Choicetrade looks promising. Are there any monthly fees outside the $5 per trade? Are the extra packages (Select & DirectPro) worth the extra fees?

I have been using ChoiceTrade and have never had a problem. Their site is www.choicetrade.com Any time I have had a question, I have had an immediate and fully explained response. I usually call. The owner is a guy named Neville...very nice guy.
Go to their site. There are some incidental charges depending upon the circumstances, but I have never been charged those. So far, it has just been $5 per trade.
You can trade all stocks, incl pinks. If you want to trade foreign (example, Canada's exchanges - not the ones traded on our exchanges) they will trade them but you will have to call...and I think the trade costs $30 (but not sure).

Previously, I had Scottrade and was not pleased with their service or their prices.

Good Luck

Thanks for the help!! One more quick question... Can you trade futures on choicetrade?

quote:

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Originally posted by Wallace#1:
CC,

I have been using ChoiceTrade and have never had a problem. Their site is www.choicetrade.com Any time I have had a question, I have had an immediate and fully explained response. I usually call. The owner is a guy named Neville...very nice guy.
Go to their site. There are some incidental charges depending upon the circumstances, but I have never been charged those. So far, it has just been $5 per trade.
You can trade all stocks, incl pinks. If you want to trade foreign (example, Canada's exchanges - not the ones traded on our exchanges) they will trade them but you will have to call...and I think the trade costs $30 (but not sure).

Previously, I had Scottrade and was not pleased with their service or their prices.

Good Luck

If you are new to penny stocks try to follow what Glassman and Dardadog are recommending.
No matter what anyone says though, do your own research and reach your own conclusions.

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Re Futures, I do not know since I have neither tried nor asked. Call them and ask.
They seem to be a very nice group of people.
They will also be able to answer your other questions about them as well.

Don't remember if I told you, but you can trade up to 1 sh under 10 mil shs each trade. When you get into the higher numbers of shares just might be where the other charges come into play.

Here's an example of the service I get at Choicetrade. Had a Buy in at .041. Bid was .040 and Ask was .044. Last was .040.
Technically, my trade did not have to be consumated by the MM under those circumstances. In addition it was an "all or none" requirement which makes it worse.

I called Choicetrade and Neville answered the phone (which I might add is not unusual).
He's the owner of Choicetrade. I asked him if he could give the MM a nudge for me. Said he could not guarantee but would make a call. Within minutes, got my trade at .041.

This has always been my experience to date with Choicetrade.

quote:

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Originally posted by Wallace#1:
CC,

Here's an example of the service I get at Choicetrade. Had a Buy in at .041. Bid was .040 and Ask was .044. Last was .040.
Technically, my trade did not have to be consumated by the MM under those circumstances. In addition it was an "all or none" requirement which makes it worse.

I called Choicetrade and Neville answered the phone (which I might add is not unusual).
He's the owner of Choicetrade. I asked him if he could give the MM a nudge for me. Said he could not guarantee but would make a call. Within minutes, got my trade at .041.

This has always been my experience to date with Choicetrade.

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Thanks for your help! I'm going to signup for a choice trade account today or tomorrow. The only thing that is a drag is that I have to print and fax them the application. How long did it take for choicetrade to get the money transfered and get the account active for trading?

Etrade's $20 commissions for the first 9 trades is pure crap. They also tack on a $3 'service fee' which means the commission is really $23 each way!! Even after the 9 trades I'll have to pay them Etrade $29.99 a month fee to get $9.99 trades.

I went long on one stock (ULBI) that I wanted to sell out my position with a small profit because my timing was a bit off. (should have waited for more strength) The stock would have been profitable to me at 13.25 but the commission overhead led me to raise my stop 25 cents (I only have 100 shares) and I missed getting filled by just 10 cents... It's not a big deal because I still feel strong about the stock longterm and it's way heavily discounted but it's irked me that Etrade's misleading commission structure has already cost me a profitable trade.

I honestly don't remember how long it took to get going but it wasn't more than a week or two. Once you fax your application, as I recall your account is opened. It's the transfers that take the time. If you happen to have a few extra $$$$s, you could wire it and get started quite quickly...days.

I guess what I'm really asking is what are the general conditions (price, volume, etc.) that would require me to do something more complicated than a standard stock trade?

Read my post at 9:44 above. It should answer your question. Go to their site and check them out as well...my third post down.

CC,

Pinks, OTCBB and NASDAQ are among the riskiest stocks there are, with pinks being the worst. With Choicetrade, you can trade any of them...just place your order and providing you have the $$$s in your account.
Recommend you stay away from a margin account...just use a cash account.