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Showing content with the highest reputation on 10/17/2024 in Posts

  1. 2 points
    I've been using Schwab forever, and inevitably when I think of moving to a lower cost broker, I see something like this posted. FYI, I have been able to negotiate my price per contract down to .35. To those that want to know how, I just contacted support through TOS and asked who I needed to talk to negotiate it, and they handled it right there in the chat. You'll need to know your number of contracts that you've traded and your anticipated number of contracts per year. It took about 2-3 weeks to see the discount.
  2. 1 point
    I wasn't aware of that brokerage. In reading their rebate terms, I was surprised to see the PFOF kickbacks these brokers get are quite significant (0.36 per contract). At least this one gives you half of if provided you trade enough volume. There's got to be some hidden price to pay in execution slippage that probably wipes this savings out.
  3. 1 point
    I've avoided RH because of the issues they had during the Gamestop frenzy a few years ago, but I noticed they currently have a 3% match with no limit on ACATS from IRAs and I'm seriously considering moving my IRA assets there for that deal. You have to maintain RH Gold for 1 year, but that's just $60 total, so if you have substantial IRA assets, the only problem I see is the 5 year earn-out period. But for me, the IRA is just buy-and-hold investments in stocks/ETFs, so I may do it anyway. On that note, they're also doing a 2% match on ACATS when your transfer includes a $10k+ margin balance, which I don't normally mess with, but could do a few weeks just to get a bigger bonus on the transfer. I don't think that's enough to tempt me to move my option trading to RH, but it might be for some so I thought I'd mention it.
  4. 1 point
    Luckily I've been moving my operations to Schwab. This has been happening multiple days this week near the open and is completely unacceptable.
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