I have been inundated with Private Messages
Mainly from fellow MB Traders, some Cyber Traders, Castle traders and other Terra Nova firms asking me for the name and web page of the brokerage firm. Before posting the name of the firm, I want to give other firms time to act accordingly and reduce their commissions.
Contact your firms and see if they will reduce their commissions this week to become competitive. They will understand the consequences in their pocket books if they lose their customers.
I knew cheaper SOES commissions were going to happen sooner or later. The firms that act the quickest will attract the largest customer base. Those who react last will not make it cause they will have to attract customers already benefiting from the reduced rates.
The goal of this firm is not only to attract customers from
other SOES firms, but also from Datek, Ameritrade, SureTrade, etc.
The Real Tic III/S&P Comstock firm I emailed said their SOES commissions of $10.50/trade are too expensive and they will be lowering them. So if anyone is going to survive, it will be the SOES firm who has the lowest commissions first. Unless other firms react
accordingly.
I would like to see all firms retain their current customers
by having the same commission rates. Then it becomes a battle
of who has the best software and service.
I'll give MB trading a few days to change their commissions,
otherwise, I'm leaving this week and then I'll post the name of the firm for those interested.
Bo
|
