Fidelity FOX Spartan Brokerage Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Fidelity FOX Spartan Brokerage

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: John D. White who wrote (90)	5/4/1999 7:42:00 AM
From: Ron McKinnon	Read Replies (1) of 222

John, I think that many will be dumping Fidelity I've been with them for 7-8 years the "roll-up" of trades combined with a 60% commission discount that I had kept me with them as my effective commission was about .0082 a share or $8.20 per 1,000 shares based on the way I tend to trade the same stock over and over this was very competitive with other brokers it looks like the new commission structure will increase my costs by about 250% I make 3000-4000 trades a year over the last few days I have worked my way up the management ladder to no avail they attitude is basically that they are not interested in day traders as customers; seem to want "investors" who will keep large cash balances Fidelity was considered to be the "Big Dog"; with many of us bailing they will be lucky to end up as a puppy in the trading business what a bunch of jerks in this competitive world so it's BYE BYE for me

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next