$5.00 Per trade

Their Virtual-Day TraderPRO Level II is only $265 per month.
That ought to make up for their $5 commissions. Company is
an off-shoot of Good ol' Speedtrader.

At least they have come down in price. I think they used to
charge about $15 didn't they? They are even registered in
21 states! Wow!

Extra bonus for high volume traders! And the charts are
fantastic. Top of the line. (NOT) They have no telephone. They
have no office. They don't advertise. You must send money
by wire. To their offshore account... :) No, actually they
look like they are in San Francisco, CA.

No IRA accounts. Looks like the same software Speedtrader
has had for years. I wonder why they don't upgrade it at
least once in awhile? Virtual Daytrader is a scaled down
version of Speedtrader.

On one of their wiring pages they have an address where you
can send a check. Hmmmmm. Contradiction? And you can fax
or mail for funds? I thought they said they were an email
outfit only? $2000 minimum to open an account. I guess you
need this amount to use margin. I guess you get your
confirmations by email. Doesn't mention this anywhere.

Nice. I can't even get to the bottom of the margin info page.
They say they can change margin requirements at any time
and liquidate your account without warning! Great! Best not
do any long term trading with these guys.

My first impression. These guys are spooky.

:eek:
 
Whatever you think of it (and actually I think what Rigel thinks), the post is in the wrong forum. There is a forum "Direct Access (retail)" for this.
 
Now be fair, check out all the posts from this individual before making a judg...oh...

:lol:

Well, I hope I'm not wrong, but the software looks like the one I know under the name of "EXP-Trader" - I used to be with www.daytradeaustria.com for a while (no spam, I don't think there are too many from Austria on the Board :D ).

Overall I was very satiesfied (especially with the german speaking service) - but I found the Charts very weak !

Harry
 
is there any other daytrading brokerage out there that charges $5 or less?

The only one that I'm aware of would be IB, assuming you're trading in lots of 500 shares or less.
 
4 dollars plus-

ISLAND adding liquidity FREE
ISLAND taking liquidity away $0.0025 debit per share
INCA Direct (Watcher only) $0.01 per share
ARCA Direct $0.005 per share
REDI Direct (Watcher only) $0.005 per share
BRUT Direct (Watcher only) $0.005 per share
NTRD Direct (Watcher only) $0.005 per share
DOT & PERS (Listed) $0.005 per share
SelectNet $0.90 per trade
SelectNet Cancels $0.25 per trade
INCA via SelectNet $0.015 per share
SuperSOES $0.10 per trade + $0.001 per share
SuperSOES Cancels $0.25 per trade

-qwik
 
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