Hi Gerald, I was wondering if you could help me out here?
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 Suretrade:
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. 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?
3. What is exactly the rate for orders above 5.000 shares, for example 8.000 shares if a stock is below $ 2. It says add $ 5 for the first 5.000 shares, add 1 ct per share for trades above 5.000 shares.
Suppose I would sell 8.000 shares at a limitorder of $0.50, what would the commission be?
Would it be $ 9,95 + $ 80,- (1 ct per share) = $ 89,95?
If so then it means it is much cheaper to put in 2 orders of 4.000 shares at a limit of $ 0,50. In this way would the commission be
$ 9,95 + $ 5 is $ 14,95 times 2 is $ 29,90.
4. 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 Suretrade?
These were my most important questions. I would really appreciate if you would help me in this. Thanx in advance.
Rene. |
