William Meyer

Thanks a bunch, I greatly appreciate the help and speedy responses!

Thanks, Justin! With this option it looks like I will pay .0035 per share with a .35 minimum and pay ECN Fees, is it the case that I won't be charged $1 per filled orer?

Hi, I just signed up for the IBKR Pro plan using DAS Trader and I was under the impression that there was a commission structure of .0035 per share traded, but I was not aware there is a $1 fee for EVERY order you place. So when I just took my first test trade in my live account I took a very small position to make sure everything was working properly and I made $5 on the trade but took 3 partials and was charged $1 for every partial and $1 when I sold the rest of my position so I only made $1 on the trade overall. Is there a $1 fee every time you partial with Interactive Brokers?

Hey PilotFish, ToS has been reliably executing orders after the first 10 min of market open. The only frustrating issue other than the market open concern is that the Hotkey options are limited to Buy Ask, Buy Bid, Buy Market and Sell Ask, Bid, and Market. You can not create custom hotkeys to sell partial positions or buy marketable limit orders so if you want to sell partial positions you must be quick about manually entering the size you want to sell. You also can't sell any of your position if you have a stop order in place. Is it possible to have a stop set and still sell some or all of your position in DAS?

I have been trading using the Think or Swim platform for about a 4 months and have been having consistent ongoing issues with orders not filling at the market open ( within the first 10 minutes it will often take up 2 minutes to execute the order but on average takes about 30 seconds to a minute) this has caused me to not feel comfortable trading within the first 10 minutes of market open which is why I am interested in changing brokers. I am considering switching to Interactive Brokers and using DAS Trader Pro, but I am not convinced why DAS Trader Pro is worth the fairly costly $150 monthly fee. I have a few preliminary questions before I take the plunge and switch my account to IB using Das Trader Pro that I was hoping I might be able to get some advice on. 1.) I don't have any experience with Interactive Brokers TWS but I have done a little research and it sounds like the order execution time is not bad so I was wondering what makes DAS Trader worth the extra price? Is TWS not sufficient for order execution time? 2.) It looks like Lightspeed has slightly cheaper commissions than IB (.0045 vs .005 per share) and Lightspeed also has very fast and precise order execution time, so I am wondering why pay a higher commission with IB on top of a monthy fee of $150 for DAS Trader if Lightspeed is an option with cheaper commissions as well as quick order execution services. I have found some reviews of Lightspeed that say that the charting software is not the best, but I was thinking of using Think or Swim charting platform which is free and very detailed in conjunction with Lightspeed for order execution. Any insight is much appreciated as I am still learning all the ins and outs of the different available options, I am curious what the main benefits are for going with the DAS Trader Pro with IB as opposed the a possible cheaper alternative? Thanks! Will