Looking at new brokers.

Discussion in 'Retail Brokers' started by mike007, Oct 13, 2008.

  1. mike007


    Ok, I am currently an Power eTrade user right now and like the platform but I am done with these $9.99 commissions.

    I am looking at Lightspeed trading and didn't know if anyone has some advice on them.

    I am also looking into Tradestation and IB but havn't decided.

    Are there any hidden fees that I need to be aware with from these brokers??

    I am mostly interesting in platform and trading costs. Thanks.
  2. Platform fee is $10.00/month. No odd lots.
    .0035 per share.
  3. mike007


    Where does it say that there is a platform fee?? Thanks, I can't find it anywhere.
  4. Call and ask. Great service.
  5. mike007


    Ok, thanks for the info. Do you use Lightspeed? If so, do you have any other advice about them or the trading platform that I should know? Thanks.
  6. Soon as the smoke clears, I'm opening an account with them.
  7. I would be careful of IB, If you don't have proper risk management if you get a margin call you do not have 3 days to put funds into the account. You have to sell immediately. Think Or Swim isn't to bad of a broker.
  8. Regarding lightspeed...anyone know if they offer web based platform for trading on the road or behind firewalls? I have sent the request to them, but impatient.

    Any insight would be great.
  9. mike007


    Smoke clears as in the financal crisis that we are in or something up with Lightspeed the broker?
    #10     Oct 15, 2008