Speedtrader - ETC or COR Clearing?

[sawtooth500 33]

When getting speedtrader, would you recommend ETC or COR clearing? I know that they are two different clearing companies, but I'm really not sure about the pros/cons of each or which is better to get. I know the commission structure is slightly different between the two, but in the long run that's negligible and both cheap when making good trades.

[Carlos M. 230]

I just opened my account and when live today with COR. The biggest deciding factor for me was that ETC account does not have ACH Transfers, so every time you want to withdraw money it needs to be a wire transfers and I am sure that's not going to be free. ACH transactions are available with COR accounts for depositing and withdraws and is free, takes a bit longer but if you need something fast you also have the option to wire.

 

Also you get the option of per trade commission that you do not get with ETC. Depending on your style of trading this can be more cost effective.

 

Carlos

[davi.correa 0]

Did you open ETC or COR ? and why?

[Carlos M. 230]

Did you open ETC or COR ? and why?

I opened a COR account as they have per trade commission which is more cost efficient for me. ETC only has per share.

 

Also COR you can set up regular ACH Withdraws which are free.

 

Carlos

[davi.correa 0]

Thank You! It make sense!

 

I will follow you on that.

 

Davi