REFCO commission rates

Discussion in 'Retail Brokers' started by saxon, Dec 10, 2003.

  1. lol dont you love these guys? total arrogance.

    They're still living in the 90's. Wonder how many accounts they'll lose before they figure out it's all about full disclosure, and competitive rates.
     
    #11     Dec 12, 2003
  2. saxon

    saxon

    I still think the IB/Refco combo is a good idea in case of emergency. Suppose, for example, the whole US internet where to go down (terrorist attack or something). Presumably, if the telephones were still working, I could get on the phone and lay off my futures positions with pit traded contracts.

    Just an experiment, sort of. I would certainly continue to do 99% of my trading through IB. But with all those IB outages lately, it seems like a good idea to have a back-up broker.

    sax
     
    #12     Dec 12, 2003
  3. I would say that your methodology using REFCO as a back up is SPOT ON!

    :p
     
    #13     Dec 13, 2003
  4. i don't think they really want retail accounts. they will be happy to refer you to an ib who'll handle you i'm sure. they also clear (or used to) for some prop futures outfits and may refer you in that direction if you ask them to.
     
    #14     Dec 13, 2003
  5. Ebo

    Ebo

    Try their retail arm:


    http://www.lind-waldock.com/


    They can be accessed through a variety of platforms.
    Commissions are also negotiable depending on volume.
    I have had no problems with them as a backup broker.


    ebo
     
    #15     Dec 13, 2003
  6. One can also get the Gartman letter, Energy updates and Precious Metals daily from them . These have daily pivots , S1, and R1 already calculated for you , along with trade recommendations.

    Casey
     
    #16     Dec 13, 2003