StockFetcher Forums · General Discussion · Commission cost<< >>Post Follow-up
57 posts
msg #35814
Ignore JohnyYuma
4/30/2005 12:01:33 PM


I have found Interactive Brokers to be the cheapest when trading small lots
(.01 per share upto 500 shares, .005 over that, $1 minimum, $1 option trades)
Freetrade by Ameritrade to be the cheapest if trading large lots
(first 20 trades free, then $ 3 per tade (upto 200 trades per month), $ 2 per trade thereafter for next 200 trades, I believe, and then $ 1 for all trades - irrespective of number of shares

Appreciate if anyone else trades cheaper and can let me know

Thanks in advance

834 posts
msg #35822
Ignore marine2
4/30/2005 9:56:01 PM

The two places I trade with are both higher. Thanks for the info.

59 posts
msg #35864
Ignore glider
5/2/2005 10:18:53 PM

Sorry to have to tell you that Freetrade is history as of last Friday April 29. It is now known as Ameritrade Izone. Here's a blurb from their website:

"Designed exclusively for self-sufficient investors who prefer managing their accounts online. With Ameritrade Izone you'll pay just $5 for Internet equity trades, including stop and limit orders. Plus, there's no share limits, no order handling fees and no maintenance fees."

38 posts
msg #35867
Ignore leaddog
5/3/2005 9:47:48 AM

I am using MB Trading and not total happy with the platform they provide. I am considering, they are very inexpensive and provide a better trading platform.

56 posts
msg #35878
Ignore scvidar
5/3/2005 5:51:36 PM

I think you will be extremely pleased with Cybertrader. I used them for a couple of years and as far as I am concerned, there is NONE better for day trading & speed of execution. They were the pioneers for all these other brokerage houses offerring smart routing and very fast execution. I used their CyberX platform and was extemely pleased with it & Cybertrader platform is even better.


57 posts
msg #38990
Ignore JohnyYuma
11/20/2005 10:44:39 PM


Interactive Brokers has reduced their commissions, even further

Also, they are the only broker I know that do not charge any additional option exercide/assignment fee (both Tradestation and Cyber trader charge $15 to $ 25)


1,373 posts
msg #38996
Ignore EWZuber
11/21/2005 3:11:17 AM

IB is also offering free real time charts now and they are not bad. Upgrading them all the time. I typically keep about a dozen hourly charts up and a couple 5 minute charts. Indicators and hand drawn trend lines are held over from session to session. Something I didn't get with paid services.

StockFetcher Forums · General Discussion · Commission cost<< >>Post Follow-up

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