Registered: Jun 2002
Posts: 61

anyone here use SpeedTrader? I'm considering them, and want some feedback from other traders. In particular, has anyone here used their api to run a black box system?

Registered: Jun 2002
Posts: 61

SpeedTrader or Genesis? who would you trade with, and why?

Registered: May 2004
Posts: 611

Speed Trader for sure. An all in one application to trade anything. I've used them for over 2 years now. I've used the DAS Trader software for over 5 years now. Great rate that can be negotiated down based on cash balance. They also pay currently 4.25% on cash balances. Another good reason to use them.

Registered: Nov 2001
Posts: 40

I asked Speedtrader about Genesis today. They told me they can beat Genesis rates for anyone. Also they told me that there nasdaq connection is 5x times faster then Genesis ping time. They said they host servers in nasdaq's colocation.

5x faster, and better rates.

Genesis face after they read this

Registered: Sep 2006
Posts: 55

If you trade more than 1500 per month, that looks low comission,

Equity Trades Plan A

$2.95 per trade @ 1500+ trades per month
$5.95 per trade @ 1000-1499 trades per month
$7.95 per trade from 400-999 trades per month
$9.95 per trade from 1-399 trades per month

http://www.speedtrader.com/margins_commissions.php

But If you trade more than 1500 per month,you must trade around 70 per day.
So normally the comission for myself will be $9.95.
That is so expensive if compared with others low comission brokers.

Registered: Nov 2001
Posts: 40

Thats the sticker price. You can neg.
Most brokers is the same way car, boat, house, stock, futures, forex. If you don't neg. they you should pay the higher price.

It doesn't make a differents what's on the website if they are willing beat the competitions price.

on the link below:
We will do our best to to beat or match any of our competition.
http://www.speedtrader.com/gettingstarted_brokers.php

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