I am looking for a pay per share broker and here is what I need.
-ability to trade from 2 locations, home and work
-low commissions, since I make frequent small profit trades
-streaming realtime, I usually use 2 min and up time frames
It seems as though lightspeed and Interactive brokers are the two I hear of the most, are there other reputable firms out there?
Would anyone be so kind to give me their thoughts on which broker to choose?
When trading with IB does the realtime feeds come with the commission prices of .006 a share?
Does Lightspeed include the real time strea with the .004 per share?
First time switching to a pay per share. I am currently with scottrade and the commissions I am paying doesnt make sense with the trading style.
Thanks for your insight,
What is the trading volume you are looking at doing per month?
I use RealTick and really like it. But they charge something like $260/month for the platform fee. Your brokerage firm will rebate it if you trade over X times a month. There are different brokerage firms offering RealTick, I use:
They post their commission schedule on the web. If you trade a lot more than their minimum, you can negotiate a better rate.
I like RealTick because their execution speed and flexibility are very good. You can program hotkeys and submit and change orders very quickly. Useful if you are frequently catching fast markets. E.g. if you use the Internet browser based order entry/modification method, to place/change an order it takes no less than 30 seconds. Using RealTick, you can change your price twice in one second with hotkeys.