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Why didn't you have a cancellation number? When you cancel an order in LEO-WEB, is getting a cancellation number standard procedure?
If LEO normally spits out a cancellation number and you didn't see one, that should have alerted you to a problem right away.
However, if getting a cancellation number is NOT standard procedure, then what is your broker talking about?
Thanks for your input. I am considering LEO and XPRESSTRADE for internet trading.
Scott Hoffman
But my broker said that a cancellation is
only valid if I had a cancellation number, which I didn't. So I ended up
taking a $600 loss.
My other complaint with LeoWeb software is that it can take up to six minutes
to get a fill confirmation back. You literally don't know whether you're in a
position or not. The quickest fill I ever got was two minutes on the big S&P
contract. My broker was way faster over the phone than LeoWeb is. However, I
am a beginning trader, so I somewhat expect that I'm going to learn my $600
lessons. That said, I still don't think LeoWeb is up to par.
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