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.
is this commision structure fair?
- Thread starter Daal
- Start date
Quote from Daal:
$0.55c firm commision plus ecn, sec, other fees for 100 shares
its averages about $0.90c for market orders and way less for adding liquidity, on 100 shares
100% payout
fair or too much?
It's either a great deal or a horrible deal.
You wrote $.55c. So, you either mean 55/100 of a penny ($.55C), or 55/100th of a dollar (55 cents, or $.55).
55 cents per 100 shares is just a horrible deal.
You can get 50 cents per 100 shares with SEC, ECN, and other fees INCLUDED just from IB. There are much better deals out there.
Quote from dinoman:
All depends in the ECN and other fees. I pay .60 for 100 shares straight up, with no if ands or buts.
as I said it averages about 0.85-0.90 for market orders on 100 shares with all the fees, there is no software fees or any other fee so they provide lightspeed platform for free. I believe they can reduce their take to 0.40c/100 or so if I increase volume