As Morse said, for stocks with IB go on tiered fee structure, add liquidity, route your orders to an exchange with rebates and you should be paying far less than $10/1000 shares.
With options/IB I have no suggestions.
What is the best direct access software and broker for experienced traders?
- Thread starter tm689
- Start date
As Morse said, for stocks with IB go on tiered fee structure, add liquidity, route your orders to an exchange with rebates and you should be paying far less than $10/1000 shares.
With options/IB I have no suggestions.
Robert Morse
Sponsor
I was not talking about an account at IB. I was referring to a Lightspeed account with custody at Wedbush.
Robert Morse
Sponsor
In what way "not as generous."
Robert Morse
Sponsor
I would say that our equity rates are very similar except we also offer a per trade rate and they don't. Our option commissions are lower. We only focus on US listed equities and options. Anyone that wants to give us a try can use this promotion-https://www.lightspeed.com/10k-2018/. What I prefer to focus on is our level of support. You get to talk to someone when you call. And if you are my client, you get me. I don't say that lightly. I care...find that at another broker.
bob
How do you know what kind of fee structure you are on with IB? I don't even know whether I am on fixed or tiered structure.
Log in to Account Management. Settings -> Account Settings -> Right hand column "Commissions Pricing Structure" click on the configuration wheel to modify settings.
None of the good things are available in Canada.
Anyway I will find out about the commission structure that I am on now from IB and go from there. Thanks @HobbyTrading !
You're welcome. But I think that you better do some calculations first, before deciding which pricing structure would be the optimum choice for you.