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My first concern with a lot of these guys is who they clear through because
if the clearing firm is not rock solid, the funds on deposit may be in
jeopardy if the broker goes under - there is no such thing as federal
futures account insurance. The CFTC publishes an excel spreadsheet each
quarterly with ratios on all futures clearing firms.
Earl
----- Original Message -----
From: "John Nelson" <trader@xxxxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Thursday, May 24, 2001 9:58 AM
Subject: Re: [RT] $5. Per Round Turn on Commodities and Stock Index Futures
Contracts
>
> I received a mailing from them. I tend not to trust anything that is
> marketed to retail traders (and presumably if it arrives in the mail it is
> being mass marketed). Now is probably a good time to scoop up trading
> addicts who got burned in the stock market and are looking for high-octane
> thrills.
>
> I would be interested in hearing about these guys as well as other low
> cost order entry firms.
>
> -- John
>
> On Mon, 21 May 2001, Randy Barlow wrote:
>
> > Has anyone checked out www.5perside.com They are offering a flat $5.00
> > per side on Commodities and Stock Index Futures Contracts. On line
> > trading with live quotes comming. No minimum account size or number of
> > trades. Is this legit or a rip-off?
>
> --
>
> __________________________________________________________
>
> John T. Nelson | John's Trading Journal
> trader@xxxxxxxxxxxxxxx | http://trader.computation.org/
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