To: Trader J who wrote (110 ) 11/3/1998 12:40:00 PM From: AugustWest Read Replies (2) | Respond to of 56535
jeff, here is a link to brown and company. It'll still be another month until I have the resources to sign up with them, but will let you know how it goes. The trade price is nice, but I'm just as interested if not more in the speed of the site. sometimes a minute or two is the difference between red and black. brownco.com from req. page. Initial Requirements. If you meet our requirements, we welcome you as an investor. That means you have: at least five (5) years of investment experience; a net income of at least $40,000 a year from all sources; and a net worth of more than $50,000 (exclusive of family residence). You must also be prepared to open your account with a minimum of $15,000 in cash and/or securities. If you meet these requirements, you can start taking advantage of our low rates as soon as we approve your application and receive the required initial $15,000 deposit. Margin Accounts. To simplify our procedures, we require that all margin-eligible accounts be opened as margin accounts. Of course, the margin provisions apply only when and if you borrow money from us or sell short. In other words, the margin account provides you with a line of credit you can, but need not, use. Cash Only Accounts. Cash only accounts are limited to those which cannot legally qualify for margin treatment (e.g., IRA and Custodianship Accounts). IRAs. Brown & Company offers a self-directed IRA to qualified customers. The minimum initial deposit is $5,000. To request IRA information, please see the Application Request section. Custodianship Accounts. Brown & Company offers Custodianship Accounts to qualified clients. They are offered primarily to those who have qualified for and opened a regular trading account with us. For information give us a call at 1-800-822-2021.