The "daily Call" From Option Alpha: Options Trading | Stock Options | Stock Trading | Trading Online

Hey everyone. This is Kirk here again from Option Alpha and welcome back to the daily call. Today, we’re going to answer the question, “Can you negotiate a broker’s fee?” The answer to this question is a 100% yes. You can and you should try to negotiate your broker fee. Do not take the broker fee at face value. In fact, many people for many different brokers have the ability to negotiate their fees lower and a lot of people actually do negotiate their fees, sometimes drastically lower than what the broker might typically say that they charge as a commission on their public-facing website. I think the idea here is that we don’t think that we have the power as regular traders, regular people I guess to go to a big brokerage or to a big investment company and say, “Hey, look. I’m willing to move some money over here and to use your platform in exchange for a reduced fee.” or in some cases, waving fees for some types of trades or products completely. Again, there are so many different things you can do here if yo