SI
SI
discoversearch

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 : Web Street Securities (WEBS) -- Ignore unavailable to you. Want to Upgrade?


To: Richard Cunnning who wrote (1116)11/10/1999 11:04:00 PM
From: Doug Coughlan  Read Replies (1) | Respond to of 1339
 
My chart indicates OTC BB stocks are $14.95 regardless of price or number of shares. Don't be surprised though if you ask for some huge number of shares they point to some fine print restricting the number of shares. Yes you can trade online yourself. The "trading pit" says "price in fractions" which leads me to conclude that they don't trade in decimals. I have never traded a penny stock with Web Street.



To: Richard Cunnning who wrote (1116)11/11/1999 12:17:00 AM
From: Zeddie88  Respond to of 1339
 
Rich,

If you want to lose money on OTC:BB stocks, then use Web Street!! I have had nothing but headaches with them for the past two months and am just holding off to see if their upgrade to the DS3 line will remove the bottlenecks in their system.

The problem is when you enter a trade and want to cancel the order or make a change in price, the confirmation NEVER comes back. Calling customer service is equally frustrating because they acknowledge that they have major problems and basically throw their hands in the air as well when you ask them why the changed or cancelled order hasn't appeared on my screen yet. In their office, they can't even see my order confirmed!!

They advertise on CNN's Nightly Business Report that they have realtime updating account balances and yet I don't get my account balance updated until the beginning of the NEXT business day. As I've told anyone who's dared to ask me about my satisfaction, "I'm using Web Street like any full service broker in that I have to call long distance (at my expense since I am outside of the US), manually place my order and then wait on the line for a confirmation or else call back again (also at my own expense) for the confirmation!

Hope this dissuades you from trading with them.

Regards,

Sue



To: Richard Cunnning who wrote (1116)11/11/1999 12:17:00 AM
From: Zeddie88  Read Replies (1) | Respond to of 1339
 
Rich,

If you want to lose money on OTC:BB stocks, then use Web Street!! I have had nothing but headaches with them for the past two months and am just holding off to see if their upgrade to the DS3 line will remove the bottlenecks in their system.

The problem is when you enter a trade and want to cancel the order or make a change in price, the confirmation NEVER comes back. Calling customer service is equally frustrating because they acknowledge that they have major problems and basically throw their hands in the air as well when you ask them why the changed or cancelled order hasn't appeared on my screen yet. In their office, they can't even see my order confirmed!!

They advertise on CNN's Nightly Business Report that they have realtime updating account balances and yet I don't get my account balance updated until the beginning of the NEXT business day. As I've told anyone who's dared to ask me about my satisfaction, "I'm using Web Street like any full service broker in that I have to call long distance (at my expense since I am outside of the US), manually place my order and then wait on the line for a confirmation or else call back again (also at my own expense) for the confirmation!

Hope this disuades you from trading with them.

Regards,

Sue



To: Richard Cunnning who wrote (1116)11/11/1999 8:20:00 PM
From: Doug Coughlan  Respond to of 1339
 
Penny Stocks (including BB stock): $14.95 per order (unlimited number of shares); $14.95 for 20000 shares @.50. Some customers complain they are not getting these rates on penny stock orders. Broker assisted for OTC penny stocks under $2: $24.95 + .01/share. Decimal price entry for limit trades.
This is regarding Web Street. The info is taken from this site.
sonic.net