I am considering a switch to interactive brokers for a swing trading account. The per share rates are much better than deep discount retailers like Zecco (which I am currently using). As a student under 26, it says I only need 3k to open an account. And that the inactivity fees are 3 dollars a month. Anyways, let me get to the point. Is Interactive Brokers better than Zecco? Are there any other fees I need to worry about? And can I trade odd sized share lots?
IB has a $10 per month market data fee for each month in which you have less than $30 in commissions. You can close odd lot positions but as I remember you cannot place opening odd lot orders. As for IB, I have had an account with IB for 12 years and consider IB to be the best of the best for many reasons.
--------as I remember you cannot place opening odd lot orders.--- http://ibkb.interactivebrokers.com/node/1062
Can you itemize that $14? What is your account value? How much you pay for commission a month? What kind of market data you are subscribed to?
Well it really does not matter, you will lose the 3K quickly in any brokerage firm. If you plan on daytrading/swingtrading 3K.