thinkorswim for stock trading?

[El OchoCinco]

Quote from hwkaiser:

Not to mention their commision on stocks is twice that of Tradestation and triple that of IB...

Yeah they are still behind in futures and I would not say a pure futures trader should go to ToS when TS and IB have cheaper costs and better charting/trading.

However if you are already with ToS and you are doing a good amount of size on futures, you can call in and get a rate reduction to at least TS $5 a RT. What is enough size? Well I think 10 roundtrips a month of 1 contract each is not really size but if you are trading regularly and daily then it is worth a shot.

 

[RichardRimes]

thanks! didn't know they would do that...

 

[thomfergu]

i paying 2.50 commissions for futures at TOS just ask them

 

[Tasker_182]

Quote from thomfergu:

i paying 2.50 commissions for futures at TOS just ask them

Is that RT? Did you get that based on a minimum number of trades per month? (You knew someone would ask!)

T_182

 

[thomfergu]

rt??? that would be wonderful .no its per side , so to buy and sell one contract it is $5.00
thats anywhere from 20-200 contracts a day
closer to 20 though

 

[QuantPlus]

Quote from hwkaiser:

Not to mention their commision on stocks is 50% more than Tradestation and triple that of IB...

If you trade millions of shares/month...
It's all about fees and maybe Stock Loan.

Nothing else matters.

Most serious trading firms that use IB...
Completely replace TWS with custom trading platforms using FIX...
So even the broker's platform is irrelevant.

 

[FAST.AM]

For options TOS is King !

 

[saatfj]

So who is the winner overall for stocks?
I f I had to chose 2 from the list below; Or give it a grade 1 to 4...1 being the best.


Tradestation
ThinkorSwim
Interactive Brokers
TDAmeritrade

Who will be the 2 winners?

 

[GTC]

saatfj, you missed Genesis in your list. Form your list, I think it would IB, Amtd, TS, TOS.

 

[bpl1000]

Quote from saatfj:

So who is the winner overall for stocks?
I f I had to chose 2 from the list below; Or give it a grade 1 to 4...1 being the best.


Tradestation
ThinkorSwim
Interactive Brokers
TDAmeritrade

Who will be the 2 winners?

I use AMTD, IBKR and TOS.

They're all good and you can't go wrong with any. I use Fidelity too.

I think what broker you use depends on what your strategy-vehicle is going to be. If you're active, I think I would go with IBKR. But for longer-term, I like TOS and Fidelity where I don't have to meet activity minimums. TOS and Fidelity also have very good customer service, easy to deal with- if that's important to you.