Low commissions bokers using DAS: ChoiceTrade and GuardianTrading

[Erwann 13]

Hi,

Do anyone knows about ChoiceTrade and/or Guardian Trading?
ChoiceTrade is $0 commissions but I don't understand well there Margin : https://www.choicetrade.com/ctpricing.php#service-two

Guardian Trading is $0.0015/share, no minimum. Which is very interesting regarding IB with $0.0035/share.
http://www.guardiantrading.com/

I plan to go LIVE on November so I'm looking for the best broker for non US citizen
ChoiceTrade and Guardian Trading seems good and less expensive than IB.
And both use DAS.
BUT if IB in Europe don't apply PDT. Choice Trade and Guardian Trading do apply PDT. Any advice ?

[Brad 18]

I still like IB compared to these two for my purposes because I like having futures, forex, options and international markets in different countries available to me. I can also choose to use DAS or just use TWS for free. IB also gives you one free wire out of your account per month and is on the SEPA system as well, so you can move money in and out cheaply.

I gather that Guardian has very good short availability and it's nice that they have no minimum per trade. Wiring out is expensive though.

It sounds like Choice Trade has a charge of 0.005 per share for day trades, but it's free if you hold until the next day. Wiring out is expensive. They do have cheaper platforms available, probably nothing like DAS or even TWS.

If I were using DAS, I might be tempted by Guardian. It would be really nice to have an IB Europe account with no PDT though.

 

 

[Erwann 13]

Thank you @Brad for your advice.

Effectively ChoiceTrade don't apply the $0 commissions for active trader using DAS desktop version (apply for web version) 😕

GuardianTrading have very  low commissions but I can't find any review on it on the web or in our community and that's quite stressful...even with SPIC grantee. I may reconsider using their services.