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Old 03-19-2008, 01:00 PM
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Join Date: Mar 2008
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Default Brokerage Charges

Hi,
For intraday trades which sites offer the best brokerage when you have a trading range of say 150+ in a quarter?
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Old 03-19-2008, 02:16 PM
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Hi Kiranhyde,

Welcome to the community.

If you are referring to US equities then many high volume price sensitive traders I know use Interactive Brokers. Another option is Trade Station.

I also talk about several other brokers here.

Hope that helps.

Dave
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Old 03-19-2008, 05:21 PM
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Default Brokerage

Hi Dave,
thanks for the quick response. A few conditions that one needs to be aware of before opening an interactive brokers account are as follows



* Good or extensive product knowledge for any product you wish to trade.

* Prior execution of 100 or more trades (any product).

* A minimum equity deposit in cash or stock of USD 10,000 (or USD equivalent).

So for beginners scott trade might be a good option with lesser capital.
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Old 03-19-2008, 08:48 PM
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Quote:
Originally Posted by kiranhyde View Post
Hi Dave,
thanks for the quick response. A few conditions that one needs to be aware of before opening an interactive brokers account are as follows



* Good or extensive product knowledge for any product you wish to trade.

* Prior execution of 100 or more trades (any product).

* A minimum equity deposit in cash or stock of USD 10,000 (or USD equivalent).

So for beginners scott trade might be a good option with lesser capital.
Hi Kiranhyde,

Thanks for coming back with that information. Thats exactly the type of participation I am hoping to see more of so we can all benefit from the knowledge of everyone in the community.

Thanks again and best regards.

Dave
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