speed trader vs lightspeed vs IB who is the best in retail?

[brokerboy]

i just want to mention to you that i called IB and the person on the phone told me there really in no savings using cost plus until you trade 300k shares a month. i don't think its difficult to trade 300k but i am not sure how many times a month i want to trade.

i noticed lightspeed and speed trader use penson so IB is more appealing now. i don't think you will lose your money with penson i just don't know if its worth the aggravation.

Quote from def:

It's not about rebate trading. Sometime you'll take liquidity but other times you'll remove. However, why would you direct route to NYSE and not use a router like SMART which will get you better fills. Have you seen NYSE's market share lately? It's the total net cost that matters.

But in any event, you continue to miss out on the apple to apple comparison between brokers and you also fail to note on speed traders site that they charge routing fees. The routing fee they state for NYSE is .005. That brings their minimum commission greater than IB's flat fee as they charge .0089 and to note, the .005 they mark up according to their site, is significantly higher than the true NYSE fee.

https://speedtrader.com/Fees_Routing.aspx
http://individuals.interactivebrokers.com/en/accounts/fees/NYSEstkfee.php?ib_entity=llc

 

[keith herzog]

So what is the best broker to use today. I trade with scottrade and have for past 10yrs, but I have a lot of people just starting and not with over 25k. What broker is best in for a small account today? I guess also is there a better option then scottrade today for large accounts? I'm not a big forum user so any direction to a proper spot to answer this question or ask it that would be great.

i just want to mention to you that i called IB and the person on the phone told me there really in no savings using cost plus until you trade 300k shares a month. i don't think its difficult to trade 300k but i am not sure how many times a month i want to trade.

i noticed lightspeed and speed trader use penson so IB is more appealing now. i don't think you will lose your money with penson i just don't know if its worth the aggravation.

 

[Handle123]

I use Lightspeed half the time, been with them number of years, they in top five I think in being cheapest, but when I call them, they pick up, that is key for me. I also use Optionshouse, I understand they being bought by Etrade? So I might end up doing less with them if they change rates. I have an IB account as a backup, I don't like them at all, I don't like being on hold when I have a problem, I hardly ever stocks/option trades with them. I do zero futures with them. There staff often times been rude. I have couple other stock brokers that cost more but each offer information that public have but I simple don't have time to read or more like I don't have desire. So it more of paying much more for trades cause of services. But I could just ask some of you guys as you all know a hell of a great deal more than I do on what is going on.