Commision rates for stocks/options

Discussion in 'Retail Brokers' started by Darshan, Dec 11, 2009.

  1. Darshan


    I have a retail account at TDAmeritrade. I've kind of been sleeping on it lately and didn't even know what I was paying in commision.

    I spoke to the representative and he told me I'm paying $7/sotck transaction and $7/option transaction +.75 per contract.

    This seems pretty steep. Especially the .75 per contract on the options.

    I've been actively trading options.

    What should I be shooting for? What are competitve rates?

  2. i am paying 6 for stocks and .6 for options at td
  3. shotse


    it matters how many trades you make a quarter or month. If you make a lot of trades the commissions going to be really low and if you dont it will be high.
  4. I had2 IRA accounts with TD. I transfered one out and the second will soon follow. Optionshouse does not charge per contract fees.
  5. word


    That recently changed. something like $9 + 0.15/option

    I use OH now for options rather than TD. Though I like TD's option level 2 quotes better than OH's.
  6. Jym