Lightspeed will increase their commission schedule from $0.40 per 100 shares to a minimum of $3 from January 15th. Most of my orders are < 100 shares, therefore my comission per trade will increase from $0.40 to $3 (7.5 times more expensive!!!) Do you know any cheap broker other than Interactive Brokers for trades under 100 shares? The cheapest I found is Just2Trade at $2.5, still a lot more than $0.4
I B is very good but they r very strick in who they give margin. i still think $3 is cheap comparing to all the brokers $9.99 , $6.95 etc
TradeStation has a $1 minimum (to compete with IB). Just make sure you understand their platform and data costs.
Speedtrader at 0.99$ per trade then, thanks. How much would that cost to transfer each stock line from lightspeed to Speedtrader. Below are the Lightspeed fees. English isn't my first mother tongue, so I don't know which fee is for stock account transfer. If someone can help? ACAT Fees â Inbound FREE ACAT Fees â Outbound $50.00 ACH Recalls / Reversals $30.00 ACH Returns $30.00 Certificate Fees $50.00 Certificate Safe Keeping Fee $30.00/Quarter Conversion Fees (changing ADR to ODR) $25.00 DTC Fees $25.00 Foreign securities-ACAT Fees Variable IRA Annual Fee $30.00 IRA Closing Fee $20.00 Options Exercise Fee $25.00 Overnight Checks (Domestic) $20.00 Overnight Checks (International) $50.00 Paper Statement and Confirm Delivery Fee (per mailing) $1.00 E-mail Statement and Confirm Delivery Fee Free Pre Pay Fees $20.00 Return Certificates $25.00/Item Saturday Delivery Checks $30.00 Stop Pay Fees (W/D) (Only if check is equal to or less than 10 days old) $30.00 Wire Fees (Domestic) $20.00 Wire Fees (International) $50.00 Wires Returned $30.00