which is the cheapest brokerage firm for an active trader?

Question

i mean someone who makes like a 100 trades a day, which brokerage website would be the cheapest?

Answer 1

Active traders like;
ThinkOrSwim
TradeStation
Interactive Brokers
TradeKing

Zecco is not the place for "execution". Doing 100 trades a day would invlove higher spreads, slippage and less speed than you may need.

BTW: ThinkOrSwim is not the cheapest. But I think they're the best of the above. But.... it also depends on the type of trading you're doing.

I find it difficult to believe that someone that trades 100 times a day would write lines like;
"i mean someone who makes like a 100 trades a day"......

With the level of expertise & intellegince you need to successfully trade 100 times a day... one would think your command of English would be a little more mature.

Answer 2

100 trades a day? If you are making this many trades a day then you must be a professional day trader already.

So maybe you are confused about the lingo of the stock market or made a typo.

However,

Zecco offers 10 commission free trades a months for customers with at least $2,500 in their brokerage account otherwise it is $4.50 a trade.

TradeKing offers $4.95 trades and have won many awards for their service.

Answer 3

If you were making a 100 trades a day you would know that.

Answer 4

Even at $7.00 a trade, that would be $700 a day in trading fees. Are your trades sufficiency large to overcome that drag on the return?

Answer 5

Trade King sucks and they will end up costing you money, so look into a more professional broker like option-express they have level II quotes and can execute your trade immediately.