As Morse said, for stocks with IB go on tiered fee structure, add liquidity, route your orders to an exchange with rebates and you should be paying far less than $10/1000 shares. With options/IB I have no suggestions.
I was not talking about an account at IB. I was referring to a Lightspeed account with custody at Wedbush.
I don't recall exactly but when I was investigating the total cost per trade with Lightspeed vs. IB, Lightspeed was cheaper. Whether the passthroughs were higher or commissions were lower, I can't recall but at the end of the day, Lightspeed was more generous.
I would say that our equity rates are very similar except we also offer a per trade rate and they don't. Our option commissions are lower. We only focus on US listed equities and options. Anyone that wants to give us a try can use this promotion-https://www.lightspeed.com/10k-2018/. What I prefer to focus on is our level of support. You get to talk to someone when you call. And if you are my client, you get me. I don't say that lightly. I care...find that at another broker. bob
How do you know what kind of fee structure you are on with IB? I don't even know whether I am on fixed or tiered structure.
Log in to Account Management. Settings -> Account Settings -> Right hand column "Commissions Pricing Structure" click on the configuration wheel to modify settings.
None of the good things are available in Canada. Anyway I will find out about the commission structure that I am on now from IB and go from there. Thanks @HobbyTrading !
You're welcome. But I think that you better do some calculations first, before deciding which pricing structure would be the optimum choice for you.