I use Interactive Brokers, they don't sell flow, unless you have a lite account, there is a list here
https://www.warriortrading.com/direct-access-brokers/
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What is the catch with Robinhood?
- Thread starter RGLD
- Start date
https://www.warriortrading.com/direct-access-brokers/
I use Interactive Brokers, they don't sell flow, unless you have a lite account, there is a list here
https://www.warriortrading.com/direct-access-brokers/
I hate their options port. It's so inconsistent. For example if I buy a strangle leg by leg, it'll show as
-PUT
-CALL
but if I buy them together, it'll see it as Strangle Put/Call. It gets very confusing when you have a lot of positions.
Where can I learn more about these custom margin offsets? I've been trying to get access to something along those lines, but it seemingly doesn't exist at the retail level.
Are the custom margin arrangements negotiated on a customer-by-costumer basis? I.e. do you sit down with a prime broker, tell them what investments you're planning, and then they have their analysts run a bunch of models and tell you what margin levels you'll be approved for, and for what instruments?
Bumping to see if anyone has any intel on this...I'm very interested in custom margin offset services. Is this a standard feature of prime brokerage? Are there any other brokerages or 3rd-party services that -- for either a fee, or for accounts of a certain size -- will override the typical margin settings for an account (if a bespoke analysis assesses that the overall portfolio has lower risk than the default margin settings would require?)
Would you benefit on a free broker with liquid stocks? I can't imagine you being too hurt even with volume when you buy stuff like SPY. They'll front run you for a fraction of a cent per share which in total would be cheaper than if they charged you $1 for a transaction.
Paid 9k for transactions last year and all my transactions were only $1 each! If i had a broker like Robinhood, would I have paid less? I don't know because it's impossible to compare 9k worth of transactions charged on the spread level.
Paid 9k for transactions last year and all my transactions were only $1 each! If i had a broker like Robinhood, would I have paid less? I don't know because it's impossible to compare 9k worth of transactions charged on the spread level.
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Robinhood is good only for beginners. They have a very limited number of assets that one can trade, so that’s a big no for me.