SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Always Looking for Cheap Internet Brokers
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: grw5 who wrote (52)11/16/1997 2:23:00 PM
From: R Jennings   of 602
 
Well heres my letter.

Dear farsight service,
I just recieved your price schedule and wish to express my displeasure
with the following.
"
$20 flat fee per trade for orders up to 1,000 shares. Additional $0.02
per share over 1,000 shares. No postage or service fees. (Stocks trading

at less than $1 will incur an overriding minimum of $20 and a maximum of

5% of principal.)"

90% of my trades are OTC's under $1 over 5000. By my calculations this
would give me minium fee of $270 or 5% of the principal. This is very
close to what my full service broker charges and unacceptably high for a
internet trading service.

As your customer service has been above excellent I will continue to
maintain a account consisting of NASDAQ&NYSE stocks however those I
hardly ever trade and they consist of only 10 % of my total portifilo.

As a counter proposal may I suggest dropping the per share add on ?( I
would pay $25 for a unlimited OTC trade)

Thank you for your time and attention, I look forward to your response.
Robert Jennings
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News