Is IB the cheapest broker for larger investors trading frequently?

[eastern_warrior]

Saw you reply to that other thread regarding the 8 dark pools IB has access to.

Dark pools (very much like latency) is a black box that we are not able to use for bench marking purposes it seems.

Lots of unknown to benchmark but they are critical factors

 

[Tradezero_Randy]

US Stocks and warrants commission per share is $ 0.002 at IB (2nd tier, where most of the larger day/swing traders would fall).

Everything else on the side (speed, execution, customer service, etc...) can you think of anyone else offering DMA for $0.002 or less per share?

Tony

Pricing structure: https://www.interactivebrokers.com/en/index.php?f=1590&p=stocks2

Tony, are you aware that you can trade commission free? We can provide you with a professional grade trading platform along with $0 commissions. We route to exchanges like NSDQ, EDGX and others, as well as dark pools. https://www.tradezero.us/pricing

If you would like more control over your orders, we can also provide you with a rate of .001 per share +/- all routing fees/rebates. There is no per trade minimum and we can provide you with "take" routes and rates that total .001 per share or less.

Maintaining a balance $50k entitles you to our Platinum level service where the monthly platform fee is waived, you have a Series 7 account liaison that will handle your account, 5% discount in intraday locates and much more, https://www.tradezero.us/Platinum

 

[blueraincap]

Trading for free until you fly to Brazil with my money

 

[Tradezero_Randy]

We are SIPC insured as is our clearinghouse ETC. We have no disclosures against . Check us out on Finra Brokercheck https://brokercheck.finra.org/firm/summary/282940

 

[tonyf]

We are SIPC insured as is our clearinghouse ETC. We have no disclosures against . Check us out on Finra Brokercheck https://brokercheck.finra.org/firm/summary/282940

Interesting. Do you offer DMA access to the European markets as well? an API to place orders via MS Excel? Onboarding accounts for foreign (Non-US domiciled) investors ?

 

[tonyf]

As long as you can download it and have internet access you can use it.

What's your view of all those burgeoning platforms offering $0 commission?

 

[DaveV]

... I like the transparency put out each month on the investor relations site where a breakdown on execution cost is provided ...

Where can I find this report?

 

[Tradezero_Randy]

Interesting. Do you offer DMA access to the European markets as well? an API to place orders via MS Excel? Onboarding accounts for foreign (Non-US domiciled) investors ?

Tony
We do not offer DMA to European mkts.At this point we do not offer API to place thru MS Excel Our sister company Tradezero.co does onboard clients that are not US residents or citizens .

 

[Maverick2608]

Tony
We do not offer DMA to European mkts.At this point we do not offer API to place thru MS Excel Our sister company Tradezero.co does onboard clients that are not US residents or citizens .

Do you offer market-on-open and market-on-close orders that take part in the opening and closing auctions on Nasdaq and NYSE?

 

[blueraincap]

How do you make money? Selling my flows?