Anyone has experience with DeepDiscountTrading.com ?

Quote from Swan Noir:

Still working fine for me and some friends of mine.
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Interactive Brokers itself has said they have stopped the automatic sweeps from accounts and changed their website, and the other members on that thread confirm this. Are you stating that your account is somehow treated different than everyone else, and contrary to IB’s own employees?

Also you may have missed my post on there where the SIPC said they don’t plan on covering the cash in your securities account if they happen to decide you don’t trade enough securities in relation to your futures activity.
 
Can you tell me what part of the IB site has changed to reflect this change? If it turns out that I need to do a number of SPY or other trades to squeeze in under the SIPC umbrella I will do that.

Since I keep a much smaller amount of money -- which I regard "at risk" from a counter party standpoint -- at a firm with very low intraday margins and I trade very little at IB it will not be hard for me to qualify as primarily a securities trader.

Please forward a link or a description of where I should look on the IB site.

Quote from opt789:

Interactive Brokers itself has said they have stopped the automatic sweeps from accounts and changed their website, and the other members on that thread confirm this. Are you stating that your account is somehow treated different than everyone else, and contrary to IB’s own employees?

Also you may have missed my post on there where the SIPC said they don’t plan on covering the cash in your securities account if they happen to decide you don’t trade enough securities in relation to your futures activity.
More...
 
Quote from Swan Noir:

Can you tell me what part of the IB site has changed to reflect this change? If it turns out that I need to do a number of SPY or other trades to squeeze in under the SIPC umbrella I will do that.

Since I keep a much smaller amount of money -- which I regard "at risk" from a counter party standpoint -- at a firm with very low intraday margins and I trade very little at IB it will not be hard for me to qualify as primarily a securities trader.

Please forward a link or a description of where I should look on the IB site.
More...
I have no idea what we need to do to qualify our excess funds in the securities side being included with SIPC, but I would assume if you do a few trades they would have a hard time denying it but until it happens we will never know. That is why I have my excess funds in an FDIC account with TDA/thinkorswim, so I don’t have to worry about the SIPC for that.

The references to IB’s site are in the thread I referenced, there is a link on the first page of it.
 
Generic Trade is a discount futures broker that offers a $1.17 per side, anybody here uses them?, comments?
 
Quote from srq:

Generic Trade is a discount futures broker that offers a $1.17 per side, anybody here uses them?, comments?
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Where did you get that "$1.17 per side" nonsense from?

The website says they charge "59¢ commission per trade".

Add in fees of $1.16 a side and ES/NQ/YM are $1.75 a side.
 
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