UNLIMITED trades for one monthly fee

[goodscalp]

Like the idea - have suggested it to prop. firms before on daily basis.

 

[Dustin]

Quote from indahook:


Frankly the attitude behind the scenes is "if you cant make money paying .01 then your going to fail anyway".

Regards
C.

That's wrong in so many traders cases.

 

[WDGann]

Tell that to the exchange, then brokers will follow.

 

[Cdntrader]

Quote from WDGann:

Tell that to the exchange, then brokers will follow.

With the BOX and EUREX on tap we should be in for a nice price war on exchange fees.. for derivatives anyways.




As far as ECN's go it seems that battle is winding down after all the consolidation.

 

[alanm]

MER had a flat-fee program, but they specifically discouraged "rapid trading strategies" or some such. Someone else followed (maybe MWD) the same pattern soon after. Don't know if they still exist.


Because someone mentioned it...

FolioFN is kind of a neat idea for newbies that just want to be able to get some experience and/or people that have small accounts. Not a good trading tool by any means, but cheap.

 

[josbarr]

They already have.

Quote from newestmember:

Why hasn't someone come up with an unlimited commission structure yet? Pay $5000/month and trade as much as you want.

Does it really cost IB/Tradestation a materially higher amount of money when you trade 1.5M shares a month versus 1.0M shares?

Why haven't commissions continued to fall? IB has been charging the same fees for years but it seems to me that the cost of providing those trades continues to fall (price of servers is cheaper, price of technology is cheaper etc etc etc)!

 

[ElectricSavant]

I agree. I did not recommend them either, I just wanted to put the name out to answer the question of the thread.

Michael B.

Quote from alanm:

MER had a flat-fee program, but they specifically discouraged "rapid trading strategies" or some such. Someone else followed (maybe MWD) the same pattern soon after. Don't know if they still exist.


Because someone mentioned it...

FolioFN is kind of a neat idea for newbies that just want to be able to get some experience and/or people that have small accounts. Not a good trading tool by any means, but cheap.

 

[TKOtrader]

my dad pays $1500 a YEAR for unlimited trades with his merrill lynch 401k.

 

[cashonly]

When I first started trading heavily, I got an Ameritrade account. Trade all you want for $800/year.

It wasn't direct access though, but it still worked out quite nicely.

They wized up and when the year was over, I got a letter saying they were not renewing the deal.