Commissions
May 30, 2008
If anyone is paying anything MORE than $5 per trade, you are being ripped off.
InteractiveBrokers
Tradestation
Tradeking
Just2Trade
MBTrading
Cybertrader
Zecco
If you are paying more than $5 per trade or .005 per share, NOT ONLY ARE YOU BEING RIPPED OFF BUT you should CONCENTRATE YOUR PORTFOLIO TO ONLY THE BEST OF THE BEST CANSLIM STOCKS. Over 100% of my trades are $5 or less. Stick with the high priced stocks. They do MUCH BETTER than the low cost JUNK. PER TRADE, PER SHARE, REAL TIME, AND DEEP DISCOUNT is the way to go in a free market!
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5 Comments »
Cybertrader has been taken over by schwab as of december 07.
Unfortunately, in Canada, we’re always behind the eight-ball in Commissions. No such thing as $5 commissions. Hopefully, we’ll catch up SHORTLY !.
Disnat Direct Don.
Don - Questrade is pretty good. Minimum $4.95 and a cent per share after that. For someone like me with less than $20000 invested, I hardly ever go above $4.95.
Not the same as the U.S. options I grant you, but it’s a lot better than the $19.95 that was killing me on Etrade.
I hear TOO MANY people out there telling me they are paying $7 or $10. That is a rip off nowadays. Close the account and transfer it out, if they can NOT match $4.95 or less.