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Mark,
If the brokerage isn't a Level II firm then no online broker can compete.
$80 RT plus .01 a share??? Stay very far away from them, if this is the
case. Here is a link for Level II firms,
www.investorlinks.com/broker-daytrading.html
I've been with AB Watley for almost a year now. Very happy with them.
Trade Well,
Joe Frabosilio
Mark Jackson wrote:
> I am interested in hearing from people that have used several
> different
> brokers for equity trading. Everybody is trying to sell "speed of
> execution". Some claim that they don't accept payment for order flow
> and therefore don't have to take the time to select how they route
> orders. Those guys usually charge an extra $.01/share plus having
> slightly higher base fees per order. The net is that an order with
> Datek that costs me less than $20 round-trip costs over $80 with them.
> Datek's back office looks to be a little sloppy to me which is a
> concern. But as far as speed is concerned. How much faster than 5 to
> 10 seconds for a market order on a listed security can you get? I'm
> particularly interested in getting feedback from anyone that has used
> Tradeportal.com. Thanks Mark
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