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Microcap & Penny Stocks : Zia Sun(zsun)
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To: Anthony L Tobin who wrote (269)5/6/2000 3:43:00 PM
From: StockDung   of 10354
 
Swiftrade (1-888-459-8883):
Note: See the comments below on Swiftrade not being a broker but a portal to other brokers like Emmett Larkin and West America Securities. Also, Larkin apparently owns Swiftrade.
Contact Phone Number (Asia): 886-2-2378-2707.
Contact Phone Number (Europe): 34-93-430-1102.
Limit & market orders: $32.50 ($29 + $3.50 fee) for up to 3000 shares, then .02/share for all shares over 3000; $72.50 for 5000 shares.
Options: $32.50 ($29 + $3.50 fee) + $1.75 per contract.
Account minimum: $2500.
Comments: This firm caters to foreign and overseas investors. Margin accounts OK. Good glossary available online. "Swiftrade goes on bad. The personal broker is not reachable, and they put a stock they promote in my account without authorization. I should have taken the fact that they promote BB and pink sheets as a warning sign.(5/25/99)" "I was impressed with Swiftrade - helpful, but not pushy. Interface is very good, seems quite usable.(8/6)" "Not a broker but the order system is called Swiftrade. . .strange sales practices. . .I would suggest you skip them [or else] put a strong warning.(9/16/99)" "Swiftrade seems very complicated. They are not the broker [but a] 'portal' to Emmett Larkin [the clearing house] and yet another company, West America Securities is the 'broker'. . .I am worried with them, that I would call one number and be told 'Oh, we are not responsible for that part' and get sent around in circles.(1/22/00)"

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