Hafez, that isn't true. There are many different clearing situations and there is an old saying that goes "you get what you pay for". Don uses GS, who provides a lot of value as does his firm in ways professional need. WTS has dirt cheap commissions but you pay for it in other ways like poor customer service. Often, it's a lot more than just commission rates to the equation.
Bright now accepting Series 56
- Thread starter Don Bright
- Start date
evo I got great customer service and in over 1/2 a decade of trading with this outfit I've never had a problem and saved millions of dollars in commissions over bright so tell me were I have gone wrong. I Know bright clears gs and there the greatest and can short a stk here and there I can't and can probably do some sophisticated combo margin trades I can't but the bottom line is my bank account is millions of dollars fatter than if I had been using bright and that's what counts in the end. as I recall wts has all kinds of bs fees were I have none. to each his on but there are great firms out there much cheaper than bright and would save many people huge money
This is only true of the a few of the "secondary" type firms (the rebate traders who tell you what stocks to trade for example).
We pay for every share traded.
All the best,
Don
We allow 30 to one for hedged positions overnight, and our traders seem to love it.
Don
Al Bundy.....shoe salesman.
