Re: What are traders?
Traders of size (2000 shares or more) like the fixed 10 buck or 7 buck commissions because a 1 cent move is 20 bucks. Smaller traders like brokerages like Interactive Brokers that charge around a penny per share commission.
9.95 isn't even that much of an impediment if you're doing 200 shares or more. That's only a 10 cent move to cover your round-trip cost.
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