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Please explain: The difference between direct access brokers and web-brokers.
Thanks,
Frans
At 09:25 4-4-2001 -0700, you wrote:
>Save yourself a lot of frustration and losses and go to a direct access
>broker that supports realtick or something similar. TerraNova,
>EquityTradingonline, Cybercorp spring to mind as good ones, although since
>Schwab bought out Cyber, their reliability has been going downhill and
>their commissions haven't gone down, so the first two are probably better
>bets. Unless you plan to trade purely on end of day data and don't care
>as long as you get filled within $1 or so of your target price, even the
>worst direct access broker is infinitely superior to web brokers.
>
>At 07:01 AM 4/4/2001 -0800, you wrote:
>>I am thinking of using a discount firm to trade on the internet. I would
>>appreciate any pro and con opinions and experiences of using ETrade vs
>>Ameritrade vs TD Waterhouse as a discount broker. Schwab is not to be
>>considered. Any other firm suggested could be considered.
>>If the MS members feel that the response is not MS related you can email
>>me directly at linoaalessi@xxxxxxxxxxxxxx
>>Thanks and successful trading
>>Lino
>
>
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