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up23

Cheapest Commission for Limit Orders Only for NASDAQ

By up23, in Beginners Forum

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up23    10

up23
Posted

Hi,

 

How do I achieve the lowest possible commission for trading NASDAQ stocks like AAPL, AMZN, etc if I only use LIMIT orders?

 

Lets say this includes rebates, and I do 1 millions shares/month.

 

I was charged over $1 (I am guessing mostly exchange fees) for 100 shares of GOOG with LIMIT orders only on IB unbundled plan at $.0035/shares. The lowest they go is $.001/share, so the most I will save with them with volume is $0.25/100 shares.

 

Is there anyway to get this down to near zero with rebates?

 

Thanks

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