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mags29464

Registered: Aug 2011
Posts: 44

08-09-12 04:23 AM

i have about a million is capital and looking for some suggestions when it comes to brokers. Im not an active trader I'm pretty much a value trader with a little acquisition arbitrage thrown in. I've used interactive brokers in the past but dont feel i need all the features interactive has. its seems to be a bit of over kill. all i really need is decent execution and the ability to tender shares. i plan to have 2 accounts, one with leverage and one with out.

i also need to to easily move money in and out of the account. interactive seemed a little cumbersome when it came to adding or removing money.

any ideas on structure and brokerages would be greatly appreciated..

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mags29464

Registered: Aug 2011
Posts: 44

08-09-12 09:19 PM

Anyone have experience with different brokers?

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clerk

Registered: Mar 2011
Posts: 36

08-13-12 04:36 PM

If the cost of money movement operations take a bigger toll on your account than execution+clearing expenses, look at Vanguard Brokerage Services with its free domestic wire distributions.

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