Yes, when I read that I realized you can't trust ANY of their recommendations. Not that WebStreet is THAT bad. They're just not that good, in my experience. There are a few support people who are a joy to talk with, but many more who make you regret choosing them as your broker. And I don't know that they have more technical problems than many other brokers, just that they don't own up to it when they do have problems.
I have gotten very quick fills with them and I've been stranded for hours at a time waiting for confirmations. When they say, "there's nothing we can do" I say I'll find a broker with a can do attitude.
With regards to Barron's brokers test, it was extremely limited, surprisingly so. I think they placed a limit order or a market order. A fairer test would have had testers using brokers many times at different times of the day over many different days. A one shot deal doesn't say much, if anything. For those trying to daytrade with browser based brokers, none are going to offer performance that is fast or consistent enough to compete with direct access brokers. In my opinion, it's foolish to risk money with brokers who really aren't set up for quick in and out trading. For those who only need to place a trade once in a while, there are better brokers out there, cheaper ones too, but WebStreet should suffice.
Regards,
Paul Kaz |
