To: Lucky Charm who wrote (37829 ) 6/11/1999 9:58:00 AM From: PCModem Read Replies (1) | Respond to of 43774
Thanks Kristi! Here is some more info on onlinetradinginc.com:onlinetradinginc.com "For our internet customers we have a $100,000 account minimum. Our suitabilty minimums require at least a $300,000 net worth, and at least two years of trading and investing experience. Internet Brokerage Account Commission Rates Stock Trades -- $17.95 per Trade plus 2 cents per share - MARKET OR LIMIT- for any route of execution including Instinet, Selectnet, Island, NexTrade, SOES, AMEX or the NYSE. Options -- $30 per trade plus $2 per contract. Volume Discounts (1) $1000 per month in commissions = 10% discount. (2) $2000 per month in commissions = 15% discount. *Bulletin Board Stock trades under $1 per share are $23.95 per trade plus 2.75% of principal. Trades for bulletin board stocks priced above $1 per share are $23.95 per share plus 2 cents per share. Orders for bulletin board stocks must be called in. Non-Internet Brokerage Account Commission Rates Rates for a one on one relationship with an experienced investment representative are negotiated individually based on the size of your account and activity. Miscellaneous Fees Transfer and Ship $0 Wires $0 Overnight Delivery $14 Extensions $0 Mailgrams $0 IRA $35 IRA Termination $50 Restricted Security processing Fee $0 Returned Check $20 Fixed Income Transfer $0 Legal Transfers $0 Options exercise/assignment $25 per position Voluntary Tenders $0 Mandated Tenders $0 All other bond redemptions $0 Inactive Account custody Fee $0 Foreign Securities Transfer Varies based on nation Foreign Security Safekeeping Varies based on nation Copies of Back Statements $0 *Commissions and Fees are subject to change. " [emphasis added.] I like the one about negotiating commissions for one-on-one brokerage assistance. I can see it now: "Alright ladies and gentlemen, what am I bid for this fine broker?! Very low mileage (he was in 6th grade during the crash of '87), and his only experience in the market is during the longest bull run in history. He's made his clients millions investing in internet stocks that have not yet shown a profit... " GRIN! Seriously, I wish them all the best. I don't think they are in compeition with I-T for customers -- it appears they have a very different segement of the investing public they want as clients. PCM GO PABN!!!