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Subject:  Re: Trademonster Bond Platform Date:  7/3/2013  11:14 AM
Author:  just1trader Number:  35001 of 36853


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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