Trade Wall Street's at .005 shr

Discussion in 'Prop Firms' started by Funny Bunny, Jul 21, 2002.

  1. Check them out with SIPC. If they are members who cares if they are a scam. You will get your money back if they are crooks, catch is you have to wait 2-3 months but for 1/2 a penny, with all things being equal-execution, real direct access. pretty compelling.
  2. Babak


  3. now theres a new way for me to be confused ....

    TWS is short for IB 's trader workstation ...

    also for tradewallstreet :D
  4. Looks like they are a retail firm not prof.
  5. In reality, you gotta wait forever. The SIPC sucks. They get sued all the time.

    TWS is too much.

    I wonder how many shares you have to do to get .0035 base rate. Even without, .006/sh for INCA and ISLD is pretty good, and most of the ECN's are .005 or less, making it .01/sh, right on par with IB.
  6. this penny thing is part of the overall problem. You don't change a mechanism that's been in effect for decades.

    If you must change from fractions to decimals, make the decimals .05

    at a penny, the whole system is in confusing and trouble. alas, look at how the market has performed since it went to a penny.
  7. skynet


    about this firm?
  8. Hi Bungrider.
    SIPC's site says most claims 80-90% gets paid withing 1-3 months. Are you saying that you have experince about someone who didn't get $ around that time frame? Extraordinary circumstances perhaps?

  9. mjt


    Looks like they clear through CCS. I used them once; never cared for them.
    #10     Jul 21, 2002