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


To: jaytee who wrote (1269)2/23/2000 8:43:00 AM
From: Tech Master  Read Replies (1) | Respond to of 1339
 
Whether or not your order gets filled isn't a function of the service that Web Street provides its customers..... its a function of the market makers on any particular stock.

To date, my experience with WS has been mostly very positive. Every firm has its "issues" but I think that WS is heading in the right direction and I'm staying with them.



To: jaytee who wrote (1269)2/23/2000 10:43:00 PM
From: B.D.Bauden  Read Replies (2) | Respond to of 1339
 
jaytee,

Not everyone is as enthusiastic about Web Street as Tech Master. He has lead a charmed life when it comes to his dealings with this brokerage firm.

In the interest of equal time for opposing view points you may want to read this post from a year ago.

www3.techstocks.com

I no longer have an account with WS, but it has been my experience that they are extremely slow at filling orders and order cancelations are pretty much ignored. If you call about a problem, they will blame someone else and leave you hung out to dry.

Tech Master is correct when he says that it is the market makers that fill the stock, but for some reason (and I know this from watching dozens of transactions on Level 2 quotes) Web Street's orders are the last to be filled. If you place a limit order to sell a stock at the ASK, it will not be filled unless the price rises through it. If your offer is competing to get filled with offers from other market makers, you can just about forget it.

Good Luck

BDB



To: jaytee who wrote (1269)6/19/2000 10:36:00 PM
From: Craig Bartels  Read Replies (2) | Respond to of 1339
 
If you want a real broker, go with Cybercorp at www.cybercorp.com. I had webstreet before moving to Cybercorp, there is no comparison. Webstreet hasn't changed at all in over two years. In fact, their website hasn't been updated in years, when are they going to actually update the interface? Their stock shows it, the company is horrendous. Another decent broker online is Datek, I opened a small account just to try it out, been fairly happy with it. ABwatley is awful, their phone support is extremely rude. Etrade way to slow, even though I still have an ira there. Not tried any of the other brokers.

chbartel