Un sustainable fees!

mervyn said:
you claimed that you paid 15 cents commission on option trades, and gave a ib schedule. i am saying that only option premium is less than 5 cents can qualify the lowest tier commission, which is still more than 15 cents. for 5 cents premium, $5 gross, it is way out of money and not even a trading strategy.
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I showed a pic of my broker's front end (NOT IBKR) and then *in another post* replied to wxy's optimistic commission claim regarding IB. You're conflating the two things. WVA hillfolk?
 
mervyn said:
most give you the platform, data and news for free. only way to make a living in this “trading” business is scale up the size, if you don’t know that already.
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How is is free if you are paying 1.25 per contract? Scaling up in size just means more costs! Anyway, if you want all the useless bells and whistles then YOU should pay for it. The only thing I need the broker for is to transact the trade. They should have a tier system if that's the case.
 
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wxytrader said:
How is is free if you are paying 1.25 per contract? Scaling up in size just means more costs! Anyway, if you want all the useless bells and whistles then YOU should pay for it. The only thing I need the broker for is to transact the trade. They should have a tier system if that's the case.
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Schwab offers thinkorswim for (at worst) 0.65/contract.
 
poopy said:
Schwab offers thinkorswim for (at worst) 0.65/contract.
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Can't get either in Canada. That's why IBKR is the best, especially for international accounts.

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You've stated you have no money so why do you care about margin rates? What's the 600 beeps difference mean to you?

You're being gaslighted by IBKR with the comms. Who cares about comms on dime premiums? You're trading a lot of penny options?

$0.65 is SCHW's highest rate and everyone negotiates a lower rate. You can't get IBKR on the phone to permission an account after sending a wire (took 20 days). IBKR will not negotiate that (bundled) rate and their futures commissions are laughable. You have to trade 20K or more to get 1.35 on Globex.

Move to a first world country?
 
So why bother with this thread?

Bitching about rates at all the available brokers and countering your own argument by stating IBKR's rates are good.

You admittedly have no other choices so STFU, maybe?
 
poopy said:
So why bother with this thread?

Bitching about rates at all the available brokers and countering your own argument by stating IBKR's rates are good.

You admittedly have no other choices so STFU, maybe?
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The question is how are banks still in business? I was already with IBKR, but was also using my banks platform because its quicker to move funds in and out...but with e-transfer under 3k only takes a few hours sometimes on IBKR.

Now I have to move all my funds to IBKR but my mara position is trapped at my banks platform...will transfer over maybe.
 
wxytrader said:
The question is how are banks still in business? I was already with IBKR, but was also using my banks platform because its quicker to move funds in and out...but with e-transfer under 3k only takes a few hours sometimes on IBKR.

Now I have to move all my funds to IBKR but my mara position is trapped at my banks platform...will transfer over maybe.
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ACATS can take 10 days. Who trades with their commercial bank?
 
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