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I used WebStreet for a little while. Their response, fills, and getting orders
to market were all painfully slow. I hear they're better now. The main problem
is that they take every chance to gouge you. If you enter a limit at 1/2, and
during the long painful wait for the confirm page to load, the offer has moved
to 7/16, you get filled at 1/2. Datek and Etrade make an effort to get you the
best price and will fill you at 7/16.
Yes, you get 1000 lots for no commission with MARKET orders. Considering how
you can get robbed even with limit orders, a market order is a license to
steal.
In a message dated 98-09-05 17:44:56 EDT, kentr@xxxxxxxxxxxxxxx writes:
> The one site the looks like it is the best for daytrading to me is
> WebStreet. $7.99 per trade. Someone help me out on this one: somewhere on
> their site, it looks like they claim you can trade NASDAQ securities in
> >1000 blocks for free! Is this possible?!? Anyway, Level II, really nice
> layout for monitoring/placing trades, but I heard some REAL nightmares on
> Motley Fool. Can't confirm.
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