JP
JP
We are having some small system technical difficulties this morning. We greatly apologize for this. Our programmers are working furiously on this and will have everything resolved in a few minutes. You will need to close the entire system and log-in once again in order to view the properly working platform.
Thank you for your understanding.
Steve T.
Owner
quote:
Originally posted by KiddyCat:
what worst is i cant even trade today, lowtrades doesnt work! i have had numerous problems with them.
You're not alone..I've seen at least 3 or 4 people on this board that switched to Choicetrade or Freetrades because of Lowtrades problems..
Marty
with lowtrades, you have to wait untill next day b4 you can make another round-trip trade.
[This message has been edited by KiddyCat (edited December 31, 2004).]
Marty
quote:
Originally posted by KiddyCat:
Phoenix, do you know if freetrade and choicetrade let you have immediate access to your funds? In other words does it let you trade in and out as many times in a day as you want?with lowtrades, you have to wait untill next day b4 you can make another round-trip trade.
I dont know exactly. I've heard people claim that choicetrade lets you trade in a cash account as many times as you want. How do they get around the free-ride rule though? I meant to call them back and ask the guy what he found out in answer to that very question. I dont know much about Freetrades except that you need $5000 and 2 years of stock trading experience before you can use them.
I know, used to be a broker.
quote:
Originally posted by Steve T:
Dear MicrocapTrade Users,We are having some small system technical difficulties this morning. We greatly apologize for this. Our programmers are working furiously on this and will have everything resolved in a few minutes. You will need to close the entire system and log-in once again in order to view the properly working platform.
Thank you for your understanding.
Steve T.
Owner
Thanks for the notices/quick support!
quote:
Originally posted by Repoman75:
If you don't use margin, the free ride, as you call it, doesn't apply. Cash trades do not need to wait 3 days to settle.I know, used to be a broker.
Uhh, I thought you *had to have* a margin account to stop free rides from occurring. With a Scottrade cash account, If I buy $1000 of Stock A on Monday, sell it Monday, buy $1000 of stock B on Monday, sell it Monday, I get my money back. But if I dont deposit funds to cover Stock A's sell BEFORE THURSDAY, I've committed a free-ride violation. How does Choicetrade get around doing that?
EDIT: With a Scottrade margin account, I can trade as many times as I want without worrying about free rides, and always get my money back after each trade. But if I make more than 3 round trip trades in 4 business days, they classify you as a daytrader and you have to deposit $25,000 or you lose your margin account and have to go back to cash.
[This message has been edited by Phoenixx (edited December 31, 2004).]