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I am in no way bashing IB rates and have no agenda. What a wild imagination you have. Get off the crack pipe. What I was trying to determine is whether IB is suitable for swing trading a portion of my assets. All my trader friends tell me IB has low commission rates. Everyone here recommended...

An IB rep did respond on this thread but with very confusing calculations. I am waiting for response on calculation of commissions on the following: Unbundled 30,000 shares FAZ buy, 30,000 sell NYSE ECN execution "Adding liquidity/limit order scenario" "Removing liquidity/market order...

Kiwi I assume "adding liquidity" is a limit order onto the book. "removing liquidity" is a market order? Limit orders on NYSE ECN say, rebates me ($0.0010)/share on buy/sell side trades according to IB schedule. Market orders "Remove Liquidity" at $0.0018/share have a negative...

INET? There is not even a Exchange fee listed for INET on your commission page. Where do you come up with the 0.0025/share? Stick to FAZ on NYSE as I originally started this thread out with please. I would like for you to list out the entire calculation explicitly so I can see. Again my...

Again, the question is: Given Ameritrade allows you to trade unlimited size for $9.95, why would anyone want to trade size with IB for highly liquid issues? More so when the commissions climb as the number of shares go up.

True, but I was only considering manual orders in my question.

Hey guys, whats your views on brokers who have retail trading divisions. I can't see how this benefits retail traders if a broker is using his own money to trade against its clients. Especially if it is possible for a broker to find all its clients open positions. I tend to stay away from...

Futures are pretty good under the unbundled if you do 1000-10,000 EMini ES contracts per month, its $0.35/contract, then add another $1.14 Tier 1 - Total $1.49/contract Bundled is $2.40/contract. Although commissions are lower than my present futures broker, I don't care too much for TWS...

IB is great if you trade small size as the commissions are way less than a regular online broker. But when trading size, I don't see why anyone would want to pay 400% more on commissions.

So lets say I have 30,000 shares of FAZ to buy and sell. Base pricing is 0.0035 (assumes I generate less than 300K volume/month) Then when it comes time to buy I add in 0.0018/share for NYSE exchange fees : 30,000 * 0.0053 = $159 Now when I remove liquidity commissions are (after NYSE...

Rebates?Where is the discussion of rebates on their website? Under the unbundled they don't even discuss that.

Someone explain this to me. Everyone says IB is cheaper. I can see in certain cases they are, but mostly not in others if you trade size. The bundled commission structure is $0.005/share. If you trade less than 2000 shares that is $10/side. Thats fine and inline with say Ameritrade's...

Once I again I want to get this through everyone's head the reason for this thread. Read Defazio's bill. The purpose of the bill is to find a way to get back the TARP money. Today, BofA reimbursing the government $45B making DeFazio's concerns unwarranted. This bill is obsolete.

Based on ONE post you put on this thread I am supposed to understand your position on this? I base my judgement on your one single post which is totally defensive instead of helping the cause. NEVER in that one post that you responded to did you say you were OPPOSED. NEVER did you say you...

You disgust me. Its attitudes like yours that make me shake my head. Here, an issue that affects you and fellow investors/traders directly and you don't want to do a damn thing about it except mock it. Lets put this in real terms. Try trading ES futures. ES is 1000. Cash value is 50 times =...

http://www.commondreams.org/headline/2009/12/03-7 "Treasury Secretary Timothy Geithner said the Obama administration is opposed to the idea as is Wall Street's influential banks and investment houses" "The tax would not directly strike the average or small investor, DeFazio said...

You obviously didn't read the original post to this thread. The point of this thread was to have everyone read the DeFazio bill in entirety, THEN post comments. There is so much misinformation going around with people following that thread who have not spent the time to read what the bill is...

http://www.nytimes.com/2009/12/07/business/07tarp.html?_r=1&hp=&adxnnl=1&adxnnlx=1260174258-QfhTnssFB4ABepUgl62oCw "Mr. Geithner now says that banks will repay $175 billion by the end of next year. To date, counting Bank of America’s promised payment, banks have repaid $116 billion" THIS...

This is the kind of post that should be removed from EliteTrader. Imagine thousands of whiners complaining they lost $200 or 5% of their account on this site. EliteTrader hits a new fucking low. Really, this is not a site for experienced, top traders. Is a site for college kids with play money.

It depends on your trading style. Are you a daytrader? Scalper? Swing trader? Which are you more comfortable with? Are you an impatient person? A patient one? Someone who frets every minute about price moving up and down? Are you a confident trader? Or a are you a paranoid trader? Can you...