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  1. Robert Morse

    Opinions on Interactive Brokers?

    We "eat" the OCC fee of $0.05 for all but very high volume accounts. I wish we did not. Our commissions on our website include the OCC fee. I'd rather charge less and pass through all fees.
  2. Robert Morse

    LLC for Trading?

    Not enough information to respond. Happy to chat tomorrow if you want to set up a call in the morning. I'll see if I can help. Email me if you want my help. Bob
  3. Robert Morse

    Does any Broker get Option Backspreads Margin Right?

    Please provide a specific example. Are you just short a verticals with the same month?
  4. Robert Morse

    3 Options Brokers of interest, cost comparison: TOS, TastyWorks, IB

    I’m referring to debit financing and short stock rates. Our commissions are generally lower at every volume level.
  5. Robert Morse

    3 Options Brokers of interest, cost comparison: TOS, TastyWorks, IB

    None of these are correct because you don’t know today, the cost to borrow SPY shares. You seem to be looking at borrow fees not short stock fees. And YES, all shorts pay dividends. If interest charges of any kind are more important than customer service, software to fit your trading...
  6. Robert Morse

    Opinions on Interactive Brokers?

    Sorry, I had to.
  7. Robert Morse

    Opinions on Interactive Brokers?

    SEC 31 fee and TAF are only on sell orders of securities.
  8. Robert Morse

    Opinions on Interactive Brokers?

    They Do http://www.schwab.com/public/schwab/investing/pricing_services/fees_minimums 8. Exchange Process Fee—This is a fee Schwab charges to offset fees imposed on us by national securities and self-regulatory organizations or by U.S. option exchanges. The Securities and Exchange Commission...
  9. Robert Morse

    Opinions on Interactive Brokers?

    To compete with those on that list we offer Web Trader, as I discussed in this thread. BTW, we did not just lower our fees to that level like everyone else on that list. We have been at that level for quite some time. Equities: $4.50/Trade Options: $0.60/option, minimum commission of $4.50 Bob
  10. Robert Morse

    Opinions on Interactive Brokers?

    If you are referring to the SEC section 31 fee, no broker I know of would cover that. It is a pass through of a regulatory fee. https://www.sec.gov/news/pressrelease/2016-206.html
  11. Robert Morse

    Opinions on Interactive Brokers?

    For that type of business (not for an IB account-It would custody at Wedbush), our Lightspeed Web/Mobile Trader is very popular. It has some limitations like no option spreads, no trading before or after regular trading hours, no shorting hard to borrow stocks, no L2 market data and no Direct...
  12. Robert Morse

    Opinions on Interactive Brokers?

    Why don't you tell us more about you and your account. We don't know what asset classes you trade. We don't know how often you trade. If you prefer it to be private, PM or email me. We do business with both IB and Wedbush. We offer both retail and institutional accounts. At IB we offer LVX, an...
  13. Robert Morse

    Image hosting

    Dropbox
  14. Robert Morse

    Looking to switch brokers

    Thank you. Our futures and equity/option accounts are not tied.
  15. Robert Morse

    Autospreaders

    FSU, I know you like WEX however this is a very complicated platform targeting professionals. When I first joined Lightspeed I was told we offer it but a high number of new traders that have not used it before cancel after the first month. To be fair, those were equity/option traders not futures.
  16. Robert Morse

    Looking to switch brokers

    "lost my sweep ability" What do you mean by that and why is it important to you? When you say "one account", what do you mean by that? Bob
  17. Robert Morse

    Autospreaders

    Gotcha.......
  18. Robert Morse

    Autospreaders

    i960, I could be wrong but I don't expect he is talk about option spreads.
  19. Robert Morse

    can i trust TD ameritrade

    TD routes their equity orders to market makers and IB routes their equity orders to ECNS and exchanges that subject you to fees or rebates. Our offering, Lightspeed Trading is similar to IB in that respect. What country are you from? What is the size of the account? How often do you trade? If...
  20. Robert Morse

    can i trust TD ameritrade

    Well, you asked a VERY general question without providing any information about your concerns. Are you asking about the safety of your money, quality of execution, level of support etc...... If it is the safety of your money, and you will be using the US arm of either company, you will have...
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