I have been using TC2000 for a number of years now and love it. They have recently redone there trading commissions. Does anybody use them as a broker? They seem to send they're orders thru Interactive Brokers. Do you get quick buys and sells.
What are their commissions like now. I looked into them back in 2020 and an older trader I met on twitter told me that both their charting software and their commissions hadn't advanced past 1999.
The latest commissions are: Small Trader: $1 trade + .005 a share / Options: $1 + .065 cents a contract Active trader: $5 trade + .001 a share / Options: $ 5 + .035 cents a contract For a small trader the commissions seem reasonable.
For an active trade the commission seems extremely high, does it not? I wonder if they attract many active traders?
Schwab has been commissions free for a few years now. Options are lower too. After day trading live, I am now PDT, still zero commissions for day trading names or ETFs.
I have been using IB for the past 11 years and TC2K for over 20 years. I have never entertained using TC2K as a brokerage even with IB as a conduit. What I have had difficulties and also trade is with Fidelity. I use Fidelity strictly for long term equities, BDC, ETF's, CEF's. As to a free lunch with Schwab or Fidelity what I found is unable to work with the spread bid/ask. With IB I usually will find a good place to bid the spread while with Fidelity most of the execution seems on the high side with anything beyond a .30 cents spread. Does anyone else run into that issue.
No because visually it sucks, limited to three colors if I recall, plus as usual charts wether IB or Fidelity forces you to go to 3rd party. My major complaint with TC2K is very poor fibs.