What is the cheapest per market transaction online...

[Archon810 10]

...stock trading broker? I've got Scottrade (www.scottrade.com) which is $7. I've heard of izone (ameritrade's service www.izone.com which is $5 with $5k minimum deposit.Are there cheaper online brokers that are legit?Thanks.

[BlowFish 10]

Interactive Brokers start at $4.80 a RT for most futures. They are certainly not the cheapest but they are a good yardstick.

[justtrading 10]

It all depends how big is your transaction...Those pay-per-transactions brokers are making a killing from people that actually are not using properly: i.e they have small number of shares in every trade.You should try Interactive Brokers, but they have a per-share fee: 1$/100shares...7$/1000 shares ..etc

[Trvlwanderer 10]

If you trade in 1000 share blocks, scottrade will be cheaper than TS (this assuming you are satisfied with the ST platform). If you scale in/out or trade in 100 share lots, you will get fleeced using ST, TD, E trade etc. Forex, options, futures trading ability is another area to consider.

 

If you have determined your trading style and have a solid understanding of # shares per trade, holding time, chart requirements etc, you can make an educated decision on brokers. IB is cheap, but you may need a front end (see IB website

 

http://individuals.interactivebrokers.com/en/general/poll/ibconsultants.php?progid=11&ib_entity=llc ) for the list.

 

TS has an incredible platform, E signal has benefits but needs a broker feed, etc.

[Tenerifetone 10]

...stock trading broker? I've got Scottrade (www.scottrade.com) which is $7. I've heard of izone (ameritrade's service www.izone.com which is $5 with $5k minimum deposit.Are there cheaper online brokers that are legit?Thanks.

 

Try Independant Brokers in Chicago. They are just about the cheapest for futures contracts,which I trade. Only 1 to 2 dollars a contract each way.

[torero 10]

Do you have a website for Independent Brokers?