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Non-Tech : Always Looking for Cheap Internet Brokers -- Ignore unavailable to you. Want to Upgrade?


To: mtnres who wrote (74)11/17/1997 9:40:00 AM
From: Judith  Read Replies (2) | Respond to of 602
 
For those interested, the following are the results of my search for a Farsight Replacement.

The primary issues for me were low flat fee, trading online without a broker, limit buys, and no cost per share for BB stocks. Reviewing the list of discount brokers online, I reduced the list to 3 brokers which I called this morning. The following is what I found out.

Tradewell - there is a $.01 per share cost for BB stocks over 5000

Tradestar Express - they do not handle BB stocks online without calling a broker

NDB - This appears to be the only company that meets my requirements. They handle BB stocks, do not have a cost per share for BB stocks, $14.75 a trade, $19.75 for limit trades, provides real time quotes, must have cash in account to buy BB stocks, have IRA accounts with a $35 per year maintenance cost (unless there is $10,000 in account) and a $50 cancellation fee, and handles dividend reinvestment ($1 fee for each reinvestment). An account can be opened by downloading their application from their web site and sending in (estimated 2 days) or calling for application.

It looks like NDB will be the best replacement for Farsight that I have been able to find. Hope this helps some others.

Judith