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Hi RT's,
Has anyone used (or using) Preferred Capital Markets, Inc. as
there broker for stock or options trading through their "TRADEOPTIONS" web
site www.tradeoptions.com
The commissions look to be reasonable and I believe real time
snap shot quotes are free. Also the interface between quotes and trades
looks to be very good. It appears from the demo that you can easily create
an option string (list of all puts & calls), get a snap quote, clicking on
the symbol jumps to the order screen and fill in part of the data. You add
the number of contracts/shares and price or "M" for market. Seams to be
very fast with fewer possible errors (typing, autistic, etc.).
Option orders of 10 or fewer contracts at bid, ask, or market are
transmitted electronically, which should be fast. Other orders are sent to
the floor. OTC stocks trade for $7.75 flat for automatic electronic
routing.
The question is how reputable are they? How reliable is their
internet server? Are the orders handled as fast as they indicate and are
confirmations fast? In general, does anyone have any comments, positive or
negative? You can send them to me privately if you prefer.
Thanks in advance and good luck and good trading,
Ray Raffurty
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