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In this article, I’m going to dive into the details of selecting the best brokerage account in 2020.
Here are some of the questions we’re going to consider when selecting the best brokerage account:
- What brokers do we have?
- What are the best criteria?
- What is the difference between the brokerages?
- Where can I open a brokerage account?
It’s 2020… and we have several options to choose from when selecting a brokerage!
When my head trading coach Mark Hodge and I had a discussion of which brokerages to consider, we created a simple list of the most important criteria to consider.
Here are the top 8 criteria that I use when selecting a brokerage:
- Easy to short stocks
- Sell Naked Calls and Puts (level 3 and 4)
- Margin Interest Rate
- Understanding Margin impact
- Commissions for 50 options
- Platform ease of use
- Live data feed
- Customer service
- Overall rating
It’s important to remember that you may have a different set of criteria or requirements for the brokerage that you select. The criteria I’ve selected is based on my own personal experience. These are the things that I feel are…
