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Strategies & Market Trends : Trading For A Living -- Ignore unavailable to you. Want to Upgrade?


To: Colin Cody who wrote (584)6/27/1998 9:56:00 PM
From: Eric P  Read Replies (1) | Respond to of 1729
 
Colin:

At Castle, I believe the $19.95 commissions cover up to 5000 shares. If you get filled in multiple partials within five minutes you are charges only one commission. Although recently, they have begun to charge $1 additional for each partial beyond the first.

I don't trade BB stocks, and don't know if Castle supports them or not. As far as I know, the charge the same $19.95 commission regardless of the exchange or type of order and with the same 5000 share limit.

I don't believe they have GTC orders, although they have 'day' orders. I assume if you want to leave an order in for two weeks that you would need to re-enter the order every morning (?).

Castle does offer Level II quotes with their 'KillKey' software for a cost of $150/mo. This fee is waived for certain monthly volume. Also, their minimum account size is now $10k to open an account, although I think it would be difficult to successfully daytrade with that amount.

Check out their web site for more information.

castleonline.com

Good Luck,
-Eric