UnThreaded | Threaded | Whole Thread (9) | Ignore Thread Prev Thread | Prev | Next | Next Thread
Author: just1trader Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 35400  
Subject: Re: Trademonster Bond Platform Date: 7/3/2013 11:14 AM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
Corrections/additions:

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.
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (9) | Ignore Thread Prev Thread | Prev | Next | Next Thread

Announcements

Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

Economic Implications of Cuba
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement