Day Trading under $25k...

Which software version are you using? $85 or $125?

Also, it looks like the $12.95 ticket is really $13.95. They add $1.00 each way for software, in addition to the actual monthly software charge.

So...1000 shares on ARCA is $17.95 each way?!

T.
 
Quote from Ticked:

Which software version are you using? $85 or $125?

Also, it looks like the $12.95 ticket is really $13.95. They add $1.00 each way for software, in addition to the actual monthly software charge.

So...1000 shares on ARCA is $17.95 each way?!

T.
More...

Level 2 is $125.00 per month but I got it waived because of the amount I wired to them. I also have a flat $8.95 per ticket charge +ECN and NASD's fees.

I almost always use INET limits. One liquidity and 2 they are the cheapest.

Once in a while I'll use ARCA if INET doesn't have the liquidity in a specific security.
 
Damn Ebo, for someone that seems to be real negative about this and would never use this firm you sure do post alot. Makes you appear like someone with nothing better to do.

Bottom line is:
#1. I don't want to be held back because of some stupid rule that says I need a certain account value.
#2. There is no other firm (that I am aware of) that will let you day trade as often as you want and give you 4 to 1 margin with less than $25000 in your account.

I pay $9.95 + ECNs. I know our other friends also got that rate by emailing them. If you email them (trading@alldaytraders), they will probably offer you the same. The software quotes is $125 or free if you make 20 trades (10 round trips) a month which is easy to do. I often do 10 in a day.
 
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