Pointdirex

O

optionsplayer

Let me first emphasize and disclose that I have no agenda or investment banking relationship with this firm. I am always on the lookout for a better deal.

Did any of you guys read this below & does this mean if you trade the DOT to NYSE or ISLD for Nasdaq that your only commission is .005 per share??? This seems pretty sweet.

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Dear Elite Trader Member,

We would like to thank all ET members for their valuable feedback about our products and services. In response, we are now combining our new Direx Platinum v 6.0 with a rock-bottom commission schedule. This new product includes Premium Charting and History, Instant Execution Bullets, NYSE Direct, AMEX Direct, Additional User Defined Hot keys, and FIX API for executions.

New Pricing:
Base Commission: $5 per 1000 shares
SOES: $2 per 1000 shares
Island: FREE
ARCA: $2 per 1000 shares
Trac: $3 per 1000 shares
NTRD: $3 per 1000 shares
BRUT: $5 per 1000 shares
BTRD: $5 per 1000 shares
DORS: $5 per 1000 shares
ATTN: $9 per 1000 shares
NYSE Direct: FREE
NYSE SDOT: FREE
AMEX Direct: FREE
BULLETS: $15 per 1000 shares
Cancels: FREE
SEC FEE: .0000301 x Total Value of Sales

Direx Platinum v 6.0 Software Fee: $39.99
(waived after 100,000 monthly share volume)

Note: all pricing is prorated on a per share basis.
Example: 500 Shares executed on Island will cost $2.50.
1000 Shares executed on ARCA will cost $7.
500 Shares of NYSE Stock executed on NYSE Direct will cost $2.50.
 
Yes, let me clarify. If you trade via NYSE Direct, that is also free. If you trade via AMEX for NYSE or Nasdaq, that is also free.
 
Thank you all for your feedback.

We have been happy with the response we have been getting from all elite trader members, and the buzz regarding NYSE trading.

We invite you all to visit our website, www.pointdirex.com . There you can view our trading platforms, download a free demo, and even open your account online.

You can contact support with any questions you may have.
Phone: 1.866.683.4739 or Email: support@pointdirex.com

Best Regards,

PDSupport
 
Quote from hans130:

Yes, let me clarify. If you trade via NYSE Direct, that is also free. If you trade via AMEX for NYSE or Nasdaq, that is also free.
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Sorry, this maybe a dumb question, but what's NYSE Direct?
How many shares can you send thru it?
And how's the quality of execution compared to sending to NYSE specialists, which we all know sucks.

Thanks.
 
This is the reason I´m opening an acct wit them. (Commissions)
I have had an (email) chat with their customer support and I´m going to open an acct now.

I also like their Platinum software with the use of BULLETS.

BUT BE SURE TO ASK FOR THE ELITE TRADER DEAL SINCE YOU WILL BE SET UP FOR A $5,- FLAT RATE IF YOU DON´T !!!!!
(This is their regular deal):mad:
 
Great firm for stocks. I have used them in the past couple of months and the customer service is good.


They currently switched Broker/Dealers and now option trades have to be EMAILED into the firm before they will execute the order. I used to be able to execute orders from there clearing firm's software platform , CCS trader pro. NO longer.

I hope this changes as Pointdirex has a great product it just has never been a great options player
 
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