Our ETB list constantly have around 5500 symbols available for shorting immediately and now you can request locates for HTB listed symbols directly via the Hammer platform. If you have in mind some specific symbols or you need some additional information, please send us an email to sales@alaricsecurities.com and we will be glad to assist you further.
@DoctorProfits besides the 5000+ symbols on the ETB list, every morning we load up circa 1000+ HTB symbols for which there are available locates. Those are easily accessible via Hammer where you can see inventory and reserve. Should we run out of available shares, you can send an email to the |TradeSupport and they go out to the market and try to get you more. We are finalziing a new plugin which would replace the need to send an email and request more locates directly from Hammer even when the availability has reached zero. That is coming in soon. Hope this answers your question. Regards!
I created an account with them recently, figured I would share my experience. Opened up an account, got a bunch of documents to fill out and sending over ID information. As soon as I did that I made the deposit. Took about 2 days for the deposit to go through, once that was done I got an email about my new account, did not get the verification email so I could not trade until the following day when they resent it (9-10am seem to be cut off New York time for support, as it's 5pm in Bulgaria), following day got to reset my password. Resetting my password took me to a blank page, so I had to ask what to do next. Still cannot log into my platform as it kept logging me in as demo, got that fixed up. To be honest there was very little help with the process, stuff was kind of just told to me as if I was expected to already know it. And since there is zero documentation anywhere I did not. Margin is completely different than Petar stated earlier. It starts at 1:6 intraday and 1:2 premarket unless you deposit 15k+ then you can immediately get 1:10, at 50k+ you can get 1:15. I guess after a while I can maybe get more, but they never clarified how you move up, there doesn't seem to be any tiers or information on how it works. So the margin is pretty much inline with everyone else, nothing crazy or higher. HAMMER trader is perfect, works for me, I've used it before. Does everything I need it to do, minus a complete equity scanner (scanner only works on stocks in your watchlist). The speed and everything trading wise is fantastic the market data seems great, but it is an extra monthly fee. Overall minus the margin which I thought was higher, Alaric has been a fantastic broker and I would recommend them. A few bumps but they all have bumps.
Lol the leverage and market timings are really mediocre here. Don't know how the platform is. Most props with $2000 capital requirement now allow complete 4am to 8pm access, provide 30x leverage and access to buy locates for HTB from 5am ( been with props for over 2 decades and I already trade with one now so understand the market completely)
Hello, Thank you for your feedback it is much appreciated. We are constantly working to improve our services, we are working to implement a complete FAQ section on our website and add different Help materials. Regarding the leverage for starters is 1:6 intraday for accounts below 15k but this leverage is customizable after we see a little bit of the trading and how the account is managed. Then upon request and review from the Risk Department we can increase the leverage. Regarding the Complete Equity Scanner we will make a request to the developers and check if this can be implemented with the future updates. Regards,
Hi @Petar Gamalov , @Alaric Securities , I am looking to open account with Alaric securities. I have read through your pricing and found that you are charging 400$ / symbol for Blue sheets. This seems rather excesive considering other brokers are not charging this fee. If they are, it can be around 25$. How often are you receiving these FINRA inquiries?
Hi Alaric, thank you for your response. "Blue sheets are formal requests for information sent out by the Securities and Exchange Commission (SEC) to market makers, broker-dealers, and/or clearinghouses. Blue sheets ask for information related to specific securities or transactions—especially those that may have affected the price of the security." If for example you have multiple clients trading the same security (same ticker), you are obliged to provide all transactions of that particular security via Blue sheet to SEC, when such inquiry is raised. In this case, all of Alaric Securities' clients that traded this particular ticker will be billed $400 for the Blue sheet inquiry. Can you confirm my understanding? Thank you