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Non-Tech : Webstreet Online Broker (www.webstreet.com) -- Ignore unavailable to you. Want to Upgrade?


To: Carl van Rooyen who wrote (59)4/12/1999 12:35:00 AM
From: Dusty  Read Replies (1) | Respond to of 114
 
Boob, National Discount Brokers are getting ready to unvail an new site in the not to distant future. You might look into it.

www.ndb.com/

You can trade unlimited pennys for 19.75 limit order and 14.75 for a market order.

The current site has it problems (have to keep the link activated) or you have to login again. But, I believe they are addressing this issue with the new site. It will soon begin testing and then be ready for use. Check it out.

I have been with them since last Oct and am pleased.

Dusty



To: Carl van Rooyen who wrote (59)4/12/1999 11:14:00 AM
From: Boob  Respond to of 114
 
Yikes,,,that sounds like my present Canadian broker,,,,don't want to trade my troubles in for similar ones,,,,

thanks for the info,,,your experience scares me to say the least about sending them my money

Boob



To: Carl van Rooyen who wrote (59)4/27/1999 1:37:00 PM
From: D PARKER  Read Replies (2) | Respond to of 114
 
Webstreet's attitude about screwing it's customers has not changed. They are still holding orders until it profits them.

From their web page:

******************************************

HOW QUICK CAN I EXECUTE A MARKET ORDER WITH WEB STREET SECURITIES?

Nearly all Market Orders are executed in 6-10 seconds.

*******************************************

Here is an example of a recent order with them:
4/16
10:06 placed market order to sell 5,000 shares (bid at 6.28125)
10:08 filled 1,000 at 6.21875
10:09 filled 1,000 at 6.1875
10:17 filled 1,000 at 5.9375
10:17 filled 2,000 at 5.90625

Notice that it took 11 minutes to fill the market order and if you do the math, I am short about $1200. This is not the only time they have done this to me.
I have been in contact with them about the trading practices they do and I have been told that is perfectly legal and there is nothing they will do to correct the above trade.
Is there some law for false advertising and fraud that keeps brokerages from stealing their customers money?????

You be the judge about who makes money on YOUR trades. If you want to help pay for your brokers new car or house, it will happen quicker here.

Dave