Broker with IB like stock comms without inactivity fees?

H

hlpsg

I'm looking to transfer my stock investment acct (not for trading) to another broker. My current broker charges $7 per trade.

I usually need to rebalance the portfolio once a year, so with 10 funds, that's $70. I'm hoping to cut this down if I can.

Does anyone know of a decent broker with good financial standing, IB like comms and no monthly inactivity fees?

Thanks.
 
I think that you will find that all the bottom feeder low cost brokers use Penson as a clearing firm.

eOption is one that charges $3.00 for unlimited shares and looks to have no inactivity fees (best to check with them).
 
I am guessing that since you are talking about inactivity fees you trade very rarely so the $7 per trade is not really an issue except for your annual rebalancing. So if you cut that fee in half with a new firm, you are saving $35 a year. I would suggest that if you are happy with your firm now and think your money is safe, that you stay where you are.
 
Quote from hlpsg:



Does anyone know of a decent broker with good financial standing,

Thanks.
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SIPC should take care of the financial standing bit, unless you got more than 250K, but in that case i doubt you care about saving a few dollars a year in comms.
 
Quote from hoodooman:

WHAT ARE IB'S MAINTAINENCE FEES.
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10$ per month for the mandatory data subscription. And this is waivered when you do more than 10$ comish per month (or proportionally). As long as I remember.
 
Quote from FSU:

I am guessing that since you are talking about inactivity fees you trade very rarely so the $7 per trade is not really an issue except for your annual rebalancing. So if you cut that fee in half with a new firm, you are saving $35 a year. I would suggest that if you are happy with your firm now and think your money is safe, that you stay where you are.
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your reply is very polite to someone who is penny wise and pound foolish.
 
Quote from FSU:

I am guessing that since you are talking about inactivity fees you trade very rarely so the $7 per trade is not really an issue except for your annual rebalancing. So if you cut that fee in half with a new firm, you are saving $35 a year. I would suggest that if you are happy with your firm now and think your money is safe, that you stay where you are.
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I'm not, that's why I'm thinking of moving. The customer service reps can't give a direct answer most of the time.
 
Quote from zdreg:

your reply is very polite to someone who is penny wise and pound foolish.
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Maybe you work for my current broker in the customer service dept. Sure sounds like them.
 
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