What is the best direct access software and broker for experienced traders?

Which brokers out there have fast executions as well as direct access with low platform fees?

 

US Listed Equities?

 

On paper: Interactive Brokers

In reality: ThinkorSwim by TD due to the various hidden fees by IB

Good luck!

 

TD does not offer DMA for stocks. We do.

Bob

 

I'm no shill but lightspeed is good.
Or

In most cases, it costs me less than $3 to trade 1000 shares with IB.

Lightspeed is good.
A decent broker offering Takion software would also be comparable.
Both are better in execution and fee structure than IB.

 

TD Ameritrade which is the broker that offers TOS would offer DMA, wouldn't it?

 

HOW do you get charged less than $3 to trade 1000 shares? My commission is at least $10 and up.

Options commission is even worse and I forgot to mention IB is NOT the lowest commission broker on Options. There are brokers that charge WAY less commissions on Options.

 

With Lightspeed, if you pay our base rate of $4.50/trade or $0.0045/share and you trade 1000 shares, the commissions is $4.50. If you add liquidity on NASDAQ, you get paid $0.002 per share or $2.00/1000. That would cost you $2.50 for the 1000 shares not including the regulatory fees. The best case would be with the per trade rate and 10,000 shares and adding liquidity, $4.50 commissions and a rebate of $20. You would get paid $15.50 not including the regulatory fees.

Bob

 

Are you available in Canada? If not, we are stuck with IB or TD if we are tired of the hidden fees.

 

No sir. Not registered in Canada.