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re: About to start trading on the side again. Can anybody beat these rates?
Posted on 3/29/13 at 4:57 pm to bpfergu
Posted on 3/29/13 at 4:57 pm to bpfergu
Interactive Brokers have the lowest commission I've found.
https://interactivebrokers.com/en/index.php?f=commission&p=stocks
STOCKS
United States
Example
100 Shares @ USD 25 Share Price = USD 1.00
1,000 Shares @ USD 25 Share Price = USD 5.00
1,000 Shares @ USD 0.25 Share Price = USD 1.25
Flat Rate Minimum Per Order Maximum Per Order
USD0.005 1 per share USD 1.00 0.5% of trade value 2
OPTIONS
United States - Smart Routed: <=10,000 Monthly Contracts
Example
1 Contract @ USD 2 Premium = USD 1.00
2 Contracts @ USD 5 Premium = USD 1.40
3 Contracts @ USD 0.075 Premium = USD 1.50
5 Contracts @ USD 0.03 Premium = USD 1.25
Commissions Minimum Per Order
Premium => USD 0.10 USD 0.70 per contract USD 1.00
USD 0.05 =< Premium < USD 0.10 USD 0.50 per contract USD 1.00
Premium < USD 0.05 USD 0.25 per contract USD 1.00
https://interactivebrokers.com/en/index.php?f=commission&p=stocks
STOCKS
United States
Example
100 Shares @ USD 25 Share Price = USD 1.00
1,000 Shares @ USD 25 Share Price = USD 5.00
1,000 Shares @ USD 0.25 Share Price = USD 1.25
Flat Rate Minimum Per Order Maximum Per Order
USD0.005 1 per share USD 1.00 0.5% of trade value 2
OPTIONS
United States - Smart Routed: <=10,000 Monthly Contracts
Example
1 Contract @ USD 2 Premium = USD 1.00
2 Contracts @ USD 5 Premium = USD 1.40
3 Contracts @ USD 0.075 Premium = USD 1.50
5 Contracts @ USD 0.03 Premium = USD 1.25
Commissions Minimum Per Order
Premium => USD 0.10 USD 0.70 per contract USD 1.00
USD 0.05 =< Premium < USD 0.10 USD 0.50 per contract USD 1.00
Premium < USD 0.05 USD 0.25 per contract USD 1.00
1
Posted on 3/29/13 at 7:44 pm to tagatose
I second Interactive Brokers. I also have TD Ameritade and Vanguard and USAA and it's much less expensive if you're trading. I also used to trade at Scottrade.
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