Point Direx

[DATTrader]

Originally posted by hrifraf
I have been using PD Level 1 for a couple of months. This was my first Direct Access broker, and I felt that the product was merely average. Orders seemed to go through reasonably well, but I could not claim to have "lightning response" as some other users have described.

That's because you use Level 1 while we use Platinum. While Level 1 is a great product compared to other Level 1 type products, it does not compare to Platinum in its functionality and order execution capabilities.

 

[mrbud]

I agree. So far I love Platinum. Simple, yet solid and fast.
Only complaint is the printable reports. No detail of ecn fees etc.

Plenty of potential.

 

[hans130]

Hey guys check this out. Awesome!!! They now have a maximum fee of 11.99.

http://www.pointdirex.com/live/en/ns/html/feeschedule.htm

Also they have made changes in the DirexNet in the Fees tab. It also has the ECN charges.

Hans

 

[mike s]

Originally posted by hans130
Hey guys check this out. Awesome!!! They now have a maximum fee of 11.99.

http://www.pointdirex.com/live/en/ns/html/feeschedule.htm

Also they have made changes in the DirexNet in the Fees tab. It also has the ECN charges.

Hans

Cool....gettin' better.

I also just downloaded the new version of Platinum.

 

[bungrider]

question - the fee sched for platinum is based on daily - not monthly - volume? i.e. i need to do over 100k shares per day to get the 0.005 naz base rate (plus whatever ECN i use)??

and for listed, there is an extra 0.005/share fee on top of your base fee - so for most people, 0.006/share plus 0.005/share for listed?

thx

 

[mike s]

Originally posted by bungrider
question - the fee sched for platinum is based on daily - not monthly - volume? i.e. i need to do over 100k shares per day to get the 0.005 naz base rate (plus whatever ECN i use)??

Daily is correct but the share volume for .005 is 75k. So at best, with ISLD, you would be paying .0075 per share. The most, with ISLD, would be .0095 per share. Plus all trades, OTC or Listed now have an 11.99 max per trade if you're doing size.

Originally posted by bungrider


and for listed, there is an extra 0.005/share fee on top of your base fee - so for most people, 0.006/share plus 0.005/share for listed?

thx

Yep, (if you go through the NYSE) except the rate for under 25k per day is .007 per share so you could pay as much as .012 per share on listed with an 11.99 cap.
The only listed I play are the Q's and I use ISLD for that so it's a max of .0095 per share.

I've only been with them for less than two months but it's workin' for me so far.