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I don't know much about Echo other than what I have read on this board. Most of the reviews seem very positive. Maybe you can get more buying power if you assure them that you won't take overnight positions. This is what scares firms the most.

Waterwolf, You can find a much better deal on your own. The commissions you quoted seem above average, .01 cent per share is pretty high now a days + they're are many firms that will let you trade with under $7000. I will bet if you made 4 or 5 phone calls you can get a rate that is at least...

Best place to live when you begin trading is with your parents. Keeping your expenses down gives you a greater chance of success and keeps you in the game longer. I wouldn't even worry about state income taxes until you're already established as a trader and profitable.

963, It is possible that your firm is marking up the Attn fees. I have heard of firms only paying .005 for ATTN. There are firms that charge 1.5 cents per share for LSPD even though it only costs them a third of that. Even worse, some firms weren't paying the ECN's at all, and keeping your money.

If the president of the firm needs to invest his time into fabricating false entries in the Broker Review section the firm must suck.

Well I'm glad that we still have more time before this monstrosity comes out. Hopefully it will take months, or even a year, before trading is affected.

Kind of funny. You would imagine that he would be sharp enough not to use his name in the e-mail.

Hans, What do you mean? I trade 10-20,000 shares on ISLD all the time. It is possible that your firm has internal restrictions that prevent you from trading in excess of 10,000 shares.

Hubert, I checked Redwood's website, there is no mention of a Phoenix office. Do they actually have one? Do they have prop? What are their comm. like? thx

I am almost sure there is still an Andover office out there.

Your right...I have noticed fewer LSPD traders doing the Bid/Offer rebate game. I also noticed Trac has been greatly reduced. It was almost impossibe to use SOES with these two around.

Once they have your phone number they will never leave you alone. Some guy named Walter leaves messages on my machine all the time.

LSPD traders were hired to wash stock for tradescape's ECN. If you notice all they do is short stocks and cover at the same price. They receive a $3.50 rebate for every 1000 shares that they move. Tradescape then charges the unlucky victim who hits them $10.00. This illegal activity is so...

It makes me damn happy that they are going out of business. I think everyone who has traded there feels the same. The two brothers should have wore ski masks because they were a pair of thieves. I think Greg goes beyond the point of being a "social misfit". His movements and mannerisms are alien...

I just feel stupid now that I didn't demand to know which charity my violation dollars were going to. I never really gave it much thought but I am starting to wonder if any really went to charity.

Why do you assume that the postings are false? I have read every post and can attest that I have gone through the same experiences as them. I like to remain anonymous. Hold has filed suits against many traders and I don't want them bothering me. You can get an idea of the way they operate by the...

Barry, There are pro's and con's to both, trading as a customer, and prop trading. One major pro for prop trading is many firms give you lower commissions since they share in some of your profits. I don't know if this applies in your case but prop firms also give you increased leverage. If...