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CPTMatt

07/21/04 12:21 PM

#116236 RE: fusionz #116234

Well, I use Freetrade now, but I started out with atrade when I didn't have much $$ and got Apex. So I use Apex stuff, but trade with Freetrade. I think the fills are ok.

What direct access broker charges $11 com?
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Omnitrader

07/21/04 12:36 PM

#116244 RE: fusionz #116234

Direct access: things to keep in mind you need 25k min in your account

Your strategy will change because commissions are a lot higher and you will have to buy bigger blocks to offset commissions, you will have the opportunity to lose your money faster if your wrong instead of having an account like freetrade where u can average into a stock with no commission worries.

And just because you uses direct access your still not guaranteed a fill. (For pennies)

Also when you want to spar with a stock you definitely need a freetrade account. (testing the stock out) U can use more strategies.


Just things to keep in mind

There are pros and cons to both sides.

It boils down to your experience level.