Comission and Bullet Rates

Quote from mm2002:

i think bright/echo gives you around 2.5 cents/share

while lynx can rip you off as high as 4.0! cents per share,
they see it as the tuition you should pay to learn.
oh and dont forget their minimum of 500 shares
per bullet. so if you are new to trading, good luck
trading there. they will win most of the time, like
vegas while you wont. period.

when you interview at these firms ask if they have
any minimums, if they do go elsewhere. there are 1000
daytrading firms out there, most have NO minimums.
why should beginners pay for 500 share bulelts when
they should only trade at most 200 shares while learning.
no common sense there.

mm
More...

completely agree. more people should read this. anyone reasonale paying close to .01 in this market is an idiot, regardless of capitalization etc.
 
what's the lowest bullet rate around?

also, would advise everyone who scalps to doublecheck their accounts/runs. my friend was at a shop where they slipped in extra charges here and there in peoples accounts.
 
samba

Are you going for the record of consecutive posts on a thread ???
Oops.... I just broke the string.

Also, Wookie (I run a LLC out of andover 420 LEX.......) are you kidding with this post ????? If you get free advertising .....don't blow it and post a ridiculous deal like that !!!

:confused:

Banker
 
Quote from BankerBlueChips:

(I run a LLC out of andover 420 LEX.......) are you kidding with this post ????? If you get free advertising .....don't blow it and post a ridiculous deal like that !!!
More...

No surprise there on the free advertising. I noticed Zboy shut you down today on another thread.
 
Quote from BankerBlueChips:

samba

Are you going for the record of consecutive posts on a thread ???
Oops.... I just broke the string.

Also, Wookie (I run a LLC out of andover 420 LEX.......) are you kidding with this post ????? If you get free advertising .....don't blow it and post a ridiculous deal like that !!!

:confused:

Banker
More...

yea, damm! i was just going through all the old posts. funny wookie would post a deal like that with all the info here.
 
We would like to thank all ET members for there feedback. In response, we offer our new exclusive offer for all EliteTrader.com Members, which is available with the recently released Direx Platinum v 6.0 (which includes Premium Charting & History)

Base Commission: $5 per 1000 shares
SOES: $2 per 1000 shares
Island: FREE
ARCA: $2 per 1000 shares
Trac: $3 per 1000 shares
NTRD: $3 per 1000 shares
BRUT $5 per 1000 shares
BTRD $5 per 1000 shares
DORS: $5 per 1000 shares
ATTN: $9 per 1000 shares
NYSE Direct FREE
NYSE SDOT FREE
AMEX Direct FREE
BULLETS $15 per 1000 shares
Cancels FREE
SEC FEE .0000301 x Total Value of Sales

Direx Platinum v 6.0 Software Fee (includes Premium Charting):
$39.99, waived after 100,000 monthly share volume.

Note: all pricing is prorated on a per share basis.
Example: 500 Shares executed on Island will cost $2.50.
1000 Shares executed on ARCA will cost $7.
500 Shares of NYSE Stock executed on NYSE Direct will cost $2.50.

For high volume traders please call for special pricing.

Please contact Customer Support with any questions at 1.866.68.DIREX or send us an e-mail at support@pointdirex.com

Sincerely,

Customer Support
 
Quote from PDSupport:


Note: all pricing is prorated on a per share basis.
Example:...
500 Shares of NYSE Stock executed on NYSE Direct will cost $2.50.
...
More...
What will 100 shares on NYSE cost?

nitro
 
Quote from PDSupport:

Base Commission: $5 per 1000 shares
NYSE Direct FREE
NYSE SDOT FREE

Cost: $.50
More...
Got it. So there are no minimums....


nitro
 
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