Is Charles Schwab day trading friendly?

Discussion in 'Retail Brokers' started by freeman311122, Jul 26, 2021.

  1. Overnight

    Overnight

    Ergo, it says nothing about "Maximum orders". It is saying you will be charged pro-data fees if you exceed 390 on options.
     
    #11     Jul 26, 2021
  2. Overnight

    Overnight

    OP, are you going to exceed 390 options orders per day?

    It doesn't say number of options, it says number of ORDERS.
     
    #12     Jul 26, 2021
  3. Please read again, thank you very much!
     
    #13     Jul 26, 2021
  4. Robert Morse

    Robert Morse Sponsor

    390 Orders on average per day over a month is a option exchange rule. When you pass it, you are tagged as Pro-customer vs Priority customer. This has nothing to do with equity trading or market data fees. It has to do with exchange routing fees. I can't tell if that reddit post is referring to options or equities but options makes more sense.
     
    #14     Jul 26, 2021
    TrailerParkTed likes this.
  5. Overnight

    Overnight

    #15     Jul 26, 2021
    TrailerParkTed likes this.
  6. He was referring to stocks, it has nothing to do with that 390 options rule.

    Guys, my question is not about TD Ameritrade, focus, focus, :) Thanks a lot!
     
    #16     Jul 26, 2021
  7. #17     Jul 26, 2021
  8. Overnight

    Overnight

    Then let's start at the beginning with the basics. What are you looking to trade? Stocks, Options, ETFs, Futures or Options on Futures?
     
    #18     Jul 26, 2021
  9. Stocks, thanks!
     
    #19     Jul 26, 2021
  10. Overnight

    Overnight

    Then do a Google search with the following search string. "TD ameritrade 390 trades".

    This is all yer going to come up with that does not have "Reddit" as a source.

    https://www.sec.gov/rules/sro/nyseamex/2010/34-61629.pdf
     
    #20     Jul 26, 2021