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


To: Jack Zahran who wrote (140)12/7/1997 12:59:00 PM
From: Peter Martin  Read Replies (1) | Respond to of 1339
 
This broker claims free trading for $50,000 margin accounts:
Anyone have any info on who they are?
1.InternetTrading.Com (1-800-696-2811):
Commission ($50,000+ margin accounts only): $0 for up to 5000 shares; stock only, not options.
Account minimum (for commission-free): $50,000; otherwise $10,000.
Margin rate: 9% to 10 3/4% (very high).
Comments: This firm is listed below as #13, with $14 commissions for customers with accounts
less than $50,000. If you have the appropriate deposit, InternetTrading.Com is our only
commission-free broker. The major drawback here is the high margin rate.