Broker for swing trading

Discussion in 'Trading' started by vmoney, Apr 22, 2003.

  1. vmoney


    I am looking for an online broker to do swing trades with the best price/fees. Will be doing less than 5 trades a month. Checked IB but they have a $10 monthly maintenance fee.
  2. Ebo


    If you are worried about $10 fee then you should keep your money in a 2% Money Market account and stay off this board.
  3. lindq


    And if you are a professional, EBO, you should be concerned about ALL your expenses. That was a rude and stupid response to an appropriate question from a newbie.

    VMONEY, check out Brown & Company. $5. market orders. As in a penny saved is a penny earned.
  4. "In order to cover account maintenance costs, all accounts must pay a minimum of $10/month (or USD equivalent) in commissions or market data fees. "

    If you move 1000+ shares a month, than no minimum fee is payable.
  5. Conversely, you deserve to stay on this board if you are nonchalant and swing trade with Morgan Stanley Premium Services and never watch your expenses!!! Congrats if you do!

    Try, an Ameritrade affiliate. The commissions are compelling but its totally internet based to get those incredible commissions.
  6. gms


    Firstly, it may help you to understand the difference between direct access and the non direct access brokerages, and secondly, the difference between using a browser-based trading platform and a stand-alone platform.

    Other than that,

    Brown & Co. over a certain amount of shares commissions go up;
    Freetrade pays for order flow, as do most other browser based brokerages, like Scottrade;
    IB waives market data fee if you have more than $30 commissions in a month;
    I believe Ameritrade has a guarantee of best fill (you don't mind looking up the time and sales with every trade?).