Beginner and expert traders alike often speculate about the decline that will occur when selling short stocks. However, you don't need to worry because you can use short-selling applications to balance portfolio allocation and manage the risk you will get.
When you sell short shares, you can also borrow shares from a stockbroker who then sells your borrowed shares on the market and leaves the short position open. Then, when you close the short position by buying back the shares that have been sold and will get a profit if successful.
However, not all brokers are created with the same form and features, so you need to carefully consider your needs before you open an account and start short selling. Surely some of you have questions about "what trading apps allow short selling?", so we will provide some answers to these questions for you.
TradeZero
First of "what trading apps allow short selling?" is the TradeZero app. TradeZero is one of the applications that provide a low cost with sophisticated software and features that can specifically serve short sales so it is the best choice for you to start trading with short selling.
Founded in 2015, TradeZero has managed to establish itself as one of the best brokers for short selling in just 5 years. This app has 2 separate offerings namely TradeZero International and TradeZero America.
TradeZero offers clients a variety of benefits specifically designed for traders interested in short selling. The attractive features of this broker is commission-free trading. At TradeZro, international clients will pay a fee of $0.005 per share as well as a flat fee of $0.99 for orders of less than 200 shares. Clients based in the U.S. will enjoy slightly more attractive options trading fees, while international clients will not be subject to the day pattern trading rules. The ZeroMobile app included with all platforms is quite useful as it allows streaming of real-time quotes, and market news, and has a handy watch list option.
Firstrade
Next of "what trading apps allow short selling?" is First Trade. This application is the best choice for traders in such a large brokerage market, it is supported by low fees or rather Firstrade has offered free trading on almost all offerings.
In addition, you can also monitor the performance of your portfolio through the Firstrade mobile app, where you can take advantage of Firstrade's fundamental data and equity ratings, comprehensive dashboards, advanced charts, and a quality research and trading interface. If you want to check some more details about the platform and Firstrade account opening, we have covered them in this review.
TD Ameritrade
Third of "what trading apps allow short selling?" is TD Ameritrade. This app is the only broker that is quite ideal for turning short-sellers into successful traders. Not only that, this application provides access to a large community of investors and traders, and offers state-of-the-art technology.
The TD Ameritrade platform is research to use, with research and charting capabilities, real-time quotes, real-time news feeds, and order entry. In addition to stocks, TD Ameritrade will give you access to some other investment streams including, forex, options, stocks, over 300 commission-free ETFs, and non-exclusive mutual funds. So, Not so much for the cost of TD Ameritrade, this app costs $0 for its advanced trading tools. The company currently charges 9.5% interest on margin accounts. Those looking to short sell-by hedging with options or futures can take advantage of the access that TD Ameritrade provides to these markets.
Those are the 3 answers to the question "what trading apps allow short selling?". Good Luck!
Keyword: what trading apps allow short selling
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