ThinkorSwim vs IB

[hajimow]

Another thing to consider:
Why IB only charges about 1.5% for margin and almost all brokers charge between 7% to 10%? Are their money crispier or fresher?

 

[trefoil]

Quote from hajimow:

Here is the official option trade commisions in IB. As you see the high is 0.7 and it can go to as low as 0.25 and if you close 1 cent positions , it is actually zero commission. In my next post, I will show my trades. They are not hand picked. As you see I paid almost $1 per contract as I hit the bid in my sell. I don't usually do that.

TOS doesn't charge - well, it didn't charge - for closing sold options priced at .05 or less. Don't know if new folks w/TD are still getting that though.
With every day that goes by, I think more and more that TOS's sale to TD was a huge misfortune for options traders.

 

[hajimow]

Quote from trefoil:

TOS doesn't charge - well, it didn't charge - for closing sold options priced at .05 or less. Don't know if new folks w/TD are still getting that though.
With every day that goes by, I think more and more that TOS's sale to TD was a huge misfortune for options traders.

For clarification, I should mention that IB does not charge any commission for closing 1 cent options be it sell to close or buy to close.

 

[hajimow]

My trades yesterday and today (so far). They are all my option trades. they are not hand picked. Check out the one with zero commission.

 

[Options12]

Quote from hajimow:

My commissions. Was I lying?

hajimow, were the 100 contracts at BOX the result of an automatic liquidation?

If not, then why did you choose BOX (and pay more) when there were plenty of bids at that price elsewhere?

Thanks in advance.

 

[zdreg]

Quote from hajimow:

Another thing to consider:
Why IB only charges about 1.5% for margin and almost all brokers charge between 7% to 10%? Are their money crispier or fresher?

1. IB has a different business model.
2. it shows you that wall street is still a club since they don't compete on margin rates.

instead of making a snide comment, you should probably write a letter to the department of justice, anti-monopoly division to start an investigation.

 

[tenthousandmen]

Quote from TskTsk:

IBs software is one of the best around if you use an API, Excel for instance.

excel?

 

[hajimow]

Quote from Options12:

hajimow, were the 100 contracts at BOX the result of an automatic liquidation?

If not, then why did you choose BOX (and pay more) when there were plenty of bids at that price elsewhere?

Thanks in advance.

No. I slapped the bid and that is why I did not get a better commission.

 

[hajimow]

Quote from zdreg:

1. IB has a different business model.
2. it shows you that wall street is still a club since they don't compete on margin rates.

instead of making a snide comment, you should probably write a letter to the department of justice, anti-monopoly division to start an investigation.

1: and that is why I am with IB because I love that model.
2- It is a free country and the brokers can charge as much as they wish. It is my responsibility not to give them the satisfaction.

 

[hajimow]

last post on this thread. Another trade and I made over $13 in commission instead of paying.