$500K and 500K shares/month, what commission can I get?

Discussion in 'Retail Brokers' started by tonyzhou, Aug 10, 2014.

  1. $500K account size and 500K shares/month, what is the lowest commission I can get other than Interactive Brokers?
     
  2. Scaleout.Scalper

    Scaleout.Scalper Guest

    Isn't this a question better suited for IB?
     
  3. wrbtrader

    wrbtrader

    I'm not being sarcastic but you really should just started calling every broker and then tell the next broker you call about the "best offer" you've gotten so far to see if the next broker you call is willing to beat it.
     
  4. 1245

    1245

    That come out to about 29 mils for 500,000 shares. You won't do better with that volume.

    1245
     
  5. No one can beat Interactive Brokers's ADVERTISED rate, $0.002 for 500K shares/month volume?
     
  6. 1245

    1245

    That is not their rate. They charge 35 mils for the first 300K then 20 mils after. You pay each tier. And it's not true that no one can beat them. Institutional brokers don't advertise their rates but they can offer whatever they want.

    1245