Registered: Sep 2001
08-24-12 07:56 PM
Quote from DayTrader10:
I am considering a switch to interactive brokers for a swing trading account. The per share rates are much better than deep discount retailers like Zecco (which I am currently using). As a student under 26, it says I only need 3k to open an account. And that the inactivity fees are 3 dollars a month.
Anyways, let me get to the point. Is Interactive Brokers better than Zecco? Are there any other fees I need to worry about? And can I trade odd sized share lots?
IB has a $10 per month market data fee for each month in which you have less than $30 in commissions. You can close odd lot positions but as I remember you cannot place opening odd lot orders. As for IB, I have had an account with IB for 12 years and consider IB to be the best of the best for many reasons.