Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Strategies & Market Trends : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?

To: Risberg who wrote (3636)	4/3/1998 10:33:00 AM
From: Sword	Read Replies (1) \| Respond to of 12617

OK, here is the deal direct from DBC for the "free" Level II: StockEdge Online fee: $79 NASDAQ Exchange fee: $ 4 Monthly exchange fee: $50 Monthly DBC fee: $50 Total: $183/month If you are a prepaid customer of StockEdge Online (paid for an entire year of the service) then they waive the $50 per month DBC fee. You still have to pay the monthly exchange fee for level II. Total is then $133/month. If you open an account with Dreyfus, they will refund $75/month if you make just 5 trades. Total is then $58/month. This is probably the least expensive avenue to getting Level II that is out there. By the way, Dreyfus trades usually execute in about 15 to 20 seconds, online. Commission is $15/trade. Not bad. Dreyfus also treats you well. They were having trouble with their NASDAQ connection a month ago. One of my online trades didn't execute for 4 HOURS! When it did go through the price was $25.50 instead of $27.75. I called and they gave me the ASK price that was indicated when I submitted the order which was $27.875. I think they must have eaten the difference. That's service! I've recently decided to open an account with MB Trading to do my daytrading. Instead of closing my Dreyfus account and transferring my money, I'll make do with a smaller balance in the MB account and keep my Dreyfus account for long term investments and still trade with them periodically to reward them for their years of excellent service. But I plan to close my StockEdge Online account because it would be redundant with the MB Trading capability. -Jerry