Retail Firm

Discussion in 'Retail Brokers' started by excitedtrader, Nov 7, 2002.

  1. I'm looking to open a brokerage account, but I need the following:

    4 to 1 overnight leverage
    The ability to put stops in for NASDAQ stocks
    Per share commissions, not a set fee for x amount of shares.

    Can anyone recommend one. Prop firms can provide me with leverage, and the per share commissions, but not the stops on NASDAQ.
     
  2. ANCHOR

    ANCHOR

  3. No I'm not leaving, but I want to trade my personal account, and I need to be able to use stops. I can't day trade and watch long term positions at the same time.
     
  4. I would actually like to get this info too. I keep my account in an outside brokerage account only cause I can use stops on NASDAQ.
     
  5. Go to TKX securities they specialize in Nasdaq trading and advertise they are to only firm that fills on the next print after your stop is hit. There is a per share rate o 7/10 of a penny with a minimum of $1.50 a order.
     
  6. Do you have a link?
     
  7. alanm

    alanm

  8. IB is the closest I know of, but they don't really offer 4 to 1 margin overnight anymore. You have to be 2-1 from 3:50 to 4:00, so unless you want to double your positions after hours you can't have 4 to 1 overnight. If you know some way around this, I would like to know. That 4 to 1 was great while it lasted, and I would love to have it back.
     
  9. alanm

    alanm

    Oops. You're right about that, Eldredge. Sorry.
     
  10. LA ECHO

    LA ECHO ECHOtrade

    Nasdaq stop orders at ECHO. As well as NYSE stops that are not given to the specialist. 5 to 1 overnight.
     
    #10     Nov 9, 2002