I am looking for a broker too. What I need is free trade, no account inactivity fee, high-interest rate for my unused money, level II quote, and the availability of mutual funds, options, currency and commodity. I haven’t found a broker that meets all these criteria. These are some I have come across.
ZECCO: free trade, but that’s about it. They pay a low 1% for free money.
IB: low trading price ( 2$ round trip) if you trade 10 times a month; pay a good rate for unused money; there is, however, an inactivity fee if you trade less than 10 times a month.
MB: seems similar to IB, but there is no inactivity fee; I don’t really understand their pricing though.
