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Investing/Strategies / Bonds & Fixed Income Investments
|Subject: Re: Trademonster Bond Platform||Date: 7/3/2013 11:14 AM|
|Author: just1trader||Number: 35001 of 35435|
TM’s bond commish is $15 per ticket *plus* a buck a bond. That’s expensive if you aren’t trading size.
TM’s stock commish is $7.50 per ticket, or not much worse that what Scottrade charges, or what can be negotiated at E*Trade or TD AmeriTrade if you just ask. However, that is expensive if you aren’t trading size. E.g., IB will execute at $0.005/share ($1 min per ticket), and plenty of brokers offer similar rates.
TM’s margin-rates suck majorly (about 475bps over IB’s rate), not that I often trade on margin. But I hate brokers who gouge.
ARRGH. I really like the look of TM’s bond platform and would like to run some serious test and trials. ARRGH. I HATE setting up brokerage accounts. But I don’t see that I can avoid it if I intend to remain efficient.
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