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Interactive Brokers to launch IBKR Lite. New service will provide commission-free, unlimited trades on US exchange-listed stocks and ETFs - plus no account minimums or inactivity fees and free market data for US exchange-traded stocks.
More interesting, from my point of view, is the removal of the base fee for options by Schwab (and now TDAmeritrade). Both are going to a straight 65 cents / option. Noticed TDAmeritrade no longer charges for exercises and assignments. Tradestation charges $14.95. Looks like there will be a lot of pressure for everyone to fall in line.
This is probably even more important than the e-micros. Looking back, my biggest trading issue was being unable to take the heat because the amount of leverage from one e-mini (or 10 options) was too large.
There are FCMs that do offer low day trading margins.
Matt Z
Optimus Futures
There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
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