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jwez

01/24/15 7:44 AM

#19221 RE: threewheeler #19204

well my main broker for otc's is etrade and i've been paying 5.99 for years there... at the time i negotiated that price it was as low as i could get them... i'm sure i was paying 7.99 or something before that... everything is negotiable, even your commissions, but it depends on how much you trade and the size of your account... brokers need to know they can make money on you and if you do enough business then they'll do whatever they can to keep you... aside from the discount brokers that most use for pennies, other brokers have scaled fees and give rebates if you provide liquidity... i spent almost $75k last year in commissions... so, at your rate i would have spent around $100k which is quite the difference...