Buyer Beware: Tradestation will flag you as a professional if you don't use gmail, yahoo, etc

Discussion in 'Retail Brokers' started by gaussian, Nov 28, 2018.

  1. gaussian

    gaussian

    I have already filed a complaint with FINRA and am going to change brokers. Their data integrity team seems unwilling to cooperate.
     
    #11     Nov 28, 2018
  2. Why do you think tradestation is where it is today? They have close to zero broker overhead because they are selling order flow, their software is as inflexible as was 10 years ago. You should thank them actually that their stupidity kept you from advancing your relationship with them.

     
    Last edited: Nov 28, 2018
    #12     Nov 28, 2018
    PoundTheRock and murray t turtle like this.
  3. gaussian

    gaussian

    What retail broker isn't selling order flow? I thought that was basically standard practice.
     
    #13     Nov 28, 2018
  4. Care to explain why? Whats the school's stinky business to decide which email domain you are using? Some things are just so third world in the US.

     
    #14     Nov 28, 2018
    d08 likes this.
  5. There are a number who don't. To my knowledge Robert Morse's does not neither does IB, Pepperstone and a number others.

     
    #15     Nov 28, 2018
    d08 likes this.
  6. Robert Morse

    Robert Morse Sponsor

    I had to look that one up.
     
    #16     Nov 28, 2018
  7. Overnight

    Overnight

    That is total crap, I agree. One question I have though is...Why not just set up a public domain email and use it just for them?

    What is the reason you cannot use a public-domain e-mail addy?

    I realize you are changing brokers, but just curious...
     
    #17     Nov 28, 2018
  8. gaussian

    gaussian

    Public email services aren't actually free. They sell your data to advertisers. Email accounts hold all sorts of tasty morsels of information for advertisers. For the privacy conscious person a self hosted domain and email is the only way to go. If you don't control your data, someone you don't want to does almost certainly.
     
    #18     Nov 28, 2018
    murray t turtle and sle like this.
  9. comagnum

    comagnum

    The NYSE is behind this like Robert had said, they do their own investigations. According to a TS posting by one of their staff: if you got flagged as a pro it is because the NYSE found that you have some kind of link with a LLC/Corp, or have accessed research from them that they deem as being for professionals.
     
    #19     Nov 28, 2018
  10. A pretty respected shop for a number cash fx traders I know (I use them as backup and for smaller size, only) . Flexible commission for large volume, very good fx liquidity pools that are customizable and exhibit tight spreads, a solid api and infrastructure and responsible support staff. Can't speak for their other services. But I know they don't sell order flow in equities.

     
    #20     Nov 28, 2018