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Non-Tech : Datek Brokerage $9.95 a trade -- Ignore unavailable to you. Want to Upgrade?

To: JayMeister who wrote (7522)3/25/1998 12:26:00 PM
From: Jack  Read Replies (1) | Respond to of 16892
 
What does Schwab charge for doing business with them?

Would that be a good online broker?

BRGDS

Jack



To: JayMeister who wrote (7522)3/25/1998 12:31:00 PM
From: Jack  Read Replies (1) | Respond to of 16892
 
Yes they can but as you may know
the decimal must derive from being
a multiple of 1/32 when nasdaq and
1/16 when AMEX, NYSE.

example:

buying NASDAQ stock 20.03125, 20.06250 ... 20.96875

BTW can anyone tell me if enabling margin account with
Datek includes any fees. I mean is 7%APR their only
income from lending or is there a fee. Furthermore is 7%APR
aplied to every amount that is margined or is for instance
10.000$ some minimum amount for this 7%.

Best Regards

Jack


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