I just switched brokers after being with my old firm for a few years. Honestly, it was such a pain moving everything over and getting used to the new platform but the trade execution and extra features + market insights are totally worth it.

Just wondering, what’s everyone’s threshold for switching brokers? How much better does a broker need to be for you to go through all the hassle of moving accounts?

Reply

Topic

[Jimbo41]

I have only been day trading a year so I haven’t switched brokers yet. If I’m honest, I don’t think I’d go through the ball ache unless it was a major upgrade in platform usability or fees.

I’ve found the learning curve for new platforms is steep enough when you’re just starting out, so I’d need to see some serious improvements elsewhere to make it worthwhile.

Who were you using nd who have you switched to now?

Reply

[Aiming4EarlyRetirement]

Hi

I feel you because switching brokers is a major headache. For me, it’s all about execution speed and spreads. I’ve gotta have lightning-fast fills so if a broker’s lagging or their spreads widen too much, I’m out. I’ll put up with the hassle of switching if I can shave off even a few milliseconds on execution time or cut down commission costs. It’s rare that I switch, though – it really has to be a noticable performance boost.

Reply

[James BarraModerator DayTrading.com Team]

For those interested in switching trading providers, check out DayTrading.com’s selection of the top day trading platforms. They cater to a wide range of active trading styles, so you can find the right new broker for your needs.

Reply

[Christian HarrisParticipant]

Switching brokers isn’t a big deal if you trade on a well-supported third-party platform like cTrader, MetaTrader, or TradingView.

I use cTrader, and it lets me connect multiple brokers, so I don’t have to change platforms just because I change brokers.

The only ‘issue’ is if you really like a broker’s proprietary trading platform and don’t want to leave it.

Reply

[Author]

Replies