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Non-Tech : Datek Brokerage $9.95 a trade
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To: Scott Saunders who wrote (10358)11/22/1998 11:20:00 AM
From: BradC  Read Replies (2) of 16892
 
<Who (among the masses) is considered the best performing > Scott this is a tough question. I'm not sure there is a simple answer. The brokerage landscape is incredibly diverse and complex. But in general I think the "you get what you pay for" paradigm holds true.

The non-browser brokers like MB Trading, RML Trading, AB Watley etc. seem to be worth considering for high speed execution. The downside with them is they require real-time data fees of anywhere up to $300/month to access their systems. (AB Watley does offer cheap Browser access as well $10/trade)

A few others of interest I am considering:

WebStreet Securities - free Nasdaq if >= 1000 shs && >=$2.00. (sounds good but I won't be expecting any attempt at price improvement from them)

Wit Capital, E*trade - Offer access to IPOs. but with some restrictions on early sale. Also E*trade has just come out with a deal for free Level II for active traders.

Suretrade, One of the cheapest but not good reports on Customer service.

NDB - One of the very few US brokers to consider same day orders on the same side of the market a single trade. (No good for me as they do not allow foreign resident margin accounts)

DLJ Direct - Like NDB same day orders on same side are 1 trade (This is not advertised), but after 1000 shares it's $.02/share.
And then there are other considerations to complicate things even more like: Do you get your credit from a sale immediately?, Availability of shorts? Options? If so, do they permit spreads or just simple buy/sell? Do they offer mutual funds etc., etc...

Hope this helps, good luck and happy trading.

Brad
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