Commission Prices?

J

JC198

I am currently with Scottrade and pay $7. per trade (plus 1.25 per option when trading them).

I feel as though I can do better with IZone, IB, etc.

I do maybe 10-20 trades per week with limited volume. So if I do 20 trades a week, that's $280 in commissions (equities, not options in this case).

Can someone please give advice on what the best brokerage service might be for my trading needs?

Thanks.
 
Quote from JC198:

I am currently with Scottrade and pay $7. per trade (plus 1.25 per option when trading them).

I feel as though I can do better with IZone, IB, etc.

I do maybe 10-20 trades per week with limited volume. So if I do 20 trades a week, that's $280 in commissions (equities, not options in this case).

Can someone please give advice on what the best brokerage service might be for my trading needs?

Thanks.
More...


With IB it would cost you $1 per trade for up to 200 shares, so 20 roundtrips would be $40/week.
 
Quote from JC198:

I am currently with Scottrade and pay $7. per trade (plus 1.25 per option when trading them).

I feel as though I can do better with IZone, IB, etc.

I do maybe 10-20 trades per week with limited volume. So if I do 20 trades a week, that's $280 in commissions (equities, not options in this case).

Can someone please give advice on what the best brokerage service might be for my trading needs?

Thanks.
More...

Go with IB if you are a stock trader. They have incredible access to different markets and decent commissions.
 
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