Robert H 453 Posted May 25, 2018 Elaine, the main different between IB fixed and tiered are: Fixed: $1 minimum per ticket and includes SEC, FINRA, ECN fees Tiered: $0.35 minimum per ticket and does not include the above fees Most people have found tiered to be cheaper. Andrew, myself, Lee and many others are on tiered. Share this post Link to post Share on other sites
Elaine 0 Posted May 25, 2018 Great thanks! That make sense. The $0.35 minimum also looks better for new traders who take small size than $1 minimum. Does SEC, FINRA, ECN fee differed a lot between brokers? <audio style="display: none;" controls="controls"></audio> Share this post Link to post Share on other sites
Robert H 453 Posted May 25, 2018 I believe those 3 fees are set by outside parties, so they should be the same across brokers. Some brokers rebate you ECN fees if you add liquidity to the market (limit orders). Somebody correct me if I'm wrong. Share this post Link to post Share on other sites
BBT Member 001 27 Posted May 26, 2018 Rob, how many shares do you trade in average per month? Share this post Link to post Share on other sites
BBT Member 001 27 Posted May 26, 2018 If you add liquidity (if you buy on the bid and sell at the ask). Share this post Link to post Share on other sites
U R 0 Posted June 6, 2018 Hello Andrew or Chat room friends I am repeating question from Gianluca73. Is it $2.95+fees or only $2.95 straight? Please help. I am with IB now and easy to get $500/Mo commission. Share this post Link to post Share on other sites
Carlos M. 230 Posted June 7, 2018 I am repeating question from Gianluca73. Is it $2.95+fees or only $2.95 straight? Please help. I am with IB now and easy to get $500/Mo commission. I am with SpeedTrader now and it is $2.95 plus fees. Below is an example of how the commission and fee for my trading day today. SpeedTraders' Commission: $112.10 (38 tickets * $2.95) ECN: $34.38 SEC: 3.60 FINRA: $1.29 Total Commission and Fees: $151.37 IB and SpeedTrader both have great commission rates. Is hard for anyone to tell you this one is better than the other because only you can make that decision based on your own trading style and size. You will need to make the comparison of let's say a month of trading and match it up against both IB and SpeedTrader and see what comes out less expensive. Check this post by Robert this might help detail out what is best for you. https://forums.bearbulltraders.com/topic/425-commission-structures-comparison-ib-vs-speedtrader/ Carlos Share this post Link to post Share on other sites
Lee W 82 Posted June 8, 2018 The $.002 applies to the shares traded OVER 300,000. So if you trade 350k, the first 300k are at .0035. The remaining 50k is at .002. Share this post Link to post Share on other sites
Dread7 0 Posted June 21, 2018 When you get in with SpeedTrader make sure to update immediately as they give you a really old version to install and the desktop you develop in the sim will not work if you don't. Also note that their included "sim paper account" will constantly default back to the real account in the montages. While you can use it don't screw around. Make trades like your account depends on it because you may look down and find it does. Share this post Link to post Share on other sites
Robert H 453 Posted June 21, 2018 3 minutes ago, Dread7 said: When you get in with SpeedTrader make sure to update immediately as they give you a really old version to install and the desktop you develop in the sim will not work if you don't. Also note that their included "sim paper account" will constantly default back to the real account in the montages. While you can use it don't screw around. Make trades like your account depends on it because you may look down and find it does. Can't you just change the default account in Global Order Templates (same as standard DAS)? Share this post Link to post Share on other sites
fjmocke 4 Posted June 26, 2018 I'm a bit confused on the '$ per trade' fee structure. Is it not $ per ticket? Meaning a stop order that has not triggered is also charged for? Share this post Link to post Share on other sites
Robert H 453 Posted June 26, 2018 Per trade means per ticket (execution). Unfilled orders don't count. Share this post Link to post Share on other sites
fjmocke 4 Posted June 27, 2018 13 hours ago, Robert H said: Per trade means per ticket (execution). Unfilled orders don't count. Great thanks Robert Share this post Link to post Share on other sites
planthevision 0 Posted July 1, 2018 I see Two different Speedtrader on the websites : Speedtrader and Speedtrader Pro , can anyone tell what is the difference? Thanks Share this post Link to post Share on other sites
daniel lindegren 27 Posted July 1, 2018 3 hours ago, planthevision said: I see Two different Speedtrader on the websites : Speedtrader and Speedtrader Pro , can anyone tell what is the difference? Thanks SpeedTrader Pro is with DAS (your trading platform). Share this post Link to post Share on other sites
