SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : ETRADE Sucks!
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Emec who wrote (563)10/23/1997 11:10:00 PM
From: Thomas Scharf  Read Replies (1) of 3262
 
Your same trade of 5000 shares with an active trader's discount on Fidelity Web Express would be $129.95: 14.95 for first 1000 shares + .03/share for 4000 shares. If you bought 5001 shares an additional discount kicks in and the price per share over 1000 drops to $.02 so the total cost would be $94.97. This is much more than Etrade, but if you look at it as $0.019/share it is pretty insignificant compared to the hidden cost of trading on the secondary exchanges and the purported kick-backs that the deep discounters take. When you add the great customer service and back office operation, it looks cheap to me. I tend to trade blocks of 1000 shares or less, so for me Fidelity is an unbeatable deal even at the current $29.95 (changes to $19.95 on 11/1/97) for occasional traders.

For details, see personal.fidelity.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News