E*Trade (NYSE:ET) Message Board

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Non-Tech : E*Trade (NYSE:ET)

ET 16.56

+0.9%

Dec 12 9:30 AM EST

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To: Dell-icious who wrote (2912)	5/8/1998 10:24:00 PM
From: mod	Read Replies (2) of 13953

<< the rules are that if your fill gets executed on the same day, it is one commission for the entire trade; however if it gets filled over more than one day, then they charge commission each day as if it were a new transaction, even if you didn't make any changes to the unfilled part. It sucks, but then so does E-Trade generally.>> That's right, and every brokerage firm in existence does this exactly the same way. Same day, one commission on multiple fills of one limit order. Multiple days, multiple commissions. Makes me wonder how many other so-called E-Trade "complaints" are really just misunderstandings of how the stock brokerage business works. You can complaint with the way the entire industry does it, but don't blame E-Trade. Dennis

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