Brokers

[Neuron]

I am looking for a new discount broker house and I was just curious about what brokers Quantnet members use to trade stocks and why?

 

[alain]

interactive brokers

 

[Neuron]

interactive brokers

what are the commissions like?

 

[alain]

cheap

 

[Neuron]

cheap

are they dynamic or flat? matter of fact what exactly are their commissions?

 

[alain]

depends. Stock fees are dynamic. If I remember correctly 0.0005 for stocks.

For options and futures the scheme is different.

 

[Abdel]

I use HSBC Investdirect

http://www.hsbc.ca/1/2/en/personal/investdirect

 

[Brad Warren]

I use OptionsHouse.

They have a flat rate for stocks of 3.95 (I was grandfathered in at the old rate of 2.95).
For options, it's $1 a contract for the first 10 (15 for spreads) and then it's only 0.15 per contract after that.

 

[Abdel]

I use OptionsHouse.

They have a flat rate for stocks of 3.95 (I was grandfathered in at the old rate of 2.95).
For options, it's $1 a contract for the first 10 (15 for spreads) and then it's only 0.15 per contract after that.

Do you have access to foreign markets?

 

[Brad Warren]

I haven't seen anything on the site about foreign markets, but I've never tried to trade anything outside the US.

 

[pankaj]

http://online.barrons.com/article/S...781715729822.html#articleTabs_panel_article=1

You might want to look at the link above.
It's a very comprehensive review about most of the brokers on various parameters.
Really, It helped me shortlist brokers according to my usage.