Brokeage firm gives you 30 times intraday buying power
My friend just sent me this info. This broker allows you to trade 30 times cash you deposited., no daytrading buying power issue. Put $5K and trade $150K intraday.
http://www.worldwidetradingcapital.com
AM I RESPONSIBLE FOR ANY LOSSES THAT EXCEED MY EQUITY BALANCE?
NO. Our affiliate private capital firms utilize sophisticated risk management technology to monitor all trading activity for sub-contractor accounts. These programs provide our dedicated risk management team with the capability to implement "auto-liquidation" on an account which closes out all positions prior to the market close should an account fall to a balance of $2,000 or lower.
Commisson: $2.95/ticket or 0.002/share - fee schedule: http://www.worldwidetradingcapital.com/whywtc-pricing-learnmore.asp
FAQ: http://www.worldwidetradingcapital.com/faq.asp
They use the same trading platform as what I use now (Omni Pro) or I can choose to use Real Tick.
I will do a little bit more reading about it, sounds pretty good.
Stocky, you might want to take a look...
4 comments:
I'll check it out. thx. How was your day PT?
I just got a quick email from WTC:
WTC Information 5:11 pm (4 hours ago)
PennyTrader,
My name is Dave Babich and I am the Director of Business Development for www.worldwidetradingcapital.com. I noticed several hits just recently coming to our website from your blog and first wanted to thank you for posting information about our company.
Secondly, I wanted to provide you with some additional details regarding our firm in case you had any questions from blog readers about our services.
WTC (Worldwide Trading Capital) is not a broker-dealer and we do not receive commissions from any of the trading activity. Rather, we are a professional consulting/marketing firm that works with private capital groups around the U.S. who provide traders with the ability to trade on supplemental leverage on what are called "sub-contractor accounts".
These accounts work almost identically to regular online trading accounts, but provide traders with as little as $5k with the ability to "daytrade" as each account has full pattern daytrading capabilities. Basically, these capital groups open a master account at various broker-dealers, all of which are located within the U.S. and are members of the NASD/SIPC. Then, the capital group's deposit their own funds into the master account, typically between $100k and $500k. These funds are used to supplement the capital put up by the individual traders.
Each trader then signs up via our website as an independent sub-contractor, basically the same setup as a building contractor, just in the trading industry. Accounts are setup this way to enable these traders with the ability to leverage their own capital without the requirement for a Series 7 license as they would need in a typical proprietary setup.
Traders receive access to a segmented sub-account that is tied to the master account owned by the capital groups. Their funds are deposited into these sub-accounts and then buying power is allocated to the account based on the amount of inital capital put up by the trader. Typically, this will range anywhere from 10:1 up to 30:1 for intraday trading and 4:1 up to 6:1 for swing/overnight trading.
Unlike proprietary trading, every trader receives 100% payouts across the board and can access their funds via a quick wire transfer request without holding periods. Account setup takes just a few days typically and we (WTC) provide reps. to assist clients throughout the setup process until the account goes live, at which time the designated broker-dealer reps take over and handle all trading issues.
That's the basic overview of the program. We have a pretty comprehensive website to provide alot more detail and a very extensive FAQ section.
Thanks again for the mention on the blog!
Regards,
David Babich
Director of Business Development
GTS Marketing Group, LLC
Phone: 425.818.0939
Fax: 866.611.0913
dave@gtsmarketinggroup.com
www.worldwidetradingcapital.com
you will need ot trade more then 1000 shares a month in order to get close to 2.95.
otherwise expect much higher rates, thats the lowest possible in case you are a trading machine
I got an email back from Dave, I will ask him about northwesttrading.com...
dave to me 1:13 pm (2 hours ago)
Tim,
Sorry for the delay in getting back with you. Regarding your questions:
1. Yes, you are able to trade OTC/Pink sheets through these accounts and actually you would receive the equivalent of 2.5:1 on your $$ for all non-marginable stocks.
2. The primary route used for OTC/Pinks is DOMS and the clearing firm is indeed Penson for each broker utilized by the private capital groups.
Please feel free to contact me directly with any questions. I can be reached at 1.866.473.5069. You may also chat with me via our website's LiveSupport feature.
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