I had an ICHOICE account I traded with Morgan Stanly Dean Whitter. Put of $50,000 pay a small fee and no commissions.... well I soon was cut off from trading as I was too active for them Robert
I did a little more research on this and apologize for the confusion. Yes, you are all somewhat correct. I have found that they will shut you down if you are making 15 or more trades a day. IT could still be to a traders benefit yet is is definately not as attractive as they made it out to be. Cheers, Comp
That's still a great deal. For a $50K account: 15/day * ~60 days/quarter = ~900 trades/quarter Assuming 1000 share trades at IB at $7.50 = $6750 commish $50K * 1.5% = $750 at ML/MWD/whoever $6000 savings per quarter - more if you are trading size. Sounds like a good deal for swing traders.
instaquote vs IB/TS Any feedback with regard to these competing platforms? Strengths / weaknesses ---- execution, reliability, features etc Thanks!
Can I trust Tradestation company with more than $10K in one account? Please compare with E*Trade, Ameri*Trade etc. I'd like to transfer my IRA. Because many of them starts to charge many expensive fees, which are countering the trend of the industry. I asked Tradestation in another thread. But no agent or fan replied. Thanks very much.
Stocks: All money held by Bear Stearns. Futures: All money held by Lind-Waldock (A Division of Refco). www.bearstearns.com www.lind-waldock.com