Sogo Invest, - New King of Brokers - $1.5 for 5000 shares

Discussion in 'Retail Brokers' started by qll, Jul 12, 2006.

  1. qll

    qll

    i don't know how you guys calculate.
    even if you buy 50k shares, you can put them into 10 orders of 5000 each and get $15 for 50k shares. that is dirty cheap.

    i am testing their service now. emailed them this afternoon. no reply yet after 6 hours. too slow.
     
    #11     Jul 12, 2006
  2. mc312

    mc312

    I think your PDF reader is too old. I was able to open the files without any problems. The PDF version is 7.77.
     
    #12     Jul 12, 2006
  3. In case you haven't noticed, with no spreads, the intrinsic value of a trade is about .0000001.
     
    #13     Jul 12, 2006
  4. Competition is a good thing.

    Hopefully they are a good broker.
     
    #14     Jul 12, 2006
  5. thye charge $10 to send you a check. also they charge $15 a month for the $1.50 trades. several brokers like rml are $3 a trade so unless you do 10 or more trades amonth not worth it. personally i'd wait about 6 months till they work all the kinks out of it
     
    #15     Jul 12, 2006
  6. qll

    qll

    not my problem. they fixed them now. they were not working in the afternoon, but in evening all are ok.
     
    #16     Jul 12, 2006
  7. qll

    qll

    http://rmltrading.com/software/details.php?platform=realtickpreferredbroker
    says 0 - 1000 $4.95

    are you talking a different rml?
     
    #17     Jul 12, 2006
  8. ask and you shall recieve my son. everythings negotiable and they'll do $2.99 a trade. now with genesis at $1.50 they might do $2
     
    #18     Jul 12, 2006
  9. qll

    qll

    today, i emailed my current broker to do a partial transfer out. they said "
    Please have the other broker initiate the partial transfer. However,
    perhaps you can let us know why you are transferring part of your
    account. We certainly do not wish to lose your business. Please tell us how
    we may keep your valuable business. If there is anything else we may do, please let us
    know. We do not wish to lose part of your account.
    "

    Do you think they are trying to LOWER or MATCH the commissions?
     
    #19     Jul 12, 2006
  10. qll

    qll

    #20     Jul 17, 2006