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

To: B.D.Bauden who wrote (454)	7/20/1998 3:36:00 PM
From: Linda Kaplan	Respond to of 1339

Bruce: There is a way to get an accurate picture of your available buying power online at Web Street Securities, but no one seems to know at Web Street, other than their President. If you scroll down on the left hand vertical menu, click on Account Access, you'll get the info. You're out of the Trading Pit at that point. If you scroll down that same vertical menu again, you can click on Trading Pit to get back there. As for reliable brokers, I'm fussy and I've been satisfied with Brown & Co and with Waterhouse. They're consistent, honest, accurate, reliable. The easiest to navigate online is Brown & Co. Their commission is $10 from 1 through 5000 shares on limit orders and $5 on market orders from 1 to 5000 shares. That limit of 5000 shares per order does make trading cumbersome for large orders but that's the only negative. They charge the same on the phone orders as online orders for their commissions. Their options commissions are much lower than Web Street. Their margin fees are the cheapest anywhere and much less than Web Street. Waterhouse charges $12 for limit or market orders online for quantities of 1 through 5000 shares. Their options commissions and their margin fees are a little higher than Brown & Co. But they are also reliable. Both these companies have gone to bat for me to "bust" a trade on occasion and they're NICE to deal with. They're polite. They don't hang up on me. They manage to keep track of what they tell me and to follow up on promises. I'll never deal with a company where they are rude to me, or where they lie to me. I am gradually getting my money out of Web Street. I gave them several months, at least six months, a very fair trial. Joe Fox made two promises when we talked last week. He said he would see that I got that $100 credit and more. And he said he'd call me back that afternoon. Neither promise has been kept. Linda