IB vs Etrade vs PointDirex for Large Size Swingtraders

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birdman

Broker Fee Comparison For Swingtraders and intraday position traders as of 8-18-03.

Base fees:

5000 shares at IB = $27.50 per ticket.
5000 shares at Etrade = $9.99
5000 shares at PointDirex = $25

10,000 shares at IB = $52.50
10,000 shares at Etrade = $9.99
10,000 shares at PointDirex = $50

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Smaller Size Looks Like This:
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1000 shares at IB = $7.50
1000 shares at Etrade = $9.99
1000 shares at PointDirex = $5.
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The PointDirex Fee Schedule shows a $5 minimum while the PointDirex Special Offer Page for EliteTrader Members seems to imply that ET Members can trade 500 share lots for $2.50

If so, that's significant ... perhaps I misunderstood the offer.

500 shares at .005 per share sounds good if you only read price action or hold positions for more than a few minutes.

:)
 
Quote from birdman:
The PointDirex Fee Schedule shows a $5 minimum while the PointDirex Special Offer Page for EliteTrader Members seems to imply that ET Members can trade 500 share lots for $2.50
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Our website advertises our regular 'per trade' commission schedule, but we do offer a .005 'per share' commission schedule exclusively for new traders that introduce themselves as ET Members.
 
sounds great,

PointDirex should do very well indeed.

Always like to see a biz do well, especially as a result of providing better or more affordable service.

Thanks
 
[Etrade???? I don't think you can compare the softwre of Etrade with Point Direx and IB....you get what you pay for
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Etrade has software? LOL
 
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