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Showing content with the highest reputation on 09/24/2024 in all areas

  1. 1 point
    TANSTAAFL - There Ain't No Such Thing As A Free Lunch I always wondered about how the zero commissions brokers survive on so much less than the others. This article is very interesting and while certainly not a proven point, does make one wonder. That said, I have an account with Tradier and love their zero commissions for certain kinds of trades. Because that account is much smaller than my regular trading account, I often will split quantities of the same trade between Tradier and TDA/Schwab, and I've seen comparable fills across both. So I would say this article just reminds one to stay vigilant when something sounds too good to be true. https://www.wsj.com/finance/investing/robinhood-touts-rock-bottom-fees-for-options-trading-then-come-the-hidden-costs-8d745bd8?reflink=desktopwebshare_permalink
  2. 1 point
    With Tradier, I just checked mine for yesterday's transactions. Noticed the transaction fee is 3 cents for "BUY" options and for "SELL" it is 8 cents. Overall for me the Fees is around 11 cents for BUY and 17 cents for SELL per contract (Transaction + additional fees) for regular stocks. I trade SPY & VIX as well, those are costly. I find the tradier website is good enough for doing complex multi leg orders. Haven't used the app though. Only drawback for me is, with website when I'm on mobile it timesout pretty soon.
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