Low commission for retail traders

H

hurricane_sh

I'm using IB and very happy with the low commission, I thought IB had the lowest for retail traders. I'm very surprised to read the Wiki page on day trading, is this really true? Anyone know such brokers?

While a retail broker might charge $7 or more per trade regardless of the trade size, a typical direct-access broker may charge anywhere from $0.01 to $0.0002 per share traded (from $10 down to $.20 per 1000 shares), or $0.25 per futures contract.
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https://en.wikipedia.org/wiki/Day_trading
 
hurricane_sh said:
Wow, sounds too good to be true, has anyone tried it?
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I haven't tried it yet.

Quantopian trades through them..

https://www.quantopian.com/faq

Here are some of the investors:

https://en.wikipedia.org/wiki/Robinhood_Markets

Robinhood has raised a total of $66 million in venture capital funding.

It received $3 million in seed capital from Google Ventures, Andreessen Horowitz, Index Ventures, IT Ventures, Social Leverage, and Elefund with several angels.[22] It announced it had raised an additional $13 million in Series A funding in September 2014.[23] Jan Hammer of Index Ventures led the round and joined the Robinhood board.[23] Also joining the round were Ribbit Capital; Howard Lindzon, co-founder of StockTwits and general partner at Social Leverage; Aaron Levie, founder of Box;Dave Morin, founder of Path; Jared Leto; Snoop Dogg; and Nasir Jones of QueensBridge Venture Partners.[23]
 
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