posted
I'm in search to change broker and wondering if you guys can list any good broker that you guys can think of?
I'm currently using Scottrade, $7 + 0.5% commissions for buy, and again $7 + 0.5% for selling... So usually totalled with at least $14 bux for round trade. I don't mind about the fees, but the execution time bothers me... Their sliding ticker showed of my executing amt but they wont execute my trade that was set. So scottrade has bad executing timing.
Please list of which broker you prefer? Reference to amount to sell and buy, execution time, research engine, etc...
Thank you
Posts: 447 | From: Upstate, NY | Registered: Feb 2004
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posted
Good to know about ST. As for execution times, Ameritrade trades I do have taken about 2-3 seconds tops (I can see the MM move to the price I set in that amount of time after hitting "confirm"). Sometimes there is more of a delay (a few more seconds) when I edit my order, but I suspect it's because I've been idle too long.
According to Double L, lowtrade has slow execution times.
-------------------- May your trading build your character as well as your portfolio. Posts: 1763 | Registered: Jan 2005
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-------------------- If you don't have a plan, click that little X at the top, and never trade again. Posts: 447 | From: Upstate, NY | Registered: Feb 2004
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I'm wondering abotu margin interest, which has best rate? and what's the min amount to have a margin account? I know scottrade has minimum of $2000...
-------------------- If you don't have a plan, click that little X at the top, and never trade again. Posts: 447 | From: Upstate, NY | Registered: Feb 2004
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That's kinda little... 1mil shares, in micro pennies, can easily exceed 1mil shares
-------------------- If you don't have a plan, click that little X at the top, and never trade again. Posts: 447 | From: Upstate, NY | Registered: Feb 2004
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That FreeTrade.com is little bit weird... First 20 trades are free, then after that, they have some weird rating for the 21st and up trades...
-------------------- If you don't have a plan, click that little X at the top, and never trade again. Posts: 447 | From: Upstate, NY | Registered: Feb 2004
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wow, max $3 a trade, damn thats good, ill have to look into switching to them after i amke enough
Posts: 35 | Registered: Mar 2005
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But FreeTrade.com, it doesnt have ANY of the ticker or anything... I believe that's what they said, so you have to do your own research elsewhere on the internet... Beside Yahoo (like 30 min delay of market price), I dun think there are any other free market tracker out there that's good...
-------------------- If you don't have a plan, click that little X at the top, and never trade again. Posts: 447 | From: Upstate, NY | Registered: Feb 2004
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Hmmm, FirsTrade.com seem pretty good... Think FirstTrade.com is good for beginners...
-------------------- If you don't have a plan, click that little X at the top, and never trade again. Posts: 447 | From: Upstate, NY | Registered: Feb 2004
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posted
Ameritrade has been very good for me. When I have enough money, I think will use both Ameritrade and Freetrade. That way I can use Ameritrades resources (excellent in my opinion) and use Freetrades cheap trades.
-------------------- If you don't sweat the pennies, you're not making any money. Posts: 2218 | Registered: Feb 2005
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I think Freetrade has the same researching tools as Ameritrade (since they are both owned by Ameritrade), but they are more expensive on Freetrade.
-------------------- If you don't sweat the pennies, you're not making any money. Posts: 2218 | Registered: Feb 2005
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posted
Their sliding ticker showed of my executing amt but they wont execute my trade that was set. So scottrade has bad executing timing.
i don't unnerstant...
i see them POST my trades with different PPS on the ticker ALL the time, but MY expenses always tally, and i am using limit orders ALWAYS...
i have had good execution in general compared to other brokers... AON orders often don't go thru quickly, but i have learned to stick with them most of the time,
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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posted
Market orders can be slow. It's better to not use market orders though.
One note about broker fees: watch out for the hidden fees, such as having to pay for L2, software, etc. Often the fees are worth it due to the low commissions, but only if you trade a lot.
For example, I'd much rather have 20 free trades on Freetrade and pay $29 for tools than to pay $10.99 on each of my first 20 trades and get the tools free....
-------------------- May your trading build your character as well as your portfolio. Posts: 1763 | Registered: Jan 2005
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posted
ETrade has free L2's. You can sign up for that for free for 90 days. Once you make 15 trades within a qtr, it is free.
Firstrade.com is good for beginners who do not want to buy more than 5K shares. If you go over that, it will cost you 1/2 cent per share. Not good with pennies, but great for trades below 5k.
-------------------- "The difference between a pat on the back and a kick in the a$$ is about 15 inches" Posts: 71 | From: Virginia | Registered: Mar 2005
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ETrade charges 29.95 for L2's if you do not make more than 15 trades.
-------------------- "The difference between a pat on the back and a kick in the a$$ is about 15 inches" Posts: 71 | From: Virginia | Registered: Mar 2005
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