I am not quite sure what you mean by "trading on credit"....but I do know one thing.... MB Trading and all the Terra Nova affiliates, Block Trading, Castle Securities, Dina Securities, Cornerstone Securities, Landmark Securities, even non-daytrading firms like Datek Online, Web Street Securites, and DLJ Direct ALL allow you to trade the day after they receive your check... CyberBroker is the very FIRST firm that I have ever worked with that has refused to credit buying power upon receipt of a personal check... To me, that is almost insulting, not to mention inconvenient.
All I want is an explanation... Why does CyberBroker penalize traders for wanting to write personal checks when EVERY trading firm that I know of doesn't seem to have a problem with it? |
