Reducing costs/commissions with IB

Forgive my newbie-ness, but what am I missing, for stocks at least, why don’t you move to TD? No commissions and Thinkorswim is pretty robust

 

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AlphaHunter;
I see you are doing high volume stuff. Me too, as far as an occasional hi volume Argentine game bird shoot.
Later on in life, you may want to do something like a big game hunter; its based on + planned with an IBKR calendar or any good calendar. Meat volume is good, on big game,not much ammo costs. Most do plenty of target shooting to get ready for the big game season.

 

Huh- I apologize, I have no idea what your metaphors are referring to. Can you be a bit less cryptic ?

 

td margin and share borrowing cost is very high, in addition to low leverage permitted.

 

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OK .
Hi volume daytrading is like hi volume gamebird shoot in Argentina. Expenses start @ $500@ day +.[Maybe more with the current price of brass,LOL]
Big game hunt /shoot is more like swing/position trading; gain more meat but less ammo/expenses.[Sorry, did not mean to be cryptic]

 

Gotcha, I see what you mean. Maybe someday.. but for now I'm now trying to stick to my working strategies.

 

you can explain your point in plain English such as: swing trading has high return thus commission is not a concern.

English is my second language, so sometime quite hard to understand metaphors

 

You'll get used to it.

 

IB is ok on higher priced stocks, but just terrible on lower priced, especially under $1. On options IB is unpredictable, it can be 3 times as much or 1/2 you never know until it has executed. They are also terrible on fixing bugs.

They are good on foreign stock, such a ASX, TSX, etc. On ASX think it is just $6 Aud flat even on $50,000 order. TSX not nearly as good.

How about free? Most brokers are free now except Pinks. And Fidelity is free on all sttocks even Pinks. Have moved money there from IB. I have made most of my money on sub $1 stocks, IB just terrible on them 1%.

BTW Fid gets superb fills, IB terrible almost always the worst quoted price. Sometimes on Fid I get 25% above the Bid, 75% below at Fid on mkt orders.

Cheers

 

I do up to 100ish RTs stocks and ETFs daily. Saving thousands with Fidelity since zero commish. Instant fills and outstanding support.

I like tws (I'd rate 9/10) much better than atp (6/10), but to save tens of thousands in commissions I stay with fdly. Fdly support is very smart and friendly too (10/10). IB is also a great broker, those are my 2 favorites.