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Old 02-24-2008, 12:06 PM
Archon810 Archon810 is offline
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What is the cheapest per market transaction online...

...stock trading broker? I've got Scottrade (www.scottrade.com) which is $7. I've heard of izone (ameritrade's service www.izone.com which is $5 with $5k minimum deposit.Are there cheaper online brokers that are legit?Thanks.

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Old 02-24-2008, 01:07 PM
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BlowFish BlowFish is offline
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Re: What is the cheapest per market transaction online...

Interactive Brokers start at $4.80 a RT for most futures. They are certainly not the cheapest but they are a good yardstick.

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Old 02-24-2008, 02:58 PM
justtrading justtrading is offline
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It all depends how big is your transaction...Those pay-per-transactions brokers are making a killing from people that actually are not using properly: i.e they have small number of shares in every trade.You should try Interactive Brokers, but they have a per-share fee: 1$/100shares...7$/1000 shares ..etc

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Old 02-25-2008, 07:51 AM
Trvlwanderer Trvlwanderer is offline
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Re: What is the cheapest per market transaction online...

If you trade in 1000 share blocks, scottrade will be cheaper than TS (this assuming you are satisfied with the ST platform). If you scale in/out or trade in 100 share lots, you will get fleeced using ST, TD, E trade etc. Forex, options, futures trading ability is another area to consider.

If you have determined your trading style and have a solid understanding of # shares per trade, holding time, chart requirements etc, you can make an educated decision on brokers. IB is cheap, but you may need a front end (see IB website

http://individuals.interactivebroker...&ib_entity=llc ) for the list.

TS has an incredible platform, E signal has benefits but needs a broker feed, etc.

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Old 03-21-2008, 04:03 PM
Tenerifetone Tenerifetone is offline
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Re: What is the cheapest per market transaction online...

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...stock trading broker? I've got Scottrade (www.scottrade.com) which is $7. I've heard of izone (ameritrade's service www.izone.com which is $5 with $5k minimum deposit.Are there cheaper online brokers that are legit?Thanks.
Try Independant Brokers in Chicago. They are just about the cheapest for futures contracts,which I trade. Only 1 to 2 dollars a contract each way.

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Old 03-25-2008, 03:25 PM
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torero torero is offline
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Re: What is the cheapest per market transaction online...

Do you have a website for Independent Brokers?

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