Is IB the cheapest broker for larger investors trading frequently?

Maverick2608 said:
All orders must be limits for 200 shares or more and not create an immediate match."
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What? I don't think Robinhood has this type of restriction.
@Tradezero_Randy, what happens when my order was a penny below when I sent it but became a match one when it arrived to you? Do you have an option to cancel it back or slide it?
 
We have no restrictions on size of orders . and you control your orders if you want to cancel and move up or down its all fine . If your order doesnt execute right away like i said you can cancel or leave it out or move the price
 
Tradezero_Randy said:
We have no restrictions on size of orders . and you control your orders if you want to cancel and move up or down its all fine . If your order doesnt execute right away like i said you can cancel or leave it out or move the price
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qlai said:
What? I don't think Robinhood has this type of restriction.
@Tradezero_Randy, what happens when my order was a penny below when I sent it but became a match one when it arrived to you? Do you have an option to cancel it back or slide it?
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Again there is no share size restriction to trade for no commision , regardless of order size
https://tradezero.us/freetrades
 
Once you get above $5,000,000 in equity the Schwab, Vanguard, and others will go to zero commissions. There are a ton of conditions and limits on frequency, but once you get to that level everything becomes negotiable. I think Vanguard goes to $2 a trade after the first 100 a month. You still pay the clearing and exchange fees.
Above $10,000,000 they get really interested and will pretty much negotiate anything. Generally no upcharge for phone orders.
 
ETJ said:
Once you get above $5,000,000 in equity the Schwab, Vanguard, and others will go to zero commissions. There are a ton of conditions and limits on frequency, but once you get to that level everything becomes negotiable. I think Vanguard goes to $2 a trade after the first 100 a month. You still pay the clearing and exchange fees.
Above $10,000,000 they get really interested and will pretty much negotiate anything. Generally no upcharge for phone orders.
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I can see that Vanguard goes to USD 2 if you have more than USD 500.000 invested in their ETFs/money market funds.

I wouldn’t expect Vanguard to sell order flow. Does anyone know whether Vanguard sells order flow?
 
ETJ said:
Once you get above $5,000,000 in equity the Schwab, Vanguard, and others will go to zero commissions. There are a ton of conditions and limits on frequency, but once you get to that level everything becomes negotiable. I think Vanguard goes to $2 a trade after the first 100 a month. You still pay the clearing and exchange fees.
Above $10,000,000 they get really interested and will pretty much negotiate anything. Generally no upcharge for phone orders.
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Am not sure IB does the same?
 
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