American Express Brokerage -- FREE equity trades Message Board

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Non-Tech : American Express Brokerage -- FREE equity trades

AXP 360.73

+0.5%

Oct 31 9:30 AM EST

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To: Night Trader who wrote (21)	9/16/2000 2:56:28 AM
From: rjm2	Read Replies (1) of 26

I recently opened an account here online. I was approved in like 10 seconds. Really fast. Today, my funds hit the account however, it still wouldnt let me place orders for stocks under $5. I am guessing its because the checks have not cleared. While no broker is perfect, I have been paying $7-19 per trade for imperfection so I might as well do it for free. I will not get rid of my Datek account. And I will miss the telephone confirm calls that my $19 broker provides. But with the commission savings, I will make do. I assume the route through NITE although I am not sure. As for the billpay, I thought it was free with a large account ? Nearly everyone has account closing fees. Other alternatives seem to be RJT.COM which seems ok from my limited experience with a relatives small account and lowtrades.com which is $4 commissions. I do not think that a name company like AMEX is any more devious than the rest of the brokerages. They simply are willing to make less to control larger accounts. Fine with me.

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