Has anyone any experience with this Broker they offer very low daytrading margins and a $6.50 round turn commision and only $2500 minimum to open an account. There site is www.daytrade4less.com Thanks Scouse
This looks too much like one of their junk mail I get from them all the time. I hope you don't work for them.... IMHO these low margins attract exactly the type of trader that can least afford to use this kind of leverage. But to each his own I guess. Good luck if you need that kind of margin. You'll need it.
When I phoned them I just said I had an IB account and that is the rate they offered me $6.5. I think if you did a lot of volume they would probably reduce that rate. I currently have an IB account but I hate there customer services.
I noticed you asked the same question in another thread. Those rates aren't that great. Not terrible, but not great. Interactive Brokers offers $2.40 per side. $2000 minimum. Global requires $5000 if you want J-trader. IB offers $2000 intraday margin for ES, although I assume you quoted the overnight margin. Yes, yes, I know, too much margin is a dangerous thing. It never hurts to have double or triple the exchange minimum margin. I don't like brokers that don't quote their commissions on their websites, although that seems to be increasingly common. I'm not bashing these guys, just countering what seems to be a plug. Does anyone have any experience with J-trader? I know its available at various firms. BTW-I couldn't get their J-trader demo to work, but that could be my computer. Snake
I am not spamming, I have got an IB account, and had a lot of trouble with customer service over a trade which disapeared from my account and was looking for an alternative at about the same commision level. I can guarantee you I have no connection with this company, I just wanted some feed back from anyone else who had used them that is all!!!! If you can suggest an alternative to IB, I will be more than glad to listen