Any other $1 <100 shares brokers besides IB?

Discussion in 'Retail Brokers' started by AshanD, Jul 19, 2005.

  1. Ebo

    Ebo

    This firm has the perfect solution for your trading.


    http://www.piker.com


    Pronunciation: 'pI-k&r
    Function: noun
    Etymology: pike to play cautiously, of unknown origin
    1 : one who gambles or speculates with small amounts of money
    2 : one who does things in a small way; also : TIGHTWAD, CHEAPSKATE
     
    #11     Jul 19, 2005
  2. AshanD

    AshanD

    What is wrong with learning inexpensively?
     
    #12     Jul 19, 2005
  3. if you intend to use a charting software as well, then you can try the tradestation package. if you will not use any professional charting software than tradestation is not relevant.
     
    #13     Jul 20, 2005
  4. Why? Because trading is expensive business. Yes, you can
    do some cost saving, but not like avoiding exchange fees.

    -Puting $20, $100 in you account, actually it's not any
    difference than having no money in your account, there
    is no emotion involved.

    -Puting on few traders a year, don't hold any truth about
    validity of your strategy, you need to make 100 trades a
    year as long term investor at least for any proven strategy

    Look at this thread to see what others are spending
    http://www.elitetrader.com/vb/showthread.php?s=&threadid=51723&perpage=6&pagenumber=1
     
    #14     Jul 20, 2005
  5. If the guy wants to make a couple of trades per year, $120 per year for quotes blows . I don't think he has to subscribe to data to trade
     
    #15     Jul 20, 2005
  6. Try buy & hold dot com.

    It Is against ET policy to post the link...

    Get Creative


    Unlimited window trades (3 windows per day) for a flat fee of 14.95/mo...

    Michael B.
     
    #16     Jul 20, 2005
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    #17     Jul 20, 2005
  8. AshanD

    AshanD

    I'm starting with $10,000 not $20. I don't intend to use all of it though (at least not at first) Also I don't agree with your 100 trades a year rule. Sounds like something a broker would say.
     
    #18     Jul 20, 2005
  9. sprstpd

    sprstpd

    Nothing is wrong. If I were in your shoes I would contact an IB rep and ask if you can turn the market data off for stocks so you don't have to pay the market data monthly fee ($10). If you can do this, it might be strange to trade, since the TWS works best when it has quotes showing. You'll have to find another source for quotes.
     
    #19     Jul 20, 2005
  10. Catoosa

    Catoosa

    Looking at all of MB Trading's fees that are in addition to the penny a share, I think IB for sure has the better deal for stocks. IB's all included price keeps my accounting simple.

    AshanD,
    I like your plan for getting started with your education in stock trading (go slow and see what develops). If you are young in your years, you will have a lot of time to learn and perfect your methods. I wish you the best.
     
    #20     Jul 20, 2005