[palm]

Hi all,
I’m trying to develop day trading systems for stocks (close position at the close) because I have some idle cash in my account. The problem is whatever bias I found in the markets is not big enough to beat trading cost (commission and slippage). So I would like to ask how much are you current paying across the world.
To keep things comparable, I will measure the cost in percentage term.
Thailand:
Commission / tick size
Stocks 0.16%-0.26% (one-way)/ 0.25%-1% (per tick)
Index Future 0.08-0.12% (one-way) / 0.02% (per tick)

Thanks for sharing
Palm

[bobcollett]

Hi Palm
Here in sunny South Africa the cheapest commission is $30 in and out.
Thats for index futures
Thats 0.7%
To trade stocks costs more
Australia and New Zealand are the same
In the US you pay $12
You are paying $6
FFS (You know what this stands for?)
Regards
bobc

[palm]

Thanks Bob. Gee, isn't 0.70% pretty hard to beat for intraday trade.
Btw, how much is commissions for stocks in south africa?

PS: I'm compiling responses from around the world. I'll share in a nice looking table when done.

Palm

[SIUYA]

look at interactive brokers website
they detail round the world trading via their system
(maybe you should too Bob if they trade there....$30 for index futures is expensive)

[stang3O2]

I pay $7 round trip per futures contrast (ES) at think or swim which requires about $5620 in margin to place 1 contract with them.

US stocks I pay $5 for each buy or sale, but it is a discounted rate that would cost the normal customer $10 per transaction. My other brokers charge $7 per transaction regardless of size.