American Express Brokerage -- FREE equity trades

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Non-Tech
American Express Brokerage -- FREE equity trades

An SI Board Since December 1999

Posts	SubjectMarks	Bans	Symbol
26	3	0	AXP

Emcee: Brendan W	Type: Unmoderated

Introduction Market Data Compact

I just saw the first advertisement for American Express's online brokerage. It features free equity trades (whether limit or market) for taxable accounts (i.e., not IRAs) when account balances are over $100K. Buy orders are free and sell orders are 14.95 on accounts between $25K and 100K. The other fees a broker charges you (wire xfers, certificating, reorganizations, etc.) seem reasonable. The offering can be viewed at finance.americanexpress.com.

The purpose of this thread is to discuss the performance of the brokerage and to provide detail on rules/practices the broker has which affect customers.

Go to reply# or date (mm/dd/yy):

Reply	Message Preview	From	Recs	Posted
26	Bernie, Thanks for the information! Gary Korn	Gary Korn	-	5/31/2001
25	Hi Gary, I have no experience with 3,000+ share orders. Almost all of the order	Bernie Goldberg	-	5/31/2001
24	Bernie (and anyone else), I'm looking into establishing an account and I ha	Gary Korn	-	5/30/2001
23	Hi, You wrote:<i>I do not think that a name company like AMEX is any more	Bernie Goldberg	-	5/25/2001
22	I recently opened an account here online. I was approved in like 10 seconds. Rea	rjm2	-	9/16/2000
21	I just found out that $7 fee for "bill payment services", a service I	Night Trader	-	9/12/2000
20	I would avoid this brokerage. Free trades for over 100k yes but you can be sure	Night Trader	-	9/12/2000
19	Limit orders, yes. Stop orders I don't think they do on Naz stocks only-- bu	HighTech	-	8/23/2000
18	Any update on your opinion of their service since I am thinking about switching;	dr. z	-	8/23/2000
17	I have transferred three accounts to amex. They have vastly improved their serv	HighTech	-	8/17/2000
16	Any update about american express; i am thinking of using them for stock trading	dr. z	-	8/17/2000
15	Someone asked me how I have been doing with AMEX. Here is my reply: So far so	HighTech	-	4/6/2000
14	Bought my first four or five stocks recently at amex. No problem with getting g	HighTech	-	3/21/2000
13	I just tried their on-line signup where they said I'd be processed in a cou	Don Johnson	-	3/15/2000
12	I opened an account at amex but have yet to trade. I have heard horror stories	HighTech	-	3/13/2000
11	One disadvantage so far is you cannot place stop orders on Nasdaq stocks	Zencone	-	3/13/2000
10	Brendon, I just got off the phone with customer service whose response time is	Gemini	-	1/12/2000
9	I have been paying $250 mo for this L2 info but don't trade enough anymore	anacot	-	1/6/2000
8	Hey Max, let me know what you think. And how painless/painfull the process of	Bobo Bear	-	12/29/1999
7	HT, you can open an account online and get approval and an account # and passwo	max power	-	12/29/1999
6	I don't have an account with them at this time. I have read mixed reviews a	HighTech	-	12/29/1999
5	HT, what is your opinion on the service at am exp? I have opened an account but	max power	-	12/29/1999
4	Did you have a comment? If so, it's not readable. HiTech	HighTech	-	12/24/1999
3		fei	-	12/24/1999
2	I read where some people signed up with amex and were charged for their trades	HighTech	-	12/20/1999

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