Quote:
Originally Posted by Phanuthier
Wow just checked E-Trade... $6.99 if you do 150+ trades per quarter (thats 600 trades a year, or almost 2 a day) ... day traders?
I'm with BMO Investorline, $10 per trade. Pretty cheap, but horrible horrible interface. Finner, how much is TD Waterhouse for < 50 trades a quarter?
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Investorline? get out quick. I set my parents up with their account about 12 years ago and they have the worst real time quote system in the world. Only 1 real time quote at a time and only through order entry? Thats 1998.
I used to work for Waterhouse and their real time quote system is better. you can check like 10 at a time. I still have my self directed with them but because I trade so little in that account i get hammered with commissions every time. I'm going to move that over to Etrade too.
If you can trade 30 trades a quarter it is a no brainer. The Etrade Power Market Trader is awesome. Real time streaming, real time streaming level 2 and advanced charting. It is better then the StarQuote system we used to use as Waterhouse employees.
Transferring money to your trading account takes 2 days, so kind of slow but getting money from them can be on the same day as long as you request it by 11am(well after your settlement period, unless you have a margin account.)