Eddie,
I am not a day trader, only trade say 4 times a month.
I like Waterhouse service, especially the low margin requirement
for options plays ($250 per contract versus $1000 at
Fido, $250 per CallSpread versus $10K initial req from
Fido).
However, I can't stand the slowness of the supposedly
new and improved WebBroker. Gimme back the plain
but fast graphics of WebBroker5&6.
And yes, I have missed windows of opportunities for
trades that cost me thousands of $$ due to being hold
in "pending" state.
(Last Dec, on expiration day,
the Jan CREAF 20 put was priced at $2 7/8 when I
attempted to sell it. By the time the order was accepted
some 15 minutes later, the price was reduced to $2,
which for a 20 contract order is worth $1750 less.)
But you are right, we get what we are paying for, and
over all, I am still a happy customer. |
