Interesting Deal. Thoughts?

J

jazzsax

$2,000 deposit

10:1 or 15:1 intraday

Either 80/20 split, $0.50 per 1000 shares
OR
100%, $1.50 per 1000 shares, lowered with proof of volume

$210 platform fee
$3 fee per day, per ticker symbol traded (strange)

All ECN fees/Rebates flow through

No registration needed (the broker/dealer is in Canada)

Thoughts?
 
let me guess, Questtrade?

- mnx



Quote from jazzsax:

$2,000 deposit

10:1 or 15:1 intraday

Either 80/20 split, $0.50 per 1000 shares
OR
100%, $1.50 per 1000 shares, lowered with proof of volume

$210 platform fee
$3 fee per day, per ticker symbol traded (strange)

All ECN fees/Rebates flow through

No registration needed (the broker/dealer is in Canada)

Thoughts?
More...
 
Quote from jazzsax:

LOL, good guess. Any comments?
More...

If you trade tons of symbols every day it's a rip off obviously... (think 500 symbols x 3$, = 1500$)... that signifigantly increases your commish.

but yeah 80%/ .50/1k is a great deal for most people. That's way better then you'd get at swift (unless you do over 5 million shares per day to make like 10k)

so unless you trade massive volume (5 million shares per day+ or trade insane amounts of symbols each day then this is probably a good deal for you.

WTS may beat that, but they have pretty much zero track record...

1.50$/1000 @ 100% is also a quite good intro rate (going down with higher volume)

cheers!

-mnx
 
Quote from blumartian:

You can make a living with 20-30k intraday buying power?
More...

DOn't k now. I was pointing out that it's an interesting deal.

I've been trading this year with an account that started at 12K, with NO margin and I've taken that up to 35K since january, so really, it's what you do with the cash in the first place.

I would put in more than 2K anyway, but for those people looking for smaller startup costs, the option is there.
 
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