| StockFetcher Forums · General Discussion · Can we talk Brokerages? | << 1 2 >>Post Follow-up |
| mb504 29 posts msg #58292 - Ignore mb504 |
12/19/2007 1:22:41 PM Looking for opinions on different brokerages. Place trades daily (Options and Eq) but don't daytrade.. Swing Trader Where are the deals??? |
| davesaint86 725 posts msg #58298 - Ignore davesaint86 |
12/19/2007 3:37:21 PM I have a Scottrade account and a Just2Trade account. I pay $2 per trade at Just2Trade. The trades execute extremely fast. Level 2 quotes are included. Not a lot of bells and whistles though. But who care it beats paying $7 per trade at Scottrade. And one more thing I like is that you can place logical orders. Meaning you can place a limit order to buy 100 shares of BHP at 69.20 and place a limit or market order to sell for a profit or if the price goes down to hit the stop and sell your shares. Meaning you can place your orders in at night if you cannot access your broker from work and setup your roundtrip orders. Dave |
| EWZuber 1,373 posts msg #58301 - Ignore EWZuber |
12/19/2007 5:03:03 PM I use Interactive Brokers and it's great. $2 RT for 100 shares and I think it's $0.50 RT per 100 for 500 or more. If you depend on charts, I like theirs a lot. IB is an ECN so executions are fast. Level 2 quotes and Total View are extra. |
| jimhbutton 104 posts msg #58631 - Ignore jimhbutton |
12/31/2007 12:13:05 PM davesaint, Thanks for the Just2Trade recommendation. It looks like it has the features I've been looking combined with the deep discounts. |
| nikoschopen 2,824 posts msg #58637 - Ignore nikoschopen modified |
12/31/2007 4:27:20 PM davesaint86 sez: I pay $2 per trade at Just2Trade And one more thing I like is that you can place logical orders. Meaning you can place a limit order to buy 100 shares of BHP at 69.20 and place a limit or market order to sell for a profit or if the price goes down to hit the stop and sell your shares. Meaning you can place your orders in at night if you cannot access your broker from work and setup your roundtrip orders. jimhbutton sez: davesaint, Thanks for the Just2Trade recommendation. It looks like it has the features I've been looking combined with the deep discounts. As EWZuber already stated, InteractiveBrokers charges only $1 per 100 shares up to 500 shares and only $0.50 over and above 500 shares. They also provide a ton of different order types, including a "conditional" order that triggers your order only when the condition or criteria is met. You can check out all the different bells and whistles here. As for Level II, they do provide a free access to "Market Depth".  |
| davesaint86 725 posts msg #58640 - Ignore davesaint86 |
12/31/2007 6:18:19 PM Question - Is IB web based or do you have to load software on your PC? Davesaint |
| nikoschopen 2,824 posts msg #58643 - Ignore nikoschopen |
12/31/2007 6:42:52 PM Either/or. You can access and trade either browser-based or standalone, as well as using ure own or a third-party API. Go to the IB's main page and click on the "Software" drop-down tab to see the description for each option. |
| mimi 63 posts msg #58656 - Ignore mimi |
1/1/2008 1:54:51 PM How about tradestation ? |
| nikoschopen 2,824 posts msg #58659 - Ignore nikoschopen |
1/1/2008 3:12:08 PM TradeStation is nice too, especially with them charts. With RadarScreen under ure belt, you can trade autopilot via the system you might have backtested. But the caveat is that (1) you gotta speak their (programming) language and (2) it ain't cheap. Unless ure an active trader, you must pay for the platform. Although their commish is compatible with other DAT-brokerages like IB, they levy extra exchange fees (monthly) for different exchanges (eg. NYSE, Nasdaq, CME, NYMEX, etc). This can add up considerably if you trade more than stocks. With IB, the exchange fees are covered. It's also worth noting that TS will not allow you to trade futures and /or forex from ure equity account. You must open a seaparate account. IB, on the other hand, combines them all in one account. I no longer use TS. I have lately become a real minimalist. My belief is that you do not need elaborate gadgets to make money. I no longer believe that seconds count in the market. I was taught to think like there's no tomorrow. You must get in at just the right moment, every trade. Well, I have since learned that there's always another opportunity should you miss one. Now I trade like a sniper, patiently waiting for my unsuspecting target to appear. BANG!! The bottomline is that every broker has its good, bad and ugly sides. It's in ure best interest to know them before you plunk down ure hard-earned cash. You might also want to make a brief visit to Elitetrader.com and see what others have to say about TS. |
| mimi 63 posts msg #58662 - Ignore mimi |
1/1/2008 4:10:33 PM Thank you so much for the fast response!! I am using Scottrade for main and Zecco for sub....not happy with them... I want to have ability to auto-trade. Scottrade are just too expensive and not good customer service. I will take a look all brokerage, which mentioned here now! thanks again! |
| StockFetcher Forums · General Discussion · Can we talk Brokerages? | << 1 2 >>Post Follow-up |