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palm

Trading Costs Around the World

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Hi all,

I’m trying to develop day trading systems for stocks (close position at the close) because I have some idle cash in my account. The problem is whatever bias I found in the markets is not big enough to beat trading cost (commission and slippage). So I would like to ask how much are you current paying across the world.

To keep things comparable, I will measure the cost in percentage term.

Thailand:

Commission / tick size

Stocks 0.16%-0.26% (one-way)/ 0.25%-1% (per tick)

Index Future 0.08-0.12% (one-way) / 0.02% (per tick)

 

Thanks for sharing

Palm

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Hi Palm

Here in sunny South Africa the cheapest commission is $30 in and out.

Thats for index futures

Thats 0.7%

To trade stocks costs more

Australia and New Zealand are the same

In the US you pay $12

You are paying $6

FFS (You know what this stands for?)

Regards

bobc

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Thanks Bob. Gee, isn't 0.70% pretty hard to beat for intraday trade.

Btw, how much is commissions for stocks in south africa?

 

PS: I'm compiling responses from around the world. I'll share in a nice looking table when done.

 

Palm

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look at Interactive brokers website

they detail round the world trading via their system

(maybe you should too Bob if they trade there....$30 for index futures is expensive)

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I pay $7 round trip per futures contrast (ES) at think or swim which requires about $5620 in margin to place 1 contract with them.

 

US stocks I pay $5 for each buy or sale, but it is a discounted rate that would cost the normal customer $10 per transaction. My other brokers charge $7 per transaction regardless of size.

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