Brokerage Commissions

Quote from Whistlingleaf:

I saw an error above - eOptions is 3$ +.15/contract but their platforms are terrible and their website is from 1990.

OptionsHouse is 8$ + .15/contract - platform is good but not great since it's web-based, and has limitations.

TOS/AMTD platform is superb, but commissions are expensive.

I managed to get AMTD down to 7$ per ticket but they wouldn't budge on option contract pricing which is why I'm closing them out and moving everything to OptionsHouse. (over 500k and around 2,000 trades/year and somewhere around 10k contracts/year.)

I talked to a local rep 5-6 times and pushed hard with them since I've been with them 13 years and didn't get very far. The rep told me to get lower contract pricing I'd need at least triple the assets but she wouldn't say how much they'd budge either.

I <3 Ameritrade but I hate their commissions.

eO is good for one account but not for multiple accounts - you can't be logged in on the platform and the website at the same time and only 1 account at a time.

IB is the cheapest but you have to be doing 10k contracts per month to get the good rate - otherwise you're at .70/contract iirc
More...

Wait what? TD wouldn't get rid your ticket charge? That's the first thing they will get rid of when you talk to them. I know people there that pay .75 per contract and no tickets. Hell, I got rid of my ticket charge before I placed my first trade. Something is not adding up here. Who are you talking to over there?
 
td ameritrade is think of swim.. right.. i see their platform is the best and they rape you on commissions.. no one trades tradestation? i'd use TOS if they dropped the ticket charge
 
Quote from cdcaveman:

td ameritrade is think of swim.. right.. i see their platform is the best and they rape you on commissions.. no one trades tradestation? i'd use TOS if they dropped the ticket charge
More...

They will drop the ticket charge.
 
i'm going to call IB beg them to take me of PDT restriction.. if not i'm going to call TOS get the ticket charge dropped and wire some money in.. i think..

Tradestation .. Anyone?
 
Quote from cdcaveman:

i'm going to call IB beg them to take me of PDT restriction.. if not i'm going to call TOS get the ticket charge dropped and wire some money in.. i think..

Tradestation .. Anyone?
More...

The PDT restriction has nothing to do with IB. It's an SEC provision. IB simply executes the policy. Begging won't help.
 
haha ok.. i know its SEC.. they gave me a pass the first time.. but thats actually allowed by the SEC.. now i'm jacked up... calling tos
 
Quote from Maverick74:

The PDT restriction has nothing to do with IB. It's an SEC provision. IB simply executes the policy. Begging won't help.
More...

how much volume do you have to trade before they will take off the ticket charge?

right now i use IB for execution, but I don't want to pay the monthly subscription fees for the market feeds so i keep a few bucks with TDA and use their TOS platform for real time data and analytics.

but if they were to take off the ticket price then I'd be much more inclined to just use TOS for everything.
 
You must log in or register to reply here.
Back
Top