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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: Bald Eagle who wrote (78677)	12/15/1999 3:35:00 AM
From: PaddyD	Read Replies (1) of 90042

Fidelity charges me 14.95/buy and about 15.15/sell. I am an active trader. The two faults I find are: 1) there is a limit of 1000 shares at that price. If you get into any low priced stocks you wind up paying MORE than the initial $15/k. Say you buy 2000. Your cost could be around $40. 2) Then if you have more than 1 account and trade the others less, your commission goes up on those accounts (your activity on 1 account does not carry over to the others). These commissions go up to about $25/trade. The pluses are the trades seem to be at the right price. They don't seem to play games on the commissions. The research info is good. The trades are fast. There is no additional charge for limit orders. They are pleasant to deal with. The new active trader format is too cumbersome and slow, even for a 56k modem. You need broadband for decent performance here. I just use the old format. That works ok for me, just barely ok. Also look at DATEK. They charge less, set a maximum of 5000 shares/ trade, and seem to be comparable in most other ways.

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