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Non-Tech : PCFN Apply Online & Trade the Same Day!

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To: Tuan Phan who wrote (20)8/22/1997 10:19:00 AM
From: AJ Berger   of 29
 
More recent PCFN experiances.

Today's call to customer service got a human being only after a 3 minute wait, which is much better than it was two months ago. I write this to warn people who trade using Margin Loaned money that PCFN's interest rates are NOT competative. 10% for under $25K, 9% for under $50K and so on. They don't publish this information at their site, so you only discover your rate when you get your statement in the mail. This rate is a least 1% to 2% higher then you'll find elsewhere. So I'd recommend using this account for mostly cash or short term trades.
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