i'm with a decent good big name broker. but i'm tired of them and customer service issues. so, please help me with a good broker my needs: upper 6 figs account etf and equites 90% of the time commisions and platfom factors in decision making. thanks
Check out Cobra Trading. I just switched and love their Customer Service and fees are definitely competitive.
You got to be joking! I recently switched brokers and I looked at Cobra before I did. Cobra has one of the highest commisions out there. $7.99 a trade (I can get that at Etrade) Or .004 per share (IB's highest rate of .0035 is lower than Cobra's lowest rate) The broker I am at now costs .001275 per share for 4 million shares a month. That's $5,100 a month in commissions, at Cobra it would cost me $16,000 a month. That's almost an extra $11,000 a month in commissions at Cobra, for what?
IB has the lowest commission rates I could find and they are especially low for huge volumes of trading. As I have mentioned in other posts, if you are really concerned about getting "interest" on your funds (which you should'nt really give a damn about with trading such a large account), then put a portion of your funds into preferreds and investment-grade corporate bonds.
I'm a web developer and institutional sales rep for ProTrade Financial. I suggest you contact us to review our products and trading rates. We are very competitive and have experienced traders on our help desk to serve you. We are affiliated with Meridian Equity Partners, floor brokers on the NYSE, and can provide market intelligence and color to professional traders. Our website is www.protradefinancial.com. Contact me anytime for more information. Sincerely, Greg Davis 212-380-6898
You need Forex broker or Forex platform? Example for Forex platforms are GCItrading, Easy-forex, GFTforex, Metatrader4, and many others. "Forex Brokers" are Traders who have "forex trading firm" and they trade forex daily using "forex platforms". Broker: A broker, a single person, or the brokerage firm completes any necessary legal paperwork, obtains the appropriate signatures, and collects money from the purchaser to give to the seller. Since the buyer and seller are employing the brokerage to complete the deal, the brokerage may collect a portion of the money obtained. In some cases, a brokerage receives money from both parties. In others, the brokerage receives a commission only from the seller. Trading platform: It is the software which provides you with access to market information and allows a trader to receive and send information in order to place orders.
Check out FX Trader if you're looking for a Forex trading application. We have a free demo of the product at: http://www.protradefinancial.com/freedemo.asp Thanks, Greg Davis ProTradeFinancial.com