Only limitation is that maximum trade size is $10k. But, there is no limit on number of trades. I think they do this to make the fee structure a very simple 1 dollar per 10k. This is the quote from their FAQ: As the first retail stock trading network, Ustocktrade operates as an ATS that allows users to directly trade with each other. UstockTrade blog: Most of you who are following me, or new followers know my situation as how I lost $14K in one trade $ PBYI back in October, which brought my account below the limit of $25K which one can be flagged as PDT (Pattern Day Trader) that will restrict you to only three trades per 5 day trading days. Brokers With No PDT Rule: CMEG Review. CMEG is located offshore, which means they're not under the restriction of the PDT rule. The rule that defines a “pattern day trader” is any customer who executes four or more “day trades” within five business days, provided that the number of day trades represents more than six percent of the persons total trades in the margin account for that Used USTOCKTRADE for about a month now… Used USTOCKTRADE for about a month now from TD. Pros:-Bypass PDT-$1 Trades-Decent Order Execution-Deposits are extremely fast. Usually 1 to 2 days. Cons:-Stock availability. Don't even think about a "Limited Liquidity" Stock. You won't get a filled-Order fill priority is weak compared to other brokers I currently use Robinhood and was thinking of switching over to Ustocktrade since it still has low trade fees and you dont get flagged for PDT. Would you recommend switching over to this platform instead? It sounds like a lot of people agree that this is better for day traders than RH.
What partner banks can I use to link my Ustocktrade account? Please read important legal disclosures that apply to your relationship with Ustocktrade Securities, Inc. Online trading has inherent risk due to system response, execution price, speed, liquidity, market data and access times that may vary due to market conditions, system performance, market volatility, size and type of order and other factors.
Ustocktrade (@ustocktrade) • Instagram photos and videos 418 Followers, 3 Following, 148 Posts - See Instagram photos and videos from Ustocktrade (@ustocktrade) How do I open a Ustocktrade account? – Ustocktrade LK Please read important legal disclosures that apply to your relationship with Ustocktrade Securities, Inc. Online trading has inherent risk due to system response, execution price, speed, liquidity, market data and access times that may vary due to market conditions, system performance, market volatility, size and type of order and other factors.
418 Followers, 3 Following, 148 Posts - See Instagram photos and videos from Ustocktrade (@ustocktrade)
Jun 09, 2017