Is your real account a SIM??
- Thread starter PIZZ
- Start date
Initiate a wire transfer, and find out
Ah, the old "bucket shop" scenario... would make some sense. Here is a definition:
As defined by the U.S. Supreme Court a Bucket shop is "[a]n establishment, nominally for the transaction of a stock exchange business, or business of similar character, but really for the registration of bets, or wagers, usually for small amounts, on the rise or fall of the prices of stocks, grain, oil, etc., there being no transfer or delivery of the stock or commodities nominally dealt in."
It would certainly save a lot of time, money, paper, etc. LOL. Much like using Intrade, right?
And, if things go against the "bucket shop" they just holler to the government to "bail them out" - pretty scary, eh?
Don
As defined by the U.S. Supreme Court a Bucket shop is "[a]n establishment, nominally for the transaction of a stock exchange business, or business of similar character, but really for the registration of bets, or wagers, usually for small amounts, on the rise or fall of the prices of stocks, grain, oil, etc., there being no transfer or delivery of the stock or commodities nominally dealt in."
It would certainly save a lot of time, money, paper, etc. LOL. Much like using Intrade, right?
And, if things go against the "bucket shop" they just holler to the government to "bail them out" - pretty scary, eh?
Don
Here is the thing: As long as you are getting good, realistic fills and you are not overcharged for commission, it doesn't really matter.
If you are losing money, you would lose it anyway, (and you are more valuable for your broker) if you are making money, why does it matter where it comes from?
The problem arises when/if the broker messes with your fills just to give you a disadvantage against them. But without it, I don't see much of a difference...
If you are losing money, you would lose it anyway, (and you are more valuable for your broker) if you are making money, why does it matter where it comes from?
The problem arises when/if the broker messes with your fills just to give you a disadvantage against them. But without it, I don't see much of a difference...
Here is another one: If yuo trade through an exchange and get charged exchange fees then the broker commits a serious crime. Especially in the futures industry this is unlikely.