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    All Forums | Investments

    Best online place to trade

    montedamastiff
    wallstreetcappers
    boiler-room
    BountyHunt
    70-Six
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    Views: 692
    Posts: 18
     
    montedamastiff
    montedamastiff
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    Posted: Feb. 1, 2008 - 7:50 PM ET #1

    Have E-trade haven't used it in years.  What's the best place? Low commish,ease of dep or withdraw,best info, easy to use. Thanks in advance
    Reply
    To remove first post, remove entire topic.
    Have E-trade haven't used it in years.  What's the best place? Low commish,ease of dep or withdraw,best info, easy to use. Thanks in advance
     
    wallstreetcappers
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    Posted: Feb. 1, 2008 - 8:00 PM ET #2

    That is subjective..

    Cheapest is not the best of course, I like Scottrade for pricing but Ameritrade has free Level II and other stuff like ACH money transfer etc.
    Reply
    That is subjective..

    Cheapest is not the best of course, I like Scottrade for pricing but Ameritrade has free Level II and other stuff like ACH money transfer etc.
     
    montedamastiff
    montedamastiff
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    Posted: Feb. 1, 2008 - 8:59 PM ET #3

    Thanks Wall St,  Both have branches within 10 minutes of my house.  Will look into both.
    Reply
    Thanks Wall St,  Both have branches within 10 minutes of my house.  Will look into both.
     
    wallstreetcappers
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    Posted: Feb. 1, 2008 - 9:04 PM ET #4

    Scottrade is nice because of low comish and local branches in most states..but the ACH feature at Ameritrade is pretty sweet..I have accounts at both actually.
    Reply
    Scottrade is nice because of low comish and local branches in most states..but the ACH feature at Ameritrade is pretty sweet..I have accounts at both actually.
     
    boiler-room
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    Posted: Feb. 1, 2008 - 9:06 PM ET #5

    i would advise using a full service broker,,right wall?,,,,,,ha ha, just kidding,,,,ameritrade is good
    Reply
    i would advise using a full service broker,,right wall?,,,,,,ha ha, just kidding,,,,ameritrade is good
     
    BountyHunt
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    Posted: Feb. 2, 2008 - 12:13 AM ET #6

    Are any of these available to Canadians? I am pretty sure that Ameritrade isn't for Canadians.
     
    I just picked up some NKE today (they are taking over Umbro in march) and I am still paying $29.95/trade with RBC.
    Reply
    Are any of these available to Canadians? I am pretty sure that Ameritrade isn't for Canadians.
     
    I just picked up some NKE today (they are taking over Umbro in march) and I am still paying $29.95/trade with RBC.
     
    70-Six
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    Posted: Feb. 2, 2008 - 1:41 AM ET #7

    I use Schwab,but like Wall says you get what you pay for,shop around,its worth it
     
    Reply
    I use Schwab,but like Wall says you get what you pay for,shop around,its worth it
     
     
    wallstreetcappers
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    Posted: Feb. 2, 2008 - 1:50 AM ET #8

    BountyHunter,

    Ameritrade is TD up there.

    I dont know who the cheapest is there, but I think Etrade is in Canada too right?

    Boiler has a good point..if you need hand holding and to be sold 5% loaded A shares funds, and to be funded out and never contacted again, visit your local full service investment salesman.


    Reply
    BountyHunter,

    Ameritrade is TD up there.

    I dont know who the cheapest is there, but I think Etrade is in Canada too right?

    Boiler has a good point..if you need hand holding and to be sold 5% loaded A shares funds, and to be funded out and never contacted again, visit your local full service investment salesman.


     
    wallstreetcappers
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    Posted: Feb. 2, 2008 - 2:11 AM ET #9

    Forgot to add..

    Full service brokers can also offer illiquid LLPs for gas and oil exploration (uncle in law has plenty of those) and can add in two points on a bond which you have no clue was marked up.

    How am I doing so far boiler?

    ttyl
    Reply
    Forgot to add..

    Full service brokers can also offer illiquid LLPs for gas and oil exploration (uncle in law has plenty of those) and can add in two points on a bond which you have no clue was marked up.

    How am I doing so far boiler?

    ttyl
     
    boiler-room
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    Posted: Feb. 2, 2008 - 2:41 AM ET #10

    doin good wall,,although i do not deal in mutual funds,,dont forget the '' i can offer u exclusive access to ipo's and bridge loans'',,,at my old place years back we would tell people that all the time,,i dont think we were involved in even one ,ever,,,,,,,,dont forget the mark-ups on naz stocks,,,,shit i remember back in the day we would get a 2 dollar rip in a 5 dollar stock,,the brokers would make a killing,,and none of us would ever wonder or ask why they were paying us so much to move these certain stocks,,,if they were payin us that much imagine what they were makin in the end,,,oh and dont forget that when a client wants to sell positions and close out the account not to let them,,,it was basically a nitemare if u were a client trying to get money back from us,,,,when u sent it to us,,it was never comin back,,,ah,the good old days,,,,,,,,on the straight and narrow now
    Reply
    doin good wall,,although i do not deal in mutual funds,,dont forget the '' i can offer u exclusive access to ipo's and bridge loans'',,,at my old place years back we would tell people that all the time,,i dont think we were involved in even one ,ever,,,,,,,,dont forget the mark-ups on naz stocks,,,,shit i remember back in the day we would get a 2 dollar rip in a 5 dollar stock,,the brokers would make a killing,,and none of us would ever wonder or ask why they were paying us so much to move these certain stocks,,,if they were payin us that much imagine what they were makin in the end,,,oh and dont forget that when a client wants to sell positions and close out the account not to let them,,,it was basically a nitemare if u were a client trying to get money back from us,,,,when u sent it to us,,it was never comin back,,,ah,the good old days,,,,,,,,on the straight and narrow now
     
    LeRinkRat
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    Posted: Feb. 2, 2008 - 4:22 AM ET #11

    don't know about Scottrade BUT if your thinking about doing stocks priced under $1, then definately Ameritrade which is a flat $9.99 for any stock price in any share size. some firms like Fidelity charge "normal commission" (ie: rip you off) for trades of stocks priced under $1 while others limit the number of shares per trade.
     
    that plus the free "Streamer" and Level II at Ameritrade are just a couple things to consider. I have used them for years and am very satisfied with their service.
    Reply
    don't know about Scottrade BUT if your thinking about doing stocks priced under $1, then definately Ameritrade which is a flat $9.99 for any stock price in any share size. some firms like Fidelity charge "normal commission" (ie: rip you off) for trades of stocks priced under $1 while others limit the number of shares per trade.
     
    that plus the free "Streamer" and Level II at Ameritrade are just a couple things to consider. I have used them for years and am very satisfied with their service.
     
    montedamastiff
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    Posted: Feb. 2, 2008 - 10:32 AM ET #12

    boiler, What's up with the IPO offers? I hear brokers dangle that all the time.My sister a broker for years,now runs 401 k's.wouldn't budge on IPO.  How to you decide who gets IPO, is it your biggest clients only?
    Reply
    boiler, What's up with the IPO offers? I hear brokers dangle that all the time.My sister a broker for years,now runs 401 k's.wouldn't budge on IPO.  How to you decide who gets IPO, is it your biggest clients only?
     
    montedamastiff
    montedamastiff
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    Posted: Feb. 2, 2008 - 10:33 AM ET #13

    Thanks for inputs on accounts.  The fact that branches are close is great.  Will try both.
    Reply
    Thanks for inputs on accounts.  The fact that branches are close is great.  Will try both.
     
    boiler-room
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    Posted: Feb. 2, 2008 - 12:19 PM ET #14

    ipo's usually are a money maker and people would jizz in their pants when u tell them u can get them in on some,,,also people like to think they are on the inside,,being part of a hard to get ipo makes them feel that way 
    Reply
    ipo's usually are a money maker and people would jizz in their pants when u tell them u can get them in on some,,,also people like to think they are on the inside,,being part of a hard to get ipo makes them feel that way 
     
    wallstreetcappers
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    Posted: Feb. 2, 2008 - 12:31 PM ET #15

    IPO talk is a scam..even when the getting was good, only the HIGH HIGH net worth customers at places like ML got those..the average guy never got IPOs unless the firm you were at messed up and gave some.

    I worked at several firms and none gave IPOs to the little guy..


    Reply
    IPO talk is a scam..even when the getting was good, only the HIGH HIGH net worth customers at places like ML got those..the average guy never got IPOs unless the firm you were at messed up and gave some.

    I worked at several firms and none gave IPOs to the little guy..


     
    boiler-room
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    Posted: Feb. 2, 2008 - 12:39 PM ET #16

    u got that right wall,,,,,,average person never gets a crack,,but threre is the rub,,,u tell em u can get them a taste and they lose their minds
    Reply
    u got that right wall,,,,,,average person never gets a crack,,but threre is the rub,,,u tell em u can get them a taste and they lose their minds
     
    wallstreetcappers
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    Posted: Feb. 2, 2008 - 12:49 PM ET #17

    The whole IPO scam was a joke..everyone wanted them, the big firms held them like meat to bring in clients and secure accounts. Then they started putting restrictions and requirements (holding periods) and you knew it was going to end quite soon.

    Those days will probably never be seen again..

    Reply
    The whole IPO scam was a joke..everyone wanted them, the big firms held them like meat to bring in clients and secure accounts. Then they started putting restrictions and requirements (holding periods) and you knew it was going to end quite soon.

    Those days will probably never be seen again..

     
     
    BountyHunt
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    Posted: Feb. 9, 2008 - 12:39 AM ET #18

    The commisions with Etrade Canada are $19.99/trade.
     
    Does anyone have an account with Questrade? Their commisions appear to be quite low $4.99/trade (<1000 shares) and $9.99 (>1000 shares). This seems too good to be true. I have to do a bit more research before opening an account.
    Reply
    The commisions with Etrade Canada are $19.99/trade.
     
    Does anyone have an account with Questrade? Their commisions appear to be quite low $4.99/trade (<1000 shares) and $9.99 (>1000 shares). This seems too good to be true. I have to do a bit more research before opening an account.
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