Retail Firm

[excitedtrader]

I'm looking to open a brokerage account, but I need the following:

4 to 1 overnight leverage
The ability to put stops in for NASDAQ stocks
Per share commissions, not a set fee for x amount of shares.

Can anyone recommend one. Prop firms can provide me with leverage, and the per share commissions, but not the stops on NASDAQ.

 

[ANCHOR]

I thought you worked for Caliber Financial.

http://www.elitetrader.com/vb/showthread.php?threadid=10612

Are you leaving Caliber?

 

[excitedtrader]

Originally posted by ANCHOR
I thought you worked for Caliber Financial.

http://www.elitetrader.com/vb/showthread.php?threadid=10612

Are you leaving Caliber?

No I'm not leaving, but I want to trade my personal account, and I need to be able to use stops. I can't day trade and watch long term positions at the same time.

 

[calibertrader]

I would actually like to get this info too. I keep my account in an outside brokerage account only cause I can use stops on NASDAQ.

 

[trade555]

Go to TKX securities they specialize in Nasdaq trading and advertise they are to only firm that fills on the next print after your stop is hit. There is a per share rate o 7/10 of a penny with a minimum of $1.50 a order.

 

[excitedtrader]

Do you have a link?

 

[alanm]

IB has all of the features you mentioned.

www.interactivebrokers.com

 

[Eldredge]

Quote from alanm:

IB has all of the features you mentioned.

www.interactivebrokers.com

IB is the closest I know of, but they don't really offer 4 to 1 margin overnight anymore. You have to be 2-1 from 3:50 to 4:00, so unless you want to double your positions after hours you can't have 4 to 1 overnight. If you know some way around this, I would like to know. That 4 to 1 was great while it lasted, and I would love to have it back.

 

[alanm]

Oops. You're right about that, Eldredge. Sorry.

 

[LA ECHO]

Nasdaq stop orders at ECHO. As well as NYSE stops that are not given to the specialist. 5 to 1 overnight.