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Non-Tech : Datek Brokerage $9.95 a trade
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To: Dave Hanson who wrote (10831)1/28/1999 8:54:00 PM
From: Pendretti  Read Replies (1) of 16892
 
Hi Robert, Dave, could you give me please some answers.

I am not living in the US and I am looking into some online trade services. Now I have my account at a bank in the Netherlands, high fees and I have to put my orders at the beginning of the day otherwise I cannot reach them anymore because of the time difference.

I am looking at suretrade, datek, ameritrade and etrade (investrade is not possible because I live outside the US).

These are my questions regarding Datek:

1. Is it possible to trade penny stocks (BB stocks)? If so, can that be done with online trading or is a broker assisted trade needed?

2. They don't charge extra for limit orders? Suretrade charges a few dollars extra for limit orders.

3. Also giving limits with broker assisted trades by telephone, extra charges above the $ 25?

4. What are your impressions? Do you normally get easy into the pages to put an order in? Do you get a fast execution also for limit orders?
On a scale of 1-10, what number would you give if 10 would be perfect?

5. What is exactly the rate for orders over 5.000 shares, for example 8.000 shares? Especially if it is a BB-stock.

6. I read somewhere in a post that with Etrade you have to do a minimum of 75 trades in a quarter or else you will be charged certain other commissions. Is that also the case with Datek?

These were my most important questions. I would really appreciate if you would help me in this. Thanx in advance.

Rene.
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