PointDirex up today?

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I am back trading today, ( will watching with loaded gun )
thanks to SWS, and their timely transfer of my funds.

PD, charged me $ 80 for the use of Platinum Direct software
after all they put us through, not to mention lost opportunity
in what was a extremely oversold market.
Probably have $30-40 in LD phone call this week.

Jerry Waller told me I would not be charged for my first month
using the software when I signed up in being of month.
I would like to file a complaint with someone about the
whole ordeal, but do not know who to contact ?

They lied to us, they knew last week we would be down all week
but never told us the truth.
 
gbungard, who'd you end up with as a broker and how about fed back--I'm waiting on IB approval.



MB Trading, I was originally going with them several months
ago, opened unfunded account, but for some stupid reason
I went with PD.

They always were very helpful people, answer phone 1-2 rings
everytime I every called.

There software integrates with my qcharts, works great.
Just made 2 trades, execution is better than PD on
NYSE, same on Nasdaq as PD Instantly

They really went above & beyond me get my account up and running today because funds were not transfered until 2:30 pm est. from SWS
They had me up at 10:15am love them

Just 2 trades so far.
 
Wasn't there a thread that discussed the practical implications of the introducing broker's relationship to the trader? Is it not reality that all the risk, etc lies with the clearing firm where the account is held and not with the introducing B/D?

It seems to me that the issue here is that the PD trading platforms are developed and supported by PD so if PD were to go away, then traders would lose access to their trading platforms.

Since their platforms are very strong and their commissions very competitive, I would not be so quick to write them off. Yes it is a huge inconvenience that trading was down for the week there is no doubt. BUt if you liked the platforms and the relationship in general, I don't think it is a risk issue, it is a question of whether you can "forgive" them for the inconvenience.

And BTW the references to them moving to a gift shop are misleading as well. When I traded prop for them, the holding company was a closely held family business with multiple companies and businesses. The space they moved to I believe was already leased corporate space for a related company that became available so they moved there which makes perfectly good business sense.

FWIW I have not traded a prop account for them since 2/03 and have no affiliation with them anymore, I just have some inside awareness that I think is relevant based on previous posts. Obviously each trader should make up their own minds on what they think.
 
Originally posted by DATTrader
Wasn't there a thread that discussed the practical implications of the introducing broker's relationship to the trader? Is it not reality that all the risk, etc lies with the clearing firm where the account is held and not with the introducing B/D?

It seems to me that the issue here is that the PD trading platforms are developed and supported by PD so if PD were to go away, then traders would lose access to their trading platforms.

Since their platforms are very strong and their commissions very competitive, I would not be so quick to write them off. Yes it is a huge inconvenience that trading was down for the week there is no doubt. BUt if you liked the platforms and the relationship in general, I don't think it is a risk issue, it is a question of whether you can "forgive" them for the inconvenience.

And BTW the references to them moving to a gift shop are misleading as well. When I traded prop for them, the holding company was a closely held family business with multiple companies and businesses. The space they moved to I believe was already leased corporate space for a related company that became available so they moved there which makes perfectly good business sense.

FWIW I have not traded a prop account for them since 2/03 and have no affiliation with them anymore, I just have some inside awareness that I think is relevant based on previous posts. Obviously each trader should make up their own minds on what they think.
More...

you must work for them............
 
Dat, good points. However they've done nothing to squash rumors or instill confidence. They talk about enhancements--well brag about them, entice people to stay or even sign up. But for now, if it smells like rotten fish..... I want to see meal first. And get rid of that damn smell. What a turn off.
 
Originally posted by Hubert


you must work for them............
More...

Whatever dude I thought we buried the hatchet. I do not work for them I work for MarketWise which is owned by Terra Nova. I am just stating things from my perspective, things I honestly believe.
 
Went to SunTrust building today to find out what's up with PD, and found out they have been evicted! Also, their President, John Busaka quit in disgust a few weeks ago. Now they are trying to set up shop in the back of their fathers t-shirt shop! No license, no money, shoddy management and a bucket full of lies... be careful of this one gentlemen, cuz this little giant is sounding its death throes, and it sounds a lot like middle eastern shiesters jiggling a butter knife in the almost empty piggy bank!
:confused:
 
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