WOW, 64 replies for a 2 day old thread..must be some interest here...
Just my 2 cents worth (oops, I don't mean per share). I have been dealing with Freeman Welwood for years, and stuck with them because of their excellent customer service, unlimited quotes, friendly personnel, quick response in mailing checks when requested, etc. In other words, I trust them!
Freeman Welwood is putting together a web site which they expect to be operational later this week. freemanwelwood.com
Their pricing has always been good, maybe not the cheapest, but when compared to the service, worth it. I have been trading in mostly penny stocks of recent (OTC BB, and Canadian). For stocks that cost less than $1.00/share, they charge $30 + .03 of the DOLLAR amount ($34 minimum charge except for frequent trader bonus explained below). Thus if I was to buy 100K shares of a $.03US stock, the commission would be $120 ($30 + $90). I can live with that. For stocks over $1.00 per share, the cost varies. It is also based on the dollar amount, however there is a minimum cost based on the number of shares. They have a special pricing structure if you are a short-term trader for any priced stock. If you close a stock position within one month of opening it, the closing commission is half price. If the trade results in a loss, the closing transaction will be executed FREE OF CHARGE. Must simply notify them prior to the trade.
Their rates for internet trades are being posted on their web site and will be considerably cheaper than telephone trades. Again, not the cheapest, but as I said before...I can trust them! I still like talking to real people, but may use the internet for some of my trades.
Good luck to all of you in finding the best deal going. There is nothing better than a united stand (Power to the people!)
Aloha,
Bert |
