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by SwellJoe
6396 days ago
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So, the obvious question for me is where can I buy stocks for $2.40 per trade? Any day trading successes I might manage would be eaten up by transaction costs at my current broker (where trades are $9.95, I think). I'd probably be a far more active trader at $2.40 (which may not be a good thing, but cutting costs is always good). |
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The cost of a ES mini (SP500 mini future) trade is $2.40.
Stocks trade for half a penny to a penny per share with a minimum of $1.00 per transaction.
I think they require 20k to start a new account these days though.
IB has been by far my favorite brokerage