Replies to post #37 on brokerage accounts

[Omnitrader]

just remember to go direct acess you must have 25k to trade. I would say u need at least 30 k. if you dont your stuck.

[npoz]

Fusionz: I went direct access for a bit

My broker was NobleTrading. I was able to do it with 8k. Though the software was $150 a month to rent. Fills were usually very good, I could only use gnet for otc stocks though. The commission was never more than $25. Island was great and cheap for nasdaqs, before they got bought out or whatever. I paid 11$ commission per trade all together. However I stopped using it and now use lowtrades. The amount of money I trade is not worth using direct access to me. I stopped using it around september of last year, I am not sure if there is a minmum cash requirement to use it now, as Omni noted there seems to be now.

npoz

[excel]

Fuzionz. I agree. Fills sometimes can be very frustrating. That stock you tried too sell at 1.70, was that a nasdaq stock or OTC nasdaq stock? Was that at the bid?
If I'm selling at the bid which I try not to except in situations where it calls for it I use to call ameritrade. Their answer would be it's an otc stock they can do anything they want including letting it sit there. So I ask them to at least call the floor and reflect the trade. This has always worked for me. Now in fast moving stocks like wnmi was that's surely when that direct access like mytrack comes in handy. You get stuck in line with ameritrade/freetrade. I'm hoping to maybe find something else but we'll see.