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To: George Davis who wrote (976)2/8/1998 12:46:00 AM
From: Mondak  Read Replies (3) | Respond to of 6464
 
George: I was with Farsight as well and finally transferred over to Ameritrade. I haven't checked every brokerage firm out there but am satisfied with Ameritrade thus far.

Ameritrade positives:

A: Fast fills (5 to 10 seconds on average for market orders)
B: Commissions: OTC BB stocks are all $18.00 over the phone (unlimited shares) Other US exchanges can trade over Internet for $8.00 (market orders) Limit orders are an extra $5.00.

Negatives:

A under staffed and slow to answer the phone sometimes. (4 to 10 minutes average)
B: System is slow to confirm (5 to 15 minutes) however, they are currently upgrading their system (I think).

Overall, they've suited me fine. Their delay in picking up the phone is by far the worst strike against them, but hopefully they'll get enough heat from their clients to expand their staff or upgrade their phone system, etc,

Hope this helps a little.

Mondak