Best trading platform for day trader - IB or Fidelity or lightspeed

Day Trading platform - speed

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romeo11

Which platform is best in Execution speed and commission/fees perspective?

I am currently using IB and satisfied with their execution speed but their fees are very high. For 6600 AMD trade, I pay $33.00 to buy and $37.45 to sell!!
I am with their fixed commission plan.

I heard god things about Fidelity, lightspeed and also Charles Schwab, not sure where to move.

I use platform for ordering only, so I dont care about other features or even live data.
 
romeo11 said:
Which platform is best in Execution speed and commission/fees perspective?

I am currently using IB and satisfied with their execution speed but their fees are very high. For 6600 AMD trade, I pay $33.00 to buy and $37.45 to sell!!
I am with their fixed commission plan.

I heard god things about Fidelity, lightspeed and also Charles Schwab, not sure where to move.

I use platform for ordering only, so I dont care about other features or even live data.
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You pay too much, try tiered pricing with ibkr... when you trade a lot and/or add liquidity it gets much cheaper, with rebates even for free or you actually get paid (choose MEMX exchange for max rebate)
 
JamesJ said:
You pay too much, try tiered pricing with ibkr... when you trade a lot and/or add liquidity it gets much cheaper, with rebates even for free or you actually get paid (choose MEMX exchange for max rebate)
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thanks. Just changed it to Tiered, ll update you tomorrow on costing. Any impact on execution if I go with MEMX(will try that too)?
If you are day trader, which platform do you use and what is your typical lot size?
 
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romeo11 said:
thanks. Just changed it to Tiered, ll update you tomorrow on costing. Any impact on execution if I go with MEMX(will try that too)?
If you are day trader, which platform do you use and what is your typical lot size?
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No issue on execution using MEMX, imo i even get better fills than on ARCA/ISLAND.

I use the classic TWS (not mosaic look) and like the tools Ibkr offers such as trading from quote window, scale and conditional orders, book trader.

Lot size very variable but i do quite some volume, regularly hitting the 3M+ tier.
I currently get paid 0.90 for a trade of 1000 stocks on MEMX for a 5$ stock.
 
JamesJ said:
No issue on execution using MEMX, imo i even get better fills than on ARCA/ISLAND.

I use the classic TWS (not mosaic look) and like the tools Ibkr offers such as trading from quote window, scale and conditional orders, book trader.

Lot size very variable but i do quite some volume, regularly hitting the 3M+ tier.
I currently get paid 0.90 for a trade of 1000 stocks on MEMX for a 5$ stock.
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sounds great.I put limit order above the current price and Profit taker limit above current price too. Not sure I will get rebate on such. Need to give it a shot.
 
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