SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : SSA (SSAX) BPCS/Client Server -- Ignore unavailable to you. Want to Upgrade?


To: Cali who wrote (698)3/11/1998 7:32:00 PM
From: B. K.  Read Replies (1) | Respond to of 915
 
You may also want to take a look at Datek:
www.datek.com
$10 per trade and not bad from my experience



To: Cali who wrote (698)3/11/1998 10:35:00 PM
From: IngotWeTrust  Respond to of 915
 
Hi, Cali. On other online svcs, Prodigy in particular, eTrade has received some well thought out, seemingly well deserved BLASTS from very VERY unhappy customers and now former customers.

I usta do biz with J.B. Oxford...that is until I read the Business Wk expose' on their company and questionable "principal" and his lousy track record with previous brokerage firms he was a principal w/. Closed that account properly. Trading's hard enough, without a scuzzy self-service principal in the mgmt mix.

I considered Datek, until I heard they basically could be summed up as a bunch of generation X'ers who are SOES bandits and liked doing the online trading thing w/the public so that they could use the order flow to bet against you, the customer. This was from someone who went to visit their set-up in person and came away with his 50K and a very bad taste in his mouth. I decided I didn't need to do biz w/someone who had set up online trading just to bet against me.

I never heard anything nice about PCFN, online arm of Donaldson Lufkin Jenerette, and also associated w/Prodigy.

That left me Waterhouse and Trading Direct.

I picked Trading Direct because it is the online arm of a very large and major reputable brokerage firm, York Securities. Started with a small amount, to get out the wrinkles. It's been 10 weeks now. $9.95 per up to 5K shares.

Trading Direct and Waterhouse may bet against me, but I don't think that is the sole reason they offer online trading through their trading room.

Am also thinking of adding Waterhouse as well, since I understand they can clear Canadian stocks. Waterhouse also lets us US citizens short Canadian stocks, as a registered clearing broker dealer, a rarity in the US frankly.

These are my understandings of the scuttlebutt and you're welcome to chose whatever works for you.



To: Cali who wrote (698)3/12/1998 1:12:00 PM
From: Peter W  Respond to of 915
 
Cali

I use Datek, and have no bad experiences to report (other than difficulties getting on sometimes - mainly around 10am est).

I've also heard good things about Ameritrade, though I've no personal experience of them.

Peter



To: Cali who wrote (698)3/12/1998 1:42:00 PM
From: milt  Read Replies (1) | Respond to of 915
 
I'm fairly well satisfied with Discover (run by Morgan Stanley Dean Witter) at discoverbrokerage.com. On-line equity trades are $14.95 and most options trades are $3 per contract. You get realtime quotes for free and some research, but not much. The site is well organized and easy to use--Smartmoney rated it #1 in their 1998 review; however, I find it slow, but they say they are working on more speed. Charles Schwab's site is faster and has lots more research; however, on-line trades are $29.95 and options are more, too.