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Old 06-23-2009, 03:24 PM   Nav to Top  #1
bhcfinance
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Default The best online broker for Shorting

I use Etrade and believe them to be great except they won't let me short anything under $3, and also have a constant problem "being able to borrow the shares." For instance, Etrade has never allowed me to short LVS or MGM. (Even when they were $10!) Also, I wanted to short some of these small pharma companies that have exploded, and Etrade was never able to come through with the shares. Does anyone have any suggestions on the best brokers to short stocks with? And has anyone shorted penny stocks?
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Old 06-25-2009, 04:31 PM   Nav to Top  #2
johnpalley
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im having the same problem with etrade. i can wait to get some answers to this?
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Old 08-24-2009, 09:12 AM   Nav to Top  #3
sanvister
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I use Etrade and believe them to be great except they won't let me short anything under $3, and also have a constant problem "being able to borrow the shares." For instance, Etrade has never allowed me to short LVS or MGM. (Even when they were $10!) Also, I wanted to short some of these small pharma companies that have exploded, and Etrade was never able to come through with the shares.
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Old 10-04-2009, 02:57 PM   Nav to Top  #4
StockTrader6080
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I use Interactive Brokers ($1/trade for 200 shares or less) and have never had any issues with getting fills (long or short).

Keith
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Old 10-06-2009, 10:21 PM   Nav to Top  #5
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I also use Interactive Brokers. No problems so far! Nice and cheap, like it should be.
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Old 10-20-2009, 12:05 AM   Nav to Top  #6
StockTrader6080
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Originally Posted by StockBlocker View Post
I also use Interactive Brokers. No problems so far! Nice and cheap, like it should be.
Another nice thing about Interactive Brokers is that I can use the cooltrade robotic trader to automate my trades and still get the same low $1 trades.
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Old 10-20-2009, 02:23 AM   Nav to Top  #7
pdtpatrick
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Isn't IB minimum balance $10k?
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Old 10-20-2009, 05:00 AM   Nav to Top  #8
StockTrader6080
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Originally Posted by pdtpatrick View Post
Isn't IB minimum balance $10k?
Yes. That is true. But that $1 per trade is sweeet!

OptionsHouse has flat rate $2.95 trades for unlimited shares, and they have no minimum and come with a virtual account so you can test strategies without even funding your account.

They also work with the cooltrade robotic software too.
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Old 11-27-2009, 04:50 AM   Nav to Top  #9
jacovsamuel
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I have an great experience with Scottrade so you can also try...
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Old 01-16-2010, 08:33 AM   Nav to Top  #10
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what do you think about flatex. i need a new broker. since new year i have no signals. does somebody have the same problem?
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