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Non-Tech : Datek Brokerage $9.95 a trade
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To: thecupwinner who wrote (8119)4/25/1998 2:30:00 PM
From: Mike Winn  Read Replies (1) of 16892
 
I almost open an account at Datek...

Yes, almost.

I sign up on line to Datek last weekend to open an account. I immediately received a confirmation that an application will be sent on Monday for me to sign. On Monday, I received another e-mail explaining about the process of transferring my account from another broker to Datek.

Today, it's Saturday and I still haven't received the application forms. I bet Datek doesn't want my money, do they? I have a good size account and I trade on the average of twice a day. Think about how much commission I generate in a year?

I almost sign up with Datek after reading about the fast execution by Datek from people on SI. This week, my opinion has completely changed. From what is described by people on SI, one can't not even get a trade at market or sign up to Datek on-line let alone gets a fast execution at a good price.

Hey Datek, if you can't even send me an application fast enough in a week, how do I expect for you to execute my trade in a timely manner? I think I am going to call MB Trading now. I just hope that with all the people flocking over to MB Trading, their execution does not go down the toilet as Datek.

One thing you should learn Datek, is that if your capacity does not allow you to take in more customers, you should refuse to let new people sign up until you can add more equipment. But the worse thing is to make false promise and piss off your existing (and future) customers.

Sincerely,
Mike.
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