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Politics : Gold and Silver Stocks and Related Commentary -- Ignore unavailable to you. Want to Upgrade?

To: goldsheet who wrote (1606)	12/24/2004 12:25:52 PM
From: loantech	Respond to of 18308

I know Wayne likes Penntrade. I actually am quite happy with Scottrade. I get the internet rate but they give me alive broker. They do route the trades by email and do not give depth on the Canadian stuff but I am happy none the less.

To: goldsheet who wrote (1606)	12/24/2004 6:34:12 PM
From: darra	Respond to of 18308

Penntrade has superb service as far as I am concerned. From the time I key in a trade in California to execution by Cannacord in Canada is about 5 to 7 seconds. Every tenth trade is free. Nothing to not like.

To: goldsheet who wrote (1606)	12/24/2004 7:06:30 PM
From: basserdan	Respond to of 18308

Since you mentioned Penntrade in your post, I thought I would post their URL penntrade.com I have not used them as a broker, but $29.95 flat online trades seem fair, especially for US investor buying Canadian shares. Anyone have experience with them ============================================================== Hi Bob, I am a happy Penn Trade user and have yet to have had a problem of any sort with them. Wayne Agee originally turned me on to them and I couldn't be happier. One has to place his/her trades in Canadian Dollars, but their on-site currency converter makes that requirement a snap. Their only drawbacks are that they are not licensed in all 50 States as a couple of my Chicago buds found out, much to their disappointment and that all margin a/c's have to go through a Penn Trade broker which carries a higher commission rate. I suggest you start filling out their online customer application to see if your state of residence is one that they are licensed to do biznez in. Good luck and thanks for the splendid contributions you 'bring to the table.'

To: goldsheet who wrote (1606)	12/25/2004 9:55:28 PM
From: jackjc	Respond to of 18308

Have used them for years, great outfit. Some minor points : 1. Their conversion to USD for entry works fine, but open orders will need to be adjusted for major USD moves each day or during day for big moves. I usually leave a little slack to allow for this. They are working on making this adjustment automatic. 2. They show every piece of the trade, sometimes many small pieces, need to be summed at EOD, programs can do this but I still do it manually. 3. Reporting back from Canada on the execution used to be sometimes a matter of hours (Canada brokers fault), now execution in seconds for at bid/ask and reporting usually in minutes. (Can see the execution on Stockwatch anyway). 4. If you have 4 mo Canada hold on the certs, better to remove them yourself thru the xfer agent. (Canada brokers don't require this, only US wants the certs completely clean.) If you have 12 mo US hold, Penntrade can handle this, but takes sev wks. Penntrade has been improving steadily and expect more. Swell people all the way, every one.