Competitive comission

[Scalperten]

Hello I am looking for some advice on comission. Basically I am looking for the best per share rate out there. Any advice?

 

[mmt]

Interactive Brokers is one of the cheapest options for retail traders. You can use them as a benchmark.

 

[Scalperten]

I was thinking more along the lines of a prop firm like Chicago trading. Although I seem a little worried since they say the SEC is closing down off shore trading. Anyone else has this feeling?

 

[ScalperJoe]

Whatever per share rate you get, add $2 to $3 per thousand to the rate if you're not going to add liquidity to each order. Of course, if you DO plan to use the ECN's effectively, then you can greatly reduce the quoted rate.

To determine the total rate, you have to consider the cost for the ECN fees/rebates.

 

[NigeJones]

hi, I see Saxo Capital Markets have new active equity and fx pricing , anyone have an account with them?

 

[mmt]

Saxo is a decent firm but, I guess Scalperten wants a much lower commission rate.

 

[Scalperten]

Yes! I am looking into Chicago trading group or jc trading group. They seem reliable only problem would be losing my money...

 

[blueraincap]

nevis and global market trading are the most competitive

 

[arna]

I was thinking more along the lines of a prop firm like Chicago trading. Although I seem a little worried since they say the SEC is closing down off shore trading. Anyone else has this feeling?

Scalperten - you mean SEC is closing down offshore trading for US citizens or what?

 

[Scalperten]

Yes! There seems to be a lot of regulation regarding nyc traders offshore trading seems to have died out. The only firm that seemed to be diligent in taking my money was t3 trading and they require the series56