I think for someone who trades 50000 sh/per day, the rate should be at least 1c per share, 1.5 is way too much..... You can contact me for a better rate.........
All firms (including Echotradeonline) are same in squeezing the customer with commisons and what not Hidden charges. My questions is there Any Prop firms which gives (Nasdaq-NYSE )10k shares at $10-$11 commission. Reddy
You're basically asking for 1/10th of a penny commissions. The most effcient firm, has costs that run at or just higher then 1/10th. And by firm I mean, self clearing broker dealer. It's not going to happen. Even E-Trade, at $9 a trade will cost you over $60 for a 10K trade, which works out to 6/10th of a cent.
Your crazy!!! People don't do as much volume as they used to so a 50k trader should trade at .006 ALL IN with free software, quote feeds, and lunches! Half priced , but hot, strippers would be nice too!
Over the last few years, commissions have been drastically reduced by every firm. I think they are at a point now where the real reason to choose a firm isn't for an extra .001, but rather for great software and other necessities (news services, health care benefits, trading environment,etc). Volume
Could not agree more Vol. Ask all the guys having REDI+ and Sterling problems lately if they'd rather save 1/10 penny or have platforms that work consistently and reliably.
I agree with you too that's why I use Hammer. I have excellent rates and probably the best platform available.