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Non-Tech : Interactive Brokers / Timberhill -- Ignore unavailable to you. Want to Upgrade?


To: Shane M who wrote (8983)4/30/2014 11:53:15 PM
From: Gottfried  Respond to of 9012
 
Shane for small [100 to 500 shares] trades you'll save on commissions.



To: Shane M who wrote (8983)5/1/2014 11:03:57 AM
From: The Ox  Respond to of 9012
 
There are pros and cons to IB.

On a simplistic level, the larger the volume of shares you are trading the higher the commissions. As Gottfried pointed out, if you are trading small lots from 100 to 1000 shares, you will be very happy with IB, IMO.

If you are trading 5000 share lots, it's not as cheap as some of the ones you already have a portfolio with.

Execution is excellent and you have many, many options to choose from. These may be overkill for some but having many options is usually better than being limited in your choices.



To: Shane M who wrote (8983)5/1/2014 11:27:06 AM
From: Doo1 Recommendation

Recommended By
Gottfried

  Read Replies (1) | Respond to of 9012
 
Might check the datafeed charges to see whether they'll be waived if you only do 2 trades a month on average, as you mention.