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butterfield

Trading Stocks... Which Broker to Use?

By butterfield, in Brokers and Data Feeds

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butterfield    10

butterfield
Posted

Guys I need your help deciding which DMA broker to use. I have a daily strategy buying (or shorting) stocks at the close of the day to sell them (or buy them back) at the close of the next day. I have been using IB and have been happy with the system and their commissions ($0.005 per share), the problem is that lately I have been trading more low priced stocks so the $0.005 cost is starting to be very steep for me. IB does not have the pricing structures others like TD Ameritrade have where you can pay a fix price "per ticket" instead of "per share", I would rather pay $9.99 per ticket instead of $0.005 per share when trading $1 priced stocks.

So I am forced to change brokers... considering that I only buy and sell U.S. equities and don´t need fundamental research of sophisticated graphs... Which broker would you recommend me to use?

 

I hear interesting comments about TD Ameritrade and the new platform at CS StreetSmart Edge... any comments?

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