Tim
Rev Shark's message bd on aol is discussing brokers today, since I am also looking and dissatisfied with schwab I had copied this, fwiw
Subject: Re: WEB STREET or DATEK
Date: 9/3/98 2:40 AM Eastern Daylight Time
From: Djhmo1
Message-id: <1998090306400600.CAA00378@ladder01.news.aol.com>
I have used WebStreet for 10 months, I have never had any trouble with fills, and their Web trading page is supposed to be the best. My trail of brokers is Olde, Tradex, Lombard, NDB, Waterhouse, WebStreet. Whats best about WebStreet is their trading pit page that includes watchlists for 100 stocks, headline news, account balances, portfolio, trading section, and I can handle my 5 accounts on the page. Account balances update
immediately. You also get pop-up confirmations that usually appear in 10 seconds or so in the top of the trading pit page. Other pages include free Baseline Research Reports, account history, intraday charts. For $30 you can get constantly updating quotes for your watchlist stocks, for $50 you can get Level 2. Commissions are $14.95 a trade, but if you trade 1000+ shares, there is no commission.
The Most Recent Rankings I've Seen For Online Brokerages:
WebStreet - #1 Smart Money, #2 Barrons
Discover - #1 Barrons
E-Trade - #1 Gomez
DLJ Direct - #2 Gomez
The pressure is on to get on-line day traders to use their sites, WebStreet has been the innovator and everyone else is in catchup mode.
Just observation wise - when there is a flurry of complaints on the message boards concerning brokerages (ie: Web page down all morning, slow as molasses on a winter day, screwed up a trade etc.) I rarely have anything to complain about. However, I expect Web Street to have some growing pains, Their server has been down at least three times in 10 months that I noticed during trading hours ( I'm usually on-line from 8:30 to 3:00 CT). Down
times were less that one hour, they were down yesterday for 30 minutes. If you use them and want dynamically updating quotes, you will need a direct internet connection (not through AOL) a 133mz and a 33.6 modem. A smaller machine just gets plugged up with incoming. They do seem to work like dogs to improve their page and have always been great over the phone. If they continue to cut the cookie, I'll stay with them, if their cakes start to fall,
I'm looking for a new baker.
url is www.webstreet.com
|
