i'm not aware of any catch...i have used them on the phone too and they are good...i'd have to say as far as executing penny orders they are fast (overall)...i switched from schwab to webstreet (i still have schwab acct but rarely use it) and have been happy...
webstreet.com
Commission Schedule
Trades executed via the Internet
Any listed stock trade, any size
$14.95
NASDAQ Stock Trade under 1,000 shares
$14.95
NASDAQ Stock Trade 1,000 shares or more *
FREE
Equity and Index Options
$14.95 plus $1.75 per contract
Mutual Funds Transaction
$25.00
*
On stocks trading over $2.00 per share. For stocks trading $2.00 and under per share, $14.95.
Trades executed via a Live Representative
Any listed stock trade, any size
$24.95
NASDAQ Stock Trade under 1,000 shares **
$24.95
NASDAQ Stock Trade 1,000 shares or more **
$24.95
Equity and Index Options
$24.95 plus $1.75 per contract
Mutual Funds Transaction
$25.00
Bonds - Government, Municipals, Corporate
Contact a Web Street Account
Executive for pricing
**
On stocks trading over $2.00 per share. For stocks trading $2.00 and under per share, $24.95.
Margin Rates
0 - 4,999
2% above broker call
5,000 - 9,999
1? % above broker call
10,000 - 14,999
1? % above broker call
15,000 - 19,999
1? % above broker call
25,000+
? % above broker call
Broker call as quoted in Wall Street Journal
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