Question for any high volume stock traders out there

[SENDITIN]

Who is the rock bottom cheapest per trade for either limit or market orders? I was getting $5 on both, but that is going to change in August. I've seen $5 market orders at Brown, but can't seem to find anything cheaper than $9.95 on limit orders. Thanks in advance for any responses.

 

[Bucky]

Do you use Level II software at the place you trade? $9.95 is a pretty good price on lmit orders. Hard to beat that.

 

[SENDITIN]

Bucky,

Thanks for the reply. Yes I get free Level II software if I maintain a certain trade level for the quarter. Also always got $5 on market or limit orders with no restrictions until a buyout less than a year ago. They grandfathered you in for the $5 trades only if you maintained at least 150 trades during the quarter which wasn't an issue for me. Now I got a notice that says as of 8/1 everyone pays $9.95 no matter what.....bastards! That doubles my transaction cost.

 

[PanchoSanza]

Interactive brokers

 

[SENDITIN]

Pancho,

Thanks for the link...do you use these guys? I generally trade 1000 shares at a clip which looks like a $5 cost from their website. I wonder how their execution times are or if there are any other catches?

 

[tatehill2000]

Send My friend,,, were you with the Charles Schwab Buyout???/ what a scam,,UGH,,,,
Remembr 1 thing,,,, and obiously Im not telling this to an ammateur,,, Cheaper the price,,,CHEAPER the SERVICE,,
all of my friends ahve had probs with the discoutn services,,,,, EVERY One,,,
Cyber trader,,,
Brown (is decent)
Ameritrade,, one of the worst,,,

I have found fro the money,,, Scottrade is the absolute Best,,,,
their charting Sucks,,,, but I get that from Prophet anyway,,,,,,
Best deal on the WEB!!!
Good Luck,,,
Tater

 

[SENDITIN]

Tater,

Am with RJT (Robert J. Thompson) which was bought by TD Waterhouse some time last year. Have acutally had a good time there. Execution speeds can blow at times but other than that they've been fine. I don't want all the bells and whistles..just give me a screen to punch in the trade.

 

[tatehill2000]

TD waterhouse is comprised of a bunch of SCAM ARTISTS,,UGH worst Nightmare of my life,,,and IM CERTAIN it will corrupt RJT,,,,,
UGH GET OUT NOW!!!,,,

Ive gotten SCrewwed by TD more times than a WHORE at PORT,,,,,,

they will SHOP your Order amongst FREE LANCE Brokers,,,, you dont get filled Unless they can Scalp you for a Penny!!,,,, UGH,,,, I hope they Rot in Hell,,, You cant get control of your orders,, once they are placed,,,you cant cancel them Unless they want to,,, yo could wait in limbo for 20 minutes with a Freaking Trade OUT there,,,, and Not know if its been filled or cancelled,,
UGH,,, Worthless,,
Good Luck to you,,
Tater

 

[SENDITIN]

Tater,

I would NEVER enter market orders with the deep discount places. That's where you really get screwed. I always use limit orders. They chisel you at times on getting filled...you'll see thousands of shares go off at your price and you get jack. I've seen stocks trade HIGHER than what I was asking for on the sell...so you need to be careful, but overall I've been satisfied with their service...UNTIL THE PRICE DOUBLED!

 

[ericdixon]

I pay $9.95 at Ameritrade. I take time away so the others would not work for me.

 

[Matt24]

Scottrade

 

This has nothing to do with the original issue, but I have a question:

Alexander Elder: Come into my trading room.

Some guys recommended this book, but I would like to hear opinios from Americans, because Finnish thinking might differ from yours. Worth to read?? (Don't care about my spelling. Yes, I can read Englsih, but writing is much more difficult)