Cheapest for Big Size

Discussion in 'Retail Brokers' started by daniel_m, Aug 27, 2002.

  1. I want to open a separate account solely for trading QQQs with decent size (5000-10,000 shares at once). This would be cheaper to do than with a per/share broker.

    So far the cheapest I have found is datek, who charge $9.95 for up to 5000. I wouldn't mind paying 2 lots of 9.95 to take 10,000 shares. It's still better than anything else i've seen.

    Does anyone know of any other brokers who could better this deal?
     
  2. I talked with someone a few months ago... $8.00 with no size limit? I think it was Ameritrade. If not, it was somebody else. Check around?
     
  3. u130747

    u130747

    Ameritrade charges $8.00 for market orders. Stops and limits add $5.00. Does not appear to have a 5000 share limit like Datek. They give you 25 free trades to open an account.


    http://www.ameritrade.com/




    Bert:D :cool:
     
  4. ameritrade? scottrade? please.. i need direct access, not those glorified email brokers..
     
  5. should have mentioned that in your first post..instead of wasting our time....
     
  6. what is the name of this forum?

    " Forums ›› Direct-Access Brokers ›› Retail Firms "

    I didn't think I needed to state the patently obvious..
     
  7. retail firms.....:confused:
     
  8. Andre

    Andre

    ameritrade? scottrade? please.. i need direct
    access, not those glorified email brokers.


    For what it's worth, Ameritrade's commissions are too high for my current share size. However, I like their interface, stops have worked, etc. My response has been pretty fast in my limited trading through that account.
     
  9. yeah, BUT... since 'retail firms' is a subset of 'direct-access brokers' (on ET)... i thought it was obvious that retail firms discussed here would have the property of being 'direct-access'
     
    #10     Aug 27, 2002