Commision rates for stocks/options

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?

Thanks,
John

 

i am paying 6 for stocks and .6 for options at td

 

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.

 

I had2 IRA accounts with TD. I transfered one out and the second will soon follow. Optionshouse does not charge per contract fees.

 

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.

 

If you trade a decent bit and have over $10K, Interactive Brokers would probably be your best option.

For stocks

$0.005/per share

and $1 minimum

and for options $0.75/contract with a $1 minimum also.



http://www.interactivebrokers.com/en/accounts/fees/commission.php