Was wondering if anyone could recommended good broker... I'm looking for the cheapest commission possible.
You need to be more specific. Do you daytrade/swingtrade? Stocks/futures? Typical size/frequency of trading?
I trade futures on about a $20,000 account not a whole lot of volume I may enter 20 contracts per month mainly options. I trade all futures markets.
You aren't going to do any better than Interactive Brokers. Although you might enjoy the software available at Tradestation. And just curious -- how did you choose to post in the "Trading for a Living/Career Trader" forum? I might have picked "Direct-Access Brokers/Retail Firms". Maybe you are optimistic about the returns you are going to generate on your $20k? Aaron Schindler Schindler Trading
No better than IB? Are you an IB evangelist? There are MANY futures brokers that BEAT IB commisions, margins(intraday), product offerings (since IB doesn't do pits), and service for futures. I would be out of my area of expertise recommending a specific since the OP trades mostly options on futures. But without question, IB is not the best or only choice.
I dont know them from an operational standpoint, but their quote was lower than the IB roundtrip rates.... Global Futures... Personally I use TOS and IB for Futures Trading and I am satisfied. TOS is limited in what they offer (at the moment), and the commission is a touch higher than IB. They are my backup Futures brokers for the longer term trades. (No over night carry fees) IB for the shorter term trades.
I was going through vtrader group there commissions were low $8 round. I'm going through mann right now but thinking about leaving. basically just looking for the cheapest commission and getting my orders filled