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Author Topic: Least expensive broker for microcaps?
Pennies to Dollars
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I use Ameritrade and it costs me $10.99/per trade. I don't really need any assistance from a broker or anything like that, so I was wondering if there was a brokerage firm that is signifantly cheaper, yet still reputable? This would be for trading Pink Sheet stocks only.
Posts: 798 | From: New Jersey | Registered: Jan 2005  |  IP: Logged | Report this post to a Moderator
Ric
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Freetrade if you have $5000 to open the account with. First 20 trades a month free then a small fee in levels after that starting at $3. Run by Ameritrade so you know it is legit. But they offer no live customer support. Everything done by e-mail.

First 20 free
21-100 $3
101-200 $2
201-up $1

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Invest with your brain not with your heart.
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Prdponce
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I use lowtrades 5.00 a trade.... 500.00 to open.. no problems with any stocks so far..

Lowtrades .com
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Upside
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Freetrade is a branch of Ameritrade. $5000.00 minimum I believe and the trades are free up to I think 30 per month. I'm not with them so if I'm wrong, someone please clarify.
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Pennies to Dollars
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Thanks a lot, Ric. Yeah, I don't really take advantage of customer support anyway.

Wow, $1 per trade after your 201st trade! LOL, nice!
Posts: 798 | From: New Jersey | Registered: Jan 2005  |  IP: Logged | Report this post to a Moderator
Pennies to Dollars
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Ugh, I was checking freetrades out and I got this...

How to Qualify for an Account
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Freetrade by Ameritrade is no longer accepting new accounts. Please visit Ameritrade Izone.
Posts: 798 | From: New Jersey | Registered: Jan 2005  |  IP: Logged | Report this post to a Moderator
Ric
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That sucks, lol

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Invest with your brain not with your heart.
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Wallace#1
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Pennies,

Look into Choice Trade. $5 trades (limit OR market), no extra fees, can trade up to just under 100 mil shs (I think) and their service is fine. No problems with them. Any questions, they are a phone call away if you don't want to wait for email. Great bunch!!!

PS: As I recall, no mininum to open account...but has been a while, so not sure. No minimum monthly shs reqd, no monthly fees depending upon the number of shs you trade.
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jordanreed
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ameritrade new izone. 5 bucks a trade. will switch over april 29

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jordan
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Pennies to Dollars
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Wallace- Thanks. I'm going to look into them.
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Ramius
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I LOVE Choicetrade.
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Pennies to Dollars
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Does anyone here use Ameritrade Izone? I may consider that if people have had success with it. If not, I'll probably go with Choicetrade.
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dap123
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im with fidelity but i i might switch to choicetrade no min and 5 dollar orders u cant beat that.
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Ktrain420
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Does Choicetrade excute there trades fast??

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"IT'S NOT LUCK IT'S DAYTRADIN'"

"HERE'S MY 2 CENT'S, SEE IF YA CAN TURN IT INTO A BUCK"
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Pennies to Dollars
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quote:
Originally posted by Ktrain420:
Does Choicetrade excute there trades fast??
That's all I'm waiting to find out before I sign up. [Wink]
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skip
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choicetrade works great for me...trades seem to go through quickly, i have had one go through right when i clicked the buy button...however, it seems to me that the MM's have more control over when your trades go through than the brokers do...
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Topcat
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Do you get L2's with choicetrade ?
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skip
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L2 is $10/month...although their free choicestreamer program gives realtime streaming quotes and delayed L2 data, good enough for me...if any of you want to sign up, shoot me your email in a PM and i will send you a referral, then we both get 5 free trades when you open an account...cool [Smile]
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Brett
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I have choicetrade and its 5$ a trade and it works great. ive had no problems with them. trades execute fast for me. made one trade and went through right when i clicked on open orders.

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Brett Watts
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