I'm using IB and very happy with the low commission, I thought IB had the lowest for retail traders. I'm very surprised to read the Wiki page on day trading, is this really true? Anyone know such brokers? https://en.wikipedia.org/wiki/Day_trading
I haven't tried it yet. Quantopian trades through them.. https://www.quantopian.com/faq Here are some of the investors: https://en.wikipedia.org/wiki/Robinhood_Markets Robinhood has raised a total of $66 million in venture capital funding. It received $3 million in seed capital from Google Ventures, Andreessen Horowitz, Index Ventures, IT Ventures, Social Leverage, and Elefund with several angels.[22] It announced it had raised an additional $13 million in Series A funding in September 2014.[23] Jan Hammer of Index Ventures led the round and joined the Robinhood board.[23] Also joining the round were Ribbit Capital; Howard Lindzon, co-founder of StockTwits and general partner at Social Leverage; Aaron Levie, founder of Box;Dave Morin, founder of Path; Jared Leto; Snoop Dogg; and Nasir Jones of QueensBridge Venture Partners.[23]
Here is a broker that is pretty cheap. Not sure if the commissions are less than IB. https://www.lightspeed.com/pricing/commission/
Very interesting, if their business model is sustainable, it will change the broker business drastically. I think I will give it a try. Thanks, it's a little cheaper than IB for average-volume traders.
Based on the link, since most trader never trade 250000 shares per month, 100 share cost US$0.45. For easy way to remember, 200 share costs $0.9 which is a little bit half of IB, isn't it? Anyone have experience to use Robinhood? If not, it might be a ghost.