Hi Palo Alto Trader; I took a look at those MBT commissions, and they are too high for a scalper, especially for one who does a huge number of relatively small trades, as I do. Their fees would be perfect for someone trading pretty large size (i.e. 10,000 shares.) If you place a market order and it fills at multiple prices, do they still call it one trade? At my place, each ticket is another charge, but the charges are very low.
The commissions at On Line Investment Services are complicated, but I can buy 100 shares on the ISLD for a commission of $2.25, on the obsolete commission schedule. The new schedule has a $125 daily fee, but the cost of putting on 100 shares falls considerably below $2.25. It is a pretty complicated schedule; I don't have it in front of me, and it is new. So I'm not certain that I have included all the little additions in my calculations associated with fees, one of which is inversely proportional to your average ticket size. Once I get it all figured out, I'll post their commissions here.
-- Carl |
