Wily, Shoot and all others...
My novice little inquiry into choosing a new broker seems to have generated some posts here (and a little drama maybe). I just want to thank everybody for giving me your thoughts.
For a couple of days now the "battle" in my mind has been between MB Trader and Watley, with Watley winning. With the posts I'm seeing here, I think MB Trader is starting to win. In the example I gave earlier, 80,000 shares at $1 would generate a commission of $183.60 on MB Trader. However, the same order in Watley would be $823.95 (Ultimate Trader Level 4 service): $23.95 standard ticket charge + $800 (.01/share for all NASDAQ orders over 10,000 shares).
RML Trading seems good--and it's true I have not spoken with them yet--but as some of the posts here have suggested, they seem pretty new. That scares me! It's my money, you know--got to get it into a system with some experience behind it.
I don't like how MB Trader doesn't take OTC stocks (you see, I like stocks in the .70 to $1.50 range, for some reason) but what the heck, maybe I'll keep Ameritrade for OTC position trades.
Too bad Watley's rates are higher...I was kinda liking them...
Regards,
Chris |
