I have mentioned if you're in the U.S with less than 25k account SureTrader is your only option if you want to do short selling. I have no interest in SureTrader I'm telling you cuz I hate hearing people giving up on trading.
Copy + paste----> keep these things in mind if you have decided to open up an account at SureTrader after Timothy Sykes recommended them:
1. As part of the Hiring Incentives to Restore Employment Act enacted in 2010, U.S. citizens and resident aliens living in the U.S. and holding specified foreign financial assets with an aggregate value exceeding either $50,000.00 ($100,000 if filing Married Filing Joint, (“MFS”)) on the last day of the taxable year, or $75,000.00 ($150,000 if filing MFJ) at any time during the taxable year, must report certain information about these assets on Form 8938.
…. Failing to file Form 8938 when required could result in a $10,000 penalty, with an additional penalty up to $50,000 for continued failure to file after IRS notification, the IRS noted. A 40 percent penalty on any understatement of tax attributable to non-disclosed assets can also be imposed.
2. Because suretrader charges exchange routing fees it adds 1- 4 bucks per 1000 shares traded SO: Make sure you mention Tim+ ask them for 4.95$ per 10,000 shares instead of their normal rate 4.95$ per 1000 shares
3. You may want to learn many reasons to avoid buying IPOs at any broker. As of Sept.19.2014 SureTrader's trading system may have a glitch somewhere within IPO BUY ORDERS