Looking for another broker after Freetrade closes.
- Thread starter MRWSM
- Start date
Quote from steve23:
The only other fee's are the sec fee of .0000329 per dollar amount of the sell only ( not on the buy )
...
and a NASD Trade account fee of .000075 on the sale
would be another .08 cents on the sale
...
I don't know if they are charging the incorrect fees, or just misinforming you of them, but the SEC fee is currently $0.0000418 per dollar sold.
The NASD TAF is $0.000075 per share sold, with a cap of $3.75 per execution.
The only other fee's are the sec fee of .0000329 per dollar amount of the sell only ( not on the buy )
...
and a NASD Trade account fee of .000075 on the sale
would be another .08 cents on the sale
...
I don't know if they are charging the incorrect fees, or just misinforming you of them, but the SEC fee is currently $0.0000418 per dollar sold.
The NASD TAF is $0.000075 per share sold, with a cap of $3.75 per execution.
I am currently checkout out lowtrades as well...
As an alternative, does anyone have any experience with ChoiceTrade? ($5 equities, options too at 99c/contract)
Website is http://www.choicetrade.com
My Freetrade converted over to Izone today and commissions are similar with $5+75c/contract for options.
As an alternative, does anyone have any experience with ChoiceTrade? ($5 equities, options too at 99c/contract)
Website is http://www.choicetrade.com
My Freetrade converted over to Izone today and commissions are similar with $5+75c/contract for options.
Update on our Group with Lowtrade.
Wanted to let everyone know that today ( Monday ) is my 4th day to trade on Lowtrade, ( on our group )
Last week I did not do many trades, as they were updating the Trading Desk, ( adding Brut and other ecn's) and plus just getting used to the new Platform.
But today was my first full day of trading, I used the default routing, and my limit orders were filled fast, and just now I decided to try BRUT ( Lowtrade is giving our group BRUT at no extra cost on NYSE Stocks ) and I got my offer filled in seconds, It was great,. The bid vs ask was showing 25,000 vs 10,000, But BRUT filled my order limit order ahead of those 25,000 shares, weird... but I guess they had an internal match at BRUT
If anyone has any questions , feel free to send me a message
Also :
They are working on Quotetracker now, and should have it ready soon. I wll let everyone know as soon as I know.
Wanted to let everyone know that today ( Monday ) is my 4th day to trade on Lowtrade, ( on our group )
Last week I did not do many trades, as they were updating the Trading Desk, ( adding Brut and other ecn's) and plus just getting used to the new Platform.
But today was my first full day of trading, I used the default routing, and my limit orders were filled fast, and just now I decided to try BRUT ( Lowtrade is giving our group BRUT at no extra cost on NYSE Stocks ) and I got my offer filled in seconds, It was great,. The bid vs ask was showing 25,000 vs 10,000, But BRUT filled my order limit order ahead of those 25,000 shares, weird... but I guess they had an internal match at BRUT
If anyone has any questions , feel free to send me a message
Also :
They are working on Quotetracker now, and should have it ready soon. I wll let everyone know as soon as I know.
Quote from steve23:
Update on our Group with Lowtrade.
Wanted to let everyone know that today ( Monday ) is my 4th day to trade on Lowtrade, ( on our group )
Last week I did not do many trades, as they were updating the Trading Desk, ( adding Brut and other ecn's) and plus just getting used to the new Platform.
But today was my first full day of trading, I used the default routing, and my limit orders were filled fast, and just now I decided to try BRUT ( Lowtrade is giving our group BRUT at no extra cost on NYSE Stocks ) and I got my offer filled in seconds, It was great,. The bid vs ask was showing 25,000 vs 10,000, But BRUT filled my order limit order ahead of those 25,000 shares, weird... but I guess they had an internal match at BRUT
If anyone has any questions , feel free to send me a message
Also :
They are working on Quotetracker now, and should have it ready soon. I wll let everyone know as soon as I know.
Thanks for sharing your experience with us. Do you use limit orders in most of your trades?
Jim
I'm just wondering, but is this really such a great deal?
With the amount of volume you guys seem to be doing, I know of places that will offer below 0.0025 per share if you guys are doing over 2 million shares a month. Wouldn't that work out the same, if not cheaper? And they wouldn't even require 25k deposits.
With the amount of volume you guys seem to be doing, I know of places that will offer below 0.0025 per share if you guys are doing over 2 million shares a month. Wouldn't that work out the same, if not cheaper? And they wouldn't even require 25k deposits.