Level2 to watch only, Level to order

trtrkk

Are you referring to IB when you talk about the level 1 broker? If so, here are a couple of considerations.

First, IB does offer level 2, and you can trade through it. I have found it awkward; they still don't offer the ease of use that other brokers have for level 2 trading. Also, they don't offer ecn books for listed securities.

Second, IB is hard to beat on price, but there are a few retail brokers out there that offer better commission rates than others.
Check out

http://www.rmltrading.com/
http://www.schonfeld.com/
http://www.cybertrader.com/
http://www.tradestation.com/default_2.shtm
http://www.gndt.com/

All of these offer per share pricing, if that's what you're looking for. Genesis and Schonfeld, you will have to contact to get pricing, but the others have their commissions listed on their websites.

This site has a list of brokers, as does http://www.daytradingthemarkets.com/ and if you click on the links you can usually find their commissions on the websites.
 
Quote from trtrkk:

Problem is the comission is very very expensive, to avoid this difficulty,
The best way is use expensive comissions another brokers level2 to check stock prices,
and order from low comission brokers level1 platform.
Is it possible?
More...

Who charges different commissions for Level 1 vs Level 2? The commission should be the same regardless of level. You may pay different monthly quote data fees for Level 1 vs Level 2, but not different commissions.
 
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