Dave S , call them and tell them you trade with OH , they'' ll give you a flat fee. Try Tradestation as well.
Low cost broker that doesn't clear through Penson
- Thread starter dave_s
- Start date
Another cheap one just2trade.com
All you have to do is say that you are an active trader and , you would pay1 per contract , I pay 10 dollars for ten contracts and 1 for each additional. You can do the same thing with Thinkorswim as well.
Rmorse , its a very nice and clean platform , great charting and news executions are fast , and orders aren't sold to Citadel or Citi , like penson brokers do.
rmorse
Sponsor
Wow. Penson brokers don't sell order flow. The way it works, is that whom ever owns the Direct Market Access (DMA) route being used, directs the order flow to an exchange and gets paid by a MM or exchange for sending the order there. If you choose a "smart" route, they choose the exchange. If you have DMA, you choose the exchange. Either way, someone gets paid. It's NOT us. I know for a fact your orders are directed to an exchange and OX gets paid for the route. and yes, it might be Citadel, Timber Hill, Barcap, GS, etc. This payment for order flow helps keep your rates down.
All DMA platforms are fast. If you find their platform easy to use and gives you the tools you need, then fine. There is no such thing as the best platform, just what works for you. Everyone has different expectations and requirements. That's why we offer 4 platforms.