commissions

[fortuna]

I am at Bear Stearns

I pay 2 usd (give up + clearing) per option : 100 options cost 200 usd

For stocks , I pay 20 usd per 1000 shares

Is this reasonnable

Thanks for your feedback

I am a bit frustrated by the fact that commission is not a percentage. For instance, it costs me proportionnally much more to trade on Lucent than Microsoft

 

[H2O]

Do a search on commissions here on the board.
I cannot judge your situation but I think you're being a bit overcharged

Example : IB (www.interactivebrokers.com)

1000 shares $7.50
Options $1,-

 

[Lobster]

Quote from fortuna:

I am a bit frustrated by the fact that commission is not a percentage. For instance, it costs me proportionnally much more to trade on Lucent than Microsoft

There's two sides to this coin. I'd much rather pay $.01 per share than 0.1% of the stock value. And IF I ever feel the need to trade LU, I just do it through RJT.

By the way, www.interactivebrokers.com is definitely what you should be interested in!

 

[hii a_ooiioo_a]

I think most brokers charge per share and not percentage of value. Some brokers do charge a flat fee per trade, instead of per share, which could be cheaper for trading large amounts of low-priced stock.

$2 for options contracts is not bad if there is no base fee. If you are paying $19.95 + $2 per contract for options trades, Interactive Brokers or OptionsXpress would be cheaper.

 

[QQQBALL]

Quote from Lobster:



There's two sides to this coin. I'd much rather pay $.01 per share than 0.1% of the stock value. And IF I ever feel the need to trade LU, I just do it through RJT.

By the way, www.interactivebrokers.com is definitely what you should be interested in!

if you're trading thru RJT, make sure the email conifrmations are enabled. mine became disabled and i was charged $2.50 per trade confirmation, which on a day of 60+trades would amount to over $150 - JUST FOR THE STATEMENT. they must really be hurting for cash to pull this crap!