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Anyone ever hear of or trade through Marsco? They're offering $3.95 trades.
- Thread starter Marc to Market
- Start date
Quote from Marc to Market:
Yep, still trading with them. I'm actually still paying $1 a trade after my 200th trade. See the email below:
Your Freetrade account is moving to Ameritrade Izone!
Dear Valued Client,
Ameritrade has launched a brand new trading platform - Ameritrade Izone. We designed Izone with some of the same great low-cost features you enjoy at Freetrade by Ameritrade like NO share limits and NO maintenance or order handling fees.1
At the end of the regular market session on April 29, 2005, Freetrade accounts are being transferred to Ameritrade Izone.
What Does That Mean For You?
Izone is backed by considerable technical and business resources. This will give Izone the ability to offer additional trading features and continued enhancements to Ameritrade Izone⢠clients.
With Ameritrade Izone, you'll enjoy advanced trading technology and more access to trading features including:
* FREE real-time quotes.
* The ability to create your own UserID and password.
* Enhanced stop-limit orders - At Izone, you can set a stop price and a separate limit price.
* Short selling in the Extended-Hours Trading session.2
* Customizable home page.
* The ability to create equity order defaults so your trading ticket fits your style.
* Programmable timeouts that allow you to set both the amount of time your trading site remains idle before logging you out and the length of time your review order screen is available before closing.
And, because of your very special relationship with Freetrade, we will continue to offer you the Freetrade commission schedule:3
* FREE commissions on first 20 equity trades every month
* $3 commission on trades 21-100
* $2 commission on trades 101-200
* $1 commission on trades 201 and higher
That's right, despite the commissions on the Izone site you're among a select group of clients to receive the Freetrade commission schedule instead.
Please review the Izone margin rates and service fees.
Click here to find out more about Izone.
What To Do Now
Nothing. Any subscriptions you have at Freetrade will be automatically transferred at the same rates. Account history, banking instructions and tax information from your Freetrade account will automatically transfer to Izone. Even your account number and PIN will stay the same.
And just like Freetrade, everything at Ameritrade Izone is electronic. You'll use the Internet to retrieve statements and trade confirmations, fund your account and contact Client Services.
Once The Transfer Occurs...
You'll simply use your account number and PIN to create your own UserID and password. That means more convenience and greater account security for you.
Freetrade Will Close On April 29
As the day approaches, we'll send you more information on what's happening. In the meantime, take a look at the links in this e-mail for more information about Izone and review the minimum system requirements for the Izone site.
We're confident that you'll enjoy all the new trading features your Ameritrade Izone account will give you. If you have any questions before the transfer, please e-mail our Client Services department.
We appreciate your business and look forward to serving you as an Ameritrade Izone client.
Sincerely,
James A. Ricketts
Vice President
Freetrade
P.S. If you don't wish to have your account converted to Izone, you must initiate your transfer to another firm by April 25.
Anyone else can back this?
I send Izone an email inquiring about the freetrade fee schedule. It was denied out right.
hi kelly55,
what the posters in this thread mean ... is there are too many steps you must go thru to place a trade
it all depends on how you define active
some brokers and apparently this one require the trader to enter / submit their order ... and then review the next screen showing the order ... and then click a button confirming they want to place the order ... and then they must go to yet another screen / page to confirm the order was filled
you can see how this won't do for active traders of fast moving stocks who are seeking less than a nickel gain
many of these positions are held for less time than it will take you to confirm you made the trade (with such a system)
now for slow moving stocks ... well i've been looking for an angle but only extensive real trades will tell the tale
and even then you have to do about 10k blocks and only trade certain stocks to even consider it
what the posters in this thread mean ... is there are too many steps you must go thru to place a trade
it all depends on how you define active
some brokers and apparently this one require the trader to enter / submit their order ... and then review the next screen showing the order ... and then click a button confirming they want to place the order ... and then they must go to yet another screen / page to confirm the order was filled
you can see how this won't do for active traders of fast moving stocks who are seeking less than a nickel gain
many of these positions are held for less time than it will take you to confirm you made the trade (with such a system)
now for slow moving stocks ... well i've been looking for an angle but only extensive real trades will tell the tale
and even then you have to do about 10k blocks and only trade certain stocks to even consider it