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Non-Tech : MB TRADING -- Ignore unavailable to you. Want to Upgrade?

To: rodney beasley who wrote (3762)	2/7/1999 4:36:00 PM
From: whuffo	Respond to of 7382

www.harbor.net I have no personal knowledge of this type of firm but this is one of the ones that provides it's members 10:1.

To: rodney beasley who wrote (3762)	2/7/1999 4:38:00 PM
From: Bucky Katt	Read Replies (1) \| Respond to of 7382

There are all kinds of them. Try Harbor Securities, as one example. 25k will get you 250k, 100k gets a mil, etc. They take 1% of a gain. They are all good if you are a good trader. Start losing capital, and they cut you off....They want your finger prints too..... harborsecurities.com

To: rodney beasley who wrote (3762)	2/7/1999 8:19:00 PM
From: Shafik Habal	Respond to of 7382

Numerous firms out there provide 10:1 margin. I would strongly discourage that kind of leverage though unless you have been trading for quite some time. Genreally, these firms do take precautions to limit traders from getting too heavily underwater in their positions. Essentially, when one opens an account, you are becoming a "member" of the firm, and as such, will be using professinal margin rates. Some of these supermargin firms do require 1% of profits to be redirected from your account into the 'general partnership' of the firm. The following are some firms that you can inquire about: harborsecurities.com ( I think there are two companies that came out of the original Harbor, one is called Harbor Remote, located in San Francisco and the other is called Harbor Securities, located in NY...each is a separate entity with different ownership now) or vbsecurities.com or schoenfeld securites (don't recall their URL). I suggest thoroughly thinking this through before deciding to use that kind of leverage. One bad week and traders at these firms are usually wiped out. Good luck to you.

To: rodney beasley who wrote (3762)	2/8/1999 10:02:00 AM
From: William S.	Read Replies (1) \| Respond to of 7382

rodney, i called vanburen to get some info, min acct size is 25k, goes into a common account with the firm, money is unsecured, real tick data feed is $400/mo, commissions are 2 1/2 cents per share and can go down to 1 7/8 cents per share depending on volume. member gets registered as a trader, fingerprinted etc. margin is 10/1 intraday, 6/1 overnight. Besides the margin reqmts (which may be a disadvantage) i see no benefits over mb and a lot of risk if the firm goes under. i think i will stick with mb for now. i would be interested to know if tim, rick or any of the more experienced traders use one of these firms. Bill