Originally posted by matthew
All brokers bad bad bad
Try steal poor me money all time
Me not need pay for anything
Me find broker who work for free
Me not worry they go belly up
Me know it costs quarter pick up phone
Me only want pay quarter
Come on. Maybe Don's response was a little flip but degenerating into this sort of thing is pointless.
Negotiate your commission rates based on what services you need and how much volume you have to offer and how large of an account you have. Asking how much a single one of my costs is, and trying to negotiate from there doesn't make sense. And I would be concerned about the business acumen of a broker who would.
Sure, if you're a very large trader, you can get rates that shave off the last tenth of a cent. But a large trader doesn't have to bother chasing it. It comes to them. The rest of us mortals are stuck back here on earth and have to strike a balance between price and service. If you don't think someone is competitive, teach them the harshest lesson there is, don't do business with them.
Of course don't be surprised if you find there's a level where you have to start making decisions as to what's most important to your trading.