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That's cool and all, but I trade so rarely that $10 a month would cost me more than my current brokerage (TD Ameritrade). If you re-balance anually, and only ho
by SwellJoe 10y ago
That's cool and all, but I trade so rarely that $10 a month would cost me more than my current brokerage (TD Ameritrade). If you re-balance anually, and only hold a handful of different stocks, it's easy to keep trading costs below $120/year.
But, I guess one of the reasons I never tinkered with algorithmic trading was the cost per-transaction. So, maybe it's a good thing this didn't exist when I first read about algorithmic trading, as I might have actually tried it.
- thrill 10y agoThe $10 per month is only if you need some additional ability beyond basic trading. If you can live with three day clearing time (i.e. trading in a cash account) then the trades are free.
- rdschouw 10y agoIt's free actually. The $10 / month subscription is for their Gold service which gives limited credit and removes the 3 day wait for transactions to settle.