http://www.freetradez.com - Free Commissions

Originally posted by wirelessbull
It appears that FreeTradez (i.e. Investor's Advocate, LLC) was suspended by NASD for failure to supply financial information. The concept was certainly appealing (i.e. zero commission direct access trading etc.) but it wasn't to be.

With the demise of FreeTradez, Interactive Brokers is the undisputed best direct access broker out there from a commission standpoint and no ECN fees. Plus they have an army of programmers to work through any software issues. My wife just opened up an account with IB - I'm next.

http://www.nasdr.com/pdf-text/0105dis.pdf

"Firms Suspended For Failure To Supply Financial Information

The following firms were suspended from membership in the NASD for failure to comply with formal written requests to submit financial information to the NASD.

The actions were based on the provisions of NASD Rule 8210 and Article VII, Section 2 of the NASD By-Laws. The date the suspension commenced is listed after the entry. If the firm has complied with the requests for information, the listing also includes the date the suspension concluded."

Among the companies listed is:

Investor's Advocate, LLC
Grand Blanc, Michigan
(April 12, 2001)



Honus the above is why you can't register.

rtharp
 
rtharp, thanx for the info on FreeTradez, no free lunch, huh? I'm trying out InteractiveBrokers, looks good for 500 or under trades. I use TerraNovaMBTrading, flat rate of 14.95 plus fees. Fidelity is also 14.95.
 
Homebrewer read right above on my post. Why would you want to be in touch with a firm being suspended????

There are plenty of traders here they you can just send a check to instead if you want as I'm sure they are happy to have your money.
 
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