I know there have other threads,but I thought I'd get fresh opinions, because times change.
I currently have scottrade, and am thinking about switching to either Choicetrades, E-trade, or TDameritrade. I read great things about about them all. I heard that some brokers get orders filled quicker, is that true? What are the Pros of these brokers. Thanks
Posted by Batman on :
Or MBtrading, is that any good?
Posted by upupandaway on :
The only 2 I have experience with are Scottrade and Choicetrade.
Scottrade is not really setup for penny stocks, per a Scottrade representative, and because of it I regularly got margin calls that were not real or I would not have money available that I should have had to trade... calling them would also sort out the mess but I switched to Choicetrade because of all the headache with Scottrade and penny stocks.
So far no problems with Choicetrade and Scottrade charges an extra fee for penny stocks which sometimes tacked on several dollars to their commission so from a profit perspective Choicetrade has been better.
I have not noticed a difference in the speed of filling my orders between the 2.
Posted by chevon2020 on :
I have choicetrade right now and its pretty good. I dont now about the speed because I have only done limit orders and I'm away from my computer all day.
I think Etrade has some sort of speed guarantee, but it says on the site that you might have to call in to order some pink sheets and that commission is about $40.
There is another site called tradeking that I use $5 commission like choicetrade, but there is a per penny fee for securites under $2, so I use it for higher stocks and its alright.
Posted by Grande on :
What is the ticker symbol for choicetrade? Posted by Yosemite Sam on :
It seems like a poupular combo is using choicetrade with alphatrade for quotes and stuff.
Posted by Yosemite Sam on :
Any other opinions about brokers for pennies?
Posted by AgentGPF on :
Haven't tried Lowtrades but I'd take a look at them. Choicetrade is good too, most of the time.
Scottrade's commissions for under $1 stocks adds to the trading fees.
Posted by T e x on :
Have Scottie & Choicetrade, Lowtrades next--gonna try that $20/mo platform, the "Trading Desk"
Posted by Prdponce on :
quote:Originally posted by T e x: Have Scottie & Choicetrade, Lowtrades next--gonna try that $20/mo platform, the "Trading Desk"
3.50 a trade is what I pay.. with lowtrades and WWW.quotetracker.com , I use stockwatch for L2 600 real time symbols....
Posted by T e x on :
how much is stockwatch's L2s?
Posted by Prdponce on :
Traders Nation is free - am I missing something with these others?
And Tex- what is the $20.00 a mos platform/trading desk about - would that be faster than having a pre-scheduled sell order in * TDAM?
Posted by T e x on :
Mach, as I recall, price goes down on number of trades; Ponce day trades, so he might easily qualify...
have no idea re speed and don't know what TDAM is...
Posted by A.J. on :
Thanx Tex, That is very nice. GOOG is something else - I'd love to talk to a few millionaires made off of it that bought it at pennies - do you know of any? How long did they wait? Months, Years?
Back to what you want to do: I just section off TDAM, Traders Nation, and another program I have and watch and trade - It is free that way and about the same thing. TDAM has that quick shot at the bottom of the screen so I move pretty much with that.
Do you think you will still want to pay $20.00 a mos? [I am conservative in some ways and sometimes I splurge in others]. Lucky
Posted by T e x on :
GOOG as in Google? was never a penny...dutch-auction IPO
lol, I *still* don't know what TDAM is...
Posted by wallymac on :
I think he is talking about TD Ameritrade.
Posted by Batman on :
Do some brokers get orders filled quicker than others, or is it all the same?
Posted by Machiavelli on :
all the same.. peeps just think that some fill faster then others lol but in the Market.. its first come first serve...
Posted by A.J. on :
ONE AND ONLY: TDAMERITRADE : SHORT = 'TDAM'
GOOG is the ticker for GOOGLE which was on the screen you 'linked' for me. It gave a nice outlay for GOOG.[It was all over the board!].
As for BROKERS and fills: No - they all do not fill in order. I have files upon files of proof on that. MM'S will short sell your shares when you have had SELL ORDERS IN FOR almost a month in many cases and YOU NEVER SEE YOUR SELL GO THROUGH O-R YOUR PROFIT - T-H-E-Y DO!!! YES - Some broker will fill faster - depends on the MM they are hooked up with and the 'DEALS' they make!!![Ihave verification on what is in my files]!! SAD B-U-T TRUE!! Lucky
Posted by Batman on :
Tex: You know I posted my SSTY/TPID/TPDI/GSFC which is quite different from just SSTY for 2006.
You said you did not want duplicates; WELL - There are duplicates ALL THE TIME !!
RIGHT NOW UNDER NEWBIES YOU HAVE: 1). 3 on MM's. 2). 2 on HISC oe HSCI whichever - there are two!!
AM I BEING SEGREGATED ?? DOES 'DWE' have some kind of hold on this board? That SSTY thread is very boring to me - NO SPINNOZZA if you know what I mean!! As I said before - the thread is way too long and too boring. Lucky
Posted by T e x on :
yup, dupes alla time slip through--imagine if none were consolidated/deleted...
provide links, please...
Posted by A.J. on :
Tex, Do you think that is O.K.? How about Fair? I was fortunate enough to come across the SEC rules for PINKS [It's 500 PGS]. I skimmed through the whole set.[Copied 2 sets - ran out of ink - had to stop and run out for ink LOL!!]
It strongly appears that there I-S protection rules for brokers to follow to prevent abuse and protection against 'TRADE THROUGHS'. [PG 19].
The rules are GOOD and SOLID - we just need someone to have the GUTS to step in and see that they are FOLLOWED through and through. I think there are new TECH methods in the workings. It is so sad to see how corruption has robbed so many and so deeply. A great book I recently read: WALLSTREET VS AMERICA [Weiss should thank me - I've lableled his book all over the net and in the American way - for free! LOL!!]. Lucky
Posted by Machiavelli on :
It's about who gets the biggest headlines and since the majority of the investing public invests in mainstream stocks you will not see the SEC go after the pennystock scams as much... because they do not generate the headlines that mainstream stock scams do... if you want to read a strong advocate for SEC reform against the Pennystock industry... read the NY Post newspaper in the business section.. the columnist is Christopher Byron... he seems to be the only newsman that regularly attacks stock fraud in Pennyland... below is a link to his articles.. if it doesnt show up do a search on the website for his name...
![[Smile]](smile.gif)