Exro - Going to stop trading, but has a nice setup right now. I recently switched to a tiered account from a fixed with IBKR. The fees were never the best with EXRO even on fixed account. Now, not only can I not really take advantage of ECN rebates with EXRO, since its a Canadian stock , but ECNs rates for Canuck stocks are much less favorable. So due to trading fees not being favorable , I am taking this one off the watchlist. However, as a last publication regarding EXRO , looks like a pretty nice entry here...
ECN's if your wondering are electronic communication networks and they are basically stock purchase lineups that have varying perks , some pay you to remove liquidity and some pay you to add it , but used correctly you can save $$ on your trading ( if your broker caters to this service ) , or if your a larger trader and or trading a less liquid name , you can also use them to get a much faster fill and literally jump the line so to speak ( to do this you also would need Level 2 and to practice your ECN's with flashcards ect ect ) ...
If your into jumping the line , probably best to trade with a fixed account , personally I like to use tiered account now because I am typically trading pretty liquid names and I can usually get fills through EDGEA/BYX for my market orders and ISLAND/BATS for my limit , which have pretty good rebates vs their peers , for me atleast ....
