Question about slippage and Fidelity

G

GetBusyLiving

I currently use Fidelity to day trade .05 to .10 cent scalps. I have never used another brokerage so I don't know if Fidelity is any good or not. But typically, I'll execute an order and it will get filled within 4 seconds and its within .02 of the price I wanted (Usually just .01 within)

Is this good?

What is the best brokerage out there that executes the trades the fastest for a retail investor?

Thanks
 
I deal with Fidelity too. They're expensive at $19.95 per trade. I also deal with Scottrade ($7), TD Ameritrade ($9.99), and Charles Schwab ($12.95). They're all fine with regard to the speed of execution.
 
Quote from aleehatami:

I am in the $8 category. Was just wondering if fidelity was decent. I hear good things about lightspeed.
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My biggest annoyance with Fidelity is that the cost basis in ATP only updates once a day. Other than that, I think they're great.

I tend to use Fidelity for my longer term swing trades and IB for day trading.
 
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