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Comission and Bullet Rates
- Thread starter Hitnruntrader
- Start date
Quote from LowCom:
All firms (including Echotradeonline) are same in squeezing the customer with commisons and what not Hidden charges. My questions is there Any Prop firms which gives (Nasdaq-NYSE )10k shares at $10-$11 commission.
Reddy
You're basically asking for 1/10th of a penny commissions. The most effcient firm, has costs that run at or just higher then 1/10th. And by firm I mean, self clearing broker dealer. It's not going to happen. Even E-Trade, at $9 a trade will cost you over $60 for a 10K trade, which works out to 6/10th of a cent.
Quote from Tsar1974:
I think for someone who trades 50000 sh/per day, the rate should be at least 1c per share, 1.5 is way too much.....
You can contact me for a better rate.........
Your crazy!!! People don't do as much volume as they used to so a 50k trader should trade at .006 ALL IN with free software, quote feeds, and lunches! Half priced , but hot, strippers would be nice too!
Quote from LowCom:
All firms (including Echotradeonline) are same in squeezing the customer with commisons and what not Hidden charges. My questions is there Any Prop firms which gives (Nasdaq-NYSE )10k shares at $10-$11 commission.
Reddy
I believe Domestic Securites charges $1 per trade for up to 10,000 shares.
Over the last few years, commissions have been drastically reduced by every firm. I think they are at a point now where the real reason to choose a firm isn't for an extra .001, but rather for great software and other necessities (news services, health care benefits, trading environment,etc).
Volume
Volume
Quote from GHansen:
Could not agree more Vol. Ask all the guys having REDI+ and Sterling problems lately if they'd rather save 1/10 penny or have platforms that work consistently and reliably.
I agree with you too that's why I use Hammer. I have excellent rates and probably the best platform available.