You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
IBKR Lite payment for order flow
- Thread starter lwlee
- Start date
%%Has anyone compared how good IBKR Lite PFOF is compared to the industry average? IBKR Pro brags that it offers 47c per 100 share price improvement. Is IBKR Lite close to that or at least better than industry standard?
I was looking for the SCHW price improvement numbers /saw them in thier newspaper ad , but can't find them on thier website.
They used something like 1-2,000 shares+ a market order/S&P 500 stocks+ thus making it hard to compare/LOL.
YOU could most likely average better than that with IBKR;
resting limit orders, but will miss some fills. The better the price limit the more you will not get filled.; unless the market does akey reversal\then you get more than you want]
ME, i like the IBD Investors Business Daily Rule\never quibble over a quarter + miss the moVe[{That rule actually refers to a .00.25 cents a share pay up but its for good trend ing stocks/ETFs] Another way to beat that IBKR # with IBKR/ sell/market order into an uptrend.............[EVEN though a good trender simply moved price good with market order more than ''price improvement'', but result can be better that way.]
%%
I was looking for the SCHW price improvement numbers /saw them in thier newspaper ad , but can't find them on thier website.
They used something like 1-2,000 shares+ a market order/S&P 500 stocks+ thus making it hard to compare/LOL.
YOU could most likely average better than that with IBKR;
resting limit orders, but will miss some fills. The better the price limit the more you will not get filled.; unless the market does akey reversal\then you get more than you want]
ME, i like the IBD Investors Business Daily Rule\never quibble over a quarter + miss the moVe[{That rule actually refers to a .00.25 cents a share pay up but its for good trend ing stocks/ETFs] Another way to beat that IBKR # with IBKR/ sell/market order into an uptrend.............[EVEN though a good trender simply moved price good with market order more than ''price improvement'', but result can be better that way.]
Thanks Turtle. I thought only Fidelity had price improvement besides IBKR? Going to zero commissions, it would seem everyone has to sell order flow. I understand Fidelity has their own market makers which is why they don't have to sell order flow. But yeah, I'm not doing such high volume to worry about getting the short end of the bid/ask spread. I was trying out eToro the other day for their $50 referral bonus and the bid/ask for the cryptos were pretty large. In that case, I would want to shop for better price matching.