gmg733
788 posts
msg #133498
- Ignore gmg733 |
1/3/2017 3:47:13 PM
For all those looking for a new broker, TastyWorks launched today. You can not open an account as they grind through the transition. Yes it is new and it will have issues, but TastyTrade is one of the few places that has legit research and they charge nothing.
Commission schedule:
1. No charge for closing trades
2. Options opening trades is $1.00 per contract (they specialize in options)
3. Stock opening trades is $5.00 for unlimited shares
4. Futures opening trades will be $2.50 per contract
Portfolio margin and futures trading coming later this year.
I am not affiliated with TastyWorks or TastyTrade. Just a firm advocate of their work.
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pthomas215
1,251 posts
msg #133499
- Ignore pthomas215 |
1/3/2017 4:11:43 PM
Thank you. For regular equities, is that $5 per round trip?
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gmg733
788 posts
msg #133501
- Ignore gmg733 |
1/3/2017 4:24:44 PM
Yes. No commission on closing trades. So you pay to get in not to get out. My understanding.
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johnpaulca
12,036 posts
msg #133502
- Ignore johnpaulca |
1/3/2017 4:39:59 PM
I think Tom Sosnoff that started Thinkorswim have now started Tastytrade.
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gmg733
788 posts
msg #133504
- Ignore gmg733 |
1/3/2017 7:48:49 PM
Yes. Not that it matters, but he was talking how they have pulled apart the quoting and the interface subsystems and the quotes are stupid fast.
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miketranz
978 posts
msg #133506
- Ignore miketranz |
1/3/2017 8:22:59 PM
You better hope the executions are fast....
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push5280
201 posts
msg #133508
- Ignore push5280 |
1/3/2017 10:02:57 PM
https://tastyworks.com/
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gmg733
788 posts
msg #133509
- Ignore gmg733 |
1/3/2017 11:20:50 PM
Fills are fast. What will be interesting to see is shorting. I use TDA and the IB guys always seemed to get filled on shorts on HTB stocks.
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BarTune1
441 posts
msg #133510
- Ignore BarTune1 |
1/4/2017 8:26:43 AM
I use TD in Canada to short ... they don't have the inventory of stocks that IB has to short ... but there are no borrow fees charged. So yes, there appears to be more stocks available at IB, but at a cost. If I cannot borrow through my broker, I typically sell a deep in the money call if the stock has options. This has always worked very well.
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johnpaulca
12,036 posts
msg #133512
- Ignore johnpaulca |
1/4/2017 9:47:15 AM
TD Canada is expensive, ditched them for Questrade, will cost you $10 for round trip.
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