My name is Tim I am extremely new to trading but I have been following the market now so I have decided its now or never. My problem right now is that I have a few thousand dollars I can invest but the problem is that I am running into the T-3 rule with cash accounts and the PDT with any account based in America. I know that Suretrader is a good offshore broker but for some reason they are really the only option I can find.
Posted Oct 11, 16 10:00 PMbycoxtimothy1
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Basics
The easiest way to get around the T3 rule is have accounts with multiple brokers. There are many us brokers to choose from. You can have a robinhood account just because of free commissions, a e-trade account, optionshouse, interactivebrokers, and suretrader just to name a few. But considering the amount of money you have you won't be able to short any shares. Also if you are looking for a paper trading platform there are many that are completely free. I use optionshouse for some of my pape
i use suretrader for some time now and have had 0 problems with them, they are great for shorting as well, just dont overtrade with them and you will be fine
i also use think or swim because of their charting but they suck for shorting
I've heard people have a hard time accessing their money with Suretrader (Cash Account). Any input?
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