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7/3/2009
Friday morning
This topic is closed off and you will be taken directly to the website.
Topics taken from open source list. I hope you find this useful.
This site is for our clients only as an information resource.
| Schwab One (1-800-E-SCHWAB) (http://www.eschwab.com):
Charles Schwab (1-800-540-9874) (http://www.schwab.com):
After January 15, 1998, all Schwab accounts will be able to access
both eSchwab and broker assistance with the rates listed below.
Commission (online): $29.95 for up to 1000 shares, then .03 per share;
$149.95 for 5000 shares.
Broker-assisted: start at $39 ($82.40 for 100 shares @40), go up into
the hundreds ($265 for 5000 shares @$20; $705 for 5000 shares @$100).
Options: $37.50 + $1.75 per contract and up (based on value); $39
minimum.
Margin rate: 7 1/4% to 9 1/4% (high).
Money fund yield with sweep: 5%.
Account minimum: $5000 (online); otherwise, no minimum; $2000
(margin).
IRA annual fee: free; setup and closing fees not known.
Real time quotes: 100 free for each trade + 100 free on opening
account.
Restrictions/warnings: Lots of odd charges: $6.95 shipping for free
E-Schwab software; $5 to transfer funds between Schwab & E-Schwab;
$7.50 per quarter; $5 per month. |
| Olde Discount (1-800-USA-OLDE) (http://www.olde.com):
Commissions: start at $20-$40 for 100 shares, and go up sharply, to
$152.50-$325 for 5000 shares. $77.50-$175 for 2000 shares.
Penny Stock: $15 + .03 per share ($20 minimum).
Options: $40 and up.
Account minimum: no minimum, $2000 (margin).
Perks: Customers who maintain $500,000 in their accounts can trade
commission-free. Special rates for round turns within 30 days.
Customers can BUY commission-free IF they order 1000 shares or more,
but on sales the regular commission applies.
Overall service rating: if you want a personal broker, good.
Comments: Former customers have made serious charges against Olde
brokers who tried to sell them stocks they didnt want. Typical
comments: I used them for several years and [their suggestions]
caused me to lose quite a bit of money. My broker advised me to
purchase 5 stocks. . .and every one of the five has gone down. They
bought stocks on my account without my authorization. . .and it went
do. |
| Kennedy-Cabot (http://www.stockup.com/quote/cabot.sht)
(1-800-252-0090):
Commissions: start at $33 ($30 + $3 fee) for 100-600 shares, then they
go up: $83 for 1600 shares @5.
Odd Lots (1-99 shares): $23 ($20 + $3 fee).
Options: $30 + $1.50-$3.00 per contract.
Margin rate: Brokers call +0% to 1/2% (very low).
Money fund yield with sweep: 4.71%.
Account minimum: not known, $2000 (margin).
Real time quotes: by touch-tone phone.
Perks: 392 no-load no-fee mutual funds; others at $25.
Overall service rating: good.
Comments: Founded in 1960. No online service yet. Customers have
offered mixed comments. Service is good. Will negotiate lower
commissions for good customers. In five years, I have never had a
problem. They will not confirm time and stamp of fill, and his
options orders have not been knowledgeably handled. But one happy
buyer says: They charge $23 for any odd lot [and will send] the
certificate to you at no additional charge. Im fed up with
Kennedy-Cabot. [I was] put on ho. |
| Regal (1-800-786-9000) (http://www.regaldiscount.com):
Commission (online & touch-tone): $26 for listed stocks up to 2000
shares, $22.50 for Nasdaq stocks up to 999 shares; then .018 per share
for listed, and $18 for Nasdaq (10% discount from broker-assisted
rates).
Broker-assisted (phone): $29 for up to 2000 shares of listed stock;
$25 for up to 999 shares of Nasdaq stock; then .02 per share for
listed stock, and $20 for any number of shares on Nasdaq.
Foreign Stock: $10 + .02 per share ($29 minimum).
Options $29 for 5 contracts, then $1.50 per additional contract.
Margin rate: 1/2% above to 1/2% below brokers call rate (very low).
Real time quotes: 50 per trade.
Perks: Accepts stop loss and buy/write orders for options. First
trade is free. Free checking.
Restrictions: $50,000 account required to write put options.
Overall service rating: very good.
Comments: Regal gets honors for its complicated commission schedule,
although Empires schedule now rivals it. Customers say. |
| Bidwell (1-800-547-6337) (http://www.bidwell.com):
Commission (online): about $6 less than regular; one customer says
100 shares of MSFT @ $22 Internet and $28 for broker.
Commission (regular): $21.25 ($20 + 1.25 fee) plus .05-.08 per share
up to 500 shares, then $30-$45 + .03 per share; $26.25-$29.25 for 100
shares; $60-$75 for 1000 shares; $180-$195 for 5000 shares.
Penny stock: 5% of principal ($21.25 minimum).
Options: $27 + $3.00 per contract.
Margin rate: 7.75%-8.75% (above average).
Account minimum: no minimum.
Real time quotes: free.
Perks: 281 no-load no-fee mutual funds.
Overall non-online service rating: very good.
Comments: Service reported as very good: I have been completely happy
with them.(4/9) A real person will talk to you with a minimum of
wait and electronic prompts.(4/19) Confirms trades on the phone.
One customer says that if you insist on high-quality service, their
commissions are pretty competitive. Executions have been good, no
price improvement though.. |
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