|
PureBytes Links
Trading Reference Links
|
I can offer good news and bad news about my experience with E*Trade.
The good news is that they have a really great Internet site. Good
stock information, and good accounting information. The trades are
moderately priced, most of mine running 19.95 rather than the advertised
14.95 because I mostly use limit orders and/or the OTC. (You can trade
for as low as $9.00 elsewhere on the internet).
The bad new, for me a few months back, is that they messed up a transfer
of an account, putting the money into the wrong account, causing me to
spend a long time just finding out where it was. Then they gave me
much grief in trying to get them to straighten it out. They finally
did, but it took much too long and I had to sit on hold through many,
many calls to get it fixed. I have since learned that I was not alone
in tangling with their poor customer support.
Check out this site where you can get some good information from live,
often complaining customers, both favorable and un-favorable, on most
all of the discount brokers.
http://www.astro.lsa.umich.edu:80/users/philf/www/discount.html
Leo
Randeep S Grewal wrote:
>
> I am gradually getting set up to trade; having spent a couple of years
> reading and setting up things (eg PC etc).
>
> The question arises who should I use as broker?
>
> I would prefer to trade in the UK as I live here and get UK data from
> Prestel - any suggestions (preferably electronic acceptance of orders).
>
> However from the metastock list I get the impression that the US market
> may be easier to trade electronically.
>
> Having looked around on the net I have been particularly attracted by:
> E*Trade
> ebroker
> www.rapidtrade.com
>
> I would appreciate any opinions.
>
> Furthermore I would like advice on where to get US data from.
>
> I am impressed by the various web sites offering free prices but would
> ideally like to download historical data for processing by MS4W for
> explorations.
>
> I would also like specific advice on StockVue/quotecom and whether this
> product includes historical data and whether it can be transferred into
> MS4W.
>
> In the UK we have to pay for local calls (plus I am always short of
> time) therefore I would ideally like an Internet site from which I might
> download data via a Java applelet on a daily basis into MS format
> (ideally the whole market in one go - ie not have to download every
> security separately).
>
> One thought I have had is to upgrade to version 6.0 and use the CD data
> but I am not sure how much the cost of subscription to keep the data
> upto data would be.
>
> Regards to all
> Randeep
>
> (Yuk - just received an email from Schwab saying they will charge $100
> per year to cover phone calls as I am a non-US customer. Last year they
> bought Sharelink - the UK's biggest stockbroker (eg 10% of all equity
> options trades on occassions))
> --
> Randeep S Grewal
|