Datek Brokerage $9.95 a trade Message Board

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Non-Tech : Datek Brokerage $9.95 a trade

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To: Jack Colton who wrote (8770)	6/10/1998 10:17:00 AM
From: clochard	Read Replies (2) of 16892

Does anyone have any experience with Investrade? I sent in my paperwork and a check and they called me to say that I need to send in a margin agreement to trade options. I have two other brokers that I traded options with who don't require a margin agreement. The kids on the phone insisted that this was the 'policy'. Anyway, I sent them a margin agreement but in the meantime I can't trade because they placed a waiting period for the first check to clear, even though it shows as being in the money market fund already. The web site works but is slow. I shudder to think how bad it will be when more customers arrive. Oh well, this will probably be another fiasco like Ameritrade and Suretrade.

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