We have given you indication (albeit not the full list as it is exhaustive) what are the exchange tiers. Yes, we give you the rebates when they are due to you. As for platform - it may be a custom solution. Generally we do not eat that cost as it is pass-through (we also don't mark that cost up). We may soon introduce another platform which may be able to accomodate fee-waiver at certain volumes but I don't want to give out much from the kitchen .
So as of now, no platform rebates on either Sterling or LS platform? No routing fee as well? but can we choose which ECN we would like to use? and how about the funding? only bank wire? how much Alaric charge for wire in and out? is there any inactive fee? like no trades for certain period ? can we trade pre/post market? thanks, hope to hear from you soon.
@cy1024 Not sure what you mean by "routing fee" but I am not aware of Alaric having a fee named that way. If you mean "ECN fees (a.k.a. "exchange fee") - then yes, those apply but this is pricing policy of the exchanges themselves. Good news is, many exchanges are switching away from take/make model and are moving to flat smaller fees. You can certainly choose where you send the order. This is the whole idea behind "self-directed" routing. We give you all lit exchanges, dark pools, and many algo routes where you can search for best liquidity. Wire fees - you need to just scroll down on the pricing page: they are there. No inactivity fees. Yes, you can trade PreOpen and AH sessions.
Hi AlaricTrader, thanks for your reply. I went through your website again, i really did not find the bank wire charges.
@cy1024, my mistake. The full tarriff is on the Alaric Securities web site. I have put in a ticket to add it to AlaricTrader. Just FYI: incoming/outgoing SWIFT transfer are 40eur/$50USD. We are in the process of implementing funding with Skirll/Neteller/Paysera. If you withdraw in EUR, SEPA is a much cheaper option but SWIFT for USD is always costly.
and one more thing, does Alaric have platform rebate policy? like when certain shares hit or certain commission amount hit. that will make Alaric even more competitive.
Unfortunately we do not currently offer that. However, we have something in the works, that the FrontEnd trading community will like. Coming soon.