Freetrade.com by Ameritrade

Discussions about brokerage firms for futures, stocks and other tradeable instruments.
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NeueZiel
Roundtable Knight
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Location: Montreal

Freetrade.com by Ameritrade

Post by NeueZiel » Tue Apr 20, 2004 2:52 am

Hello...

Has anyone used or heard of freetrade.com?
Their commission structure and model is very interesting.
The only drawback is that all inquiries must be done thru e-mail and there is no live customer support to assist you if you have any questions or problems that need to be resolved.


At the present time I am using Cybertrader owned by Charles Schwab to perform my trades. Used to use TD Waterhouse but the fees are always increased without notice. And the support is terrible at times. Many disgruntled employees.

Mark_et_Lizard
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Post by Mark_et_Lizard » Wed Apr 21, 2004 11:09 pm

I use 'em. Fantastic. Zero commission on first 25 trades. Zip, 0, nada. $3 a trade after that. Great for super small accounts. If you're just starting out, you can test your idea trading just one share and actually be profitable with out commisions killing it. If you find something that works just through a few 000s after it. Plus, when cold calling brokers get you on the phone and ask how much commision do you pay and you tell them nothing, you can literally hear their jaw drop.

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