ideal broker

praetorian2 · Apr 9, 2001

Does anyone know of a broker who offers the following:
A cyber type platform (preferably cyber's)
A fee based on number of shares only. Im willing to pay 2c a share or maybe a little more If I can get any execution method I want with no extra fees.
Options trading. Im looking everywhere for something. I know some of those trading houses offer a share based fee. Im looking for something similar, but with a better platform.

mjt · Apr 9, 2001

I've also looked everywhere for a per share commission schedule. All I've been able to find is Broadwaytrading and Hold Brothers, but neither offers integrated charting.

TradersArsenal is $.01125/shr NYSE and $.0225/shr Nasdaq. They are a REDI Plus broker, which has charting that is inferior to Cyber. I couldn't see whether they offered options trading.

mjt · Apr 10, 2001

Here's a list of all the brokers I've found who charge a per share fee, with no minimum ticket charge

http://www.interactivebrokers.com/
http://www.tradescape.com/
http://www.holdbrothers.com/
http://www.tradersarsenal.com/
http://www.echotradeonline.com/
http://www.broadwaytrading.com/

andrasnm · Apr 10, 2001

Guys, just my two cents - per share broker is only good
as much money you have - if you have a lot better to have
a cap on the ticket. Bright (who was bad mouthed on this
forum a bit) and any other professional outfit will give
you a $25 ticket cap with no minimum. Commercial brokers
are seldom will do this to a scuzzy retail guy like us ;-)

P.S. this is only one factet of the equasion and may mean nothing in your ballance sheet...

rtharp · Apr 10, 2001

thanks for the post MJT

http://www.stocktrade.net charges .03 per share also

http://www.stocktrading.com is Bright's address
that charges .01 per share

A cap on commissions helps a lot.

rtharp

praetorian2 · Apr 12, 2001

mjt, thanx. I've looked into all, and holdbros offered me a nice per share rate. I recommend that you call them and see what they'll do for you. I forgot to ask about a cap though. I think it was echotrading that had a 25 a ticket cap. But I rarely do large ticket trades. Instead I average into and out of positions usually 1-2k at a time.

rtharp · Apr 13, 2001

You are correct Echo has a cap of $25
rtharp

elie · Apr 13, 2001

Praeotirian2

could You please mail me some inf on Your experience with
"holdbrotheers"?

TIA

eli

bro59 · Apr 13, 2001

P2 - I guess since you broker there you use Graybox? Has the feed proven clean and reliable, and is it similar to RealTick? Considering switching out of IB this Summer and am in the process of gathering info. Thanks.

praetorian2 · Apr 15, 2001

I don't think i was clear. I have no info on anything but cyber, who im with. It's just that I called holdbros. and they offered me the great per share rate.