What's the fastest you moved money out of a Brokerage you thought was going to be great?

At times IB commissions reach ridiculous levels ($80+ for an electronic transaction!) but the average for me comes out to $7-10 range.
They're far from cheap though.
 
d08 said:
At times IB commissions reach ridiculous levels ($80+ for an electronic transaction!) but the average for me comes out to $7-10 range.
They're far from cheap though.
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Agree. IB is expensive. They are well-known and with reputation, but I'd rather go to small prop firms for cheaper fees and similar service.
 
Green Hand said:
Agree. IB is expensive. They are well-known and with reputation, but I'd rather go to small prop firms for cheaper fees and similar service.
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How does a prop firm provide similar service to a retail broker? Apples and Oranges.
 
I like TD and Etrade myself. And with Etrade if you have enough trading capital they extend the Etrade pro platform for free even if you do less than 30 trades a quarter.

For me both are cheaper than IB and I feel much more secure as well using these two brokers VS IB and I don't pay any platform fees on both of them which is nice.
 
prc117f said:
I like TD and Etrade myself. And with Etrade if you have enough trading capital they extend the Etrade pro platform for free even if you do less than 30 trades a quarter.

For me both are cheaper than IB and I feel much more secure as well using these two brokers VS IB and I don't pay any platform fees on both of them which is nice.
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How much do you pay in interest for overnight positions on margin?
IB has never charged me a "platform fee" which is a stupid concept to begin with.
The other issue is routing/order flow monetizing, I've heard not-so-great things about ET and AMTD.
 
Green Hand said:
I mean some prop firms provide retail accounts as well, while charging a lower fee.
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I'm not familiar with that. What would be an example of a Broker Dealer, that is a prop firm, that offers customer account in the same BD? Sounds like a regulatory nightmare.
 
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