Tim..I just recently got FreeTrade..LUV IT LUV IT LUV IT!..
Best thing I've done in awhile. I don't have alot of money to play with like some of you big hitters and every little bit counts. I did some ciphering and on 144 trades since April with Scottrade I had chunked out over $1500 in fees. To hell with that!..Scottrade promotes their $7 internet market order trades but when you buy OTC's and limit orders like I do alot of the time your looking at $12.95..add another $5 if you call live broker.
Of course FreeTrade is not for a person who often uses a 'live' broker..Freetrade is internet ONLY..but from what I've experienced so far, it seems that executions are faster, & they'll e-mail you in minutes of trade confirmations..of course if you're on line you can see the execution even quicker.
IN MY CASE, also, say I jump on a bad OTC and in minutes I decide to bail...for say a $40 loss..I don't need SCOTTRADES fees of near $40+ total, adding salt to the wound.
Get FreeTrade..I reco it very highly.
dave
PS..was only a few minutes trouble to go down to my credit union and they wired them 5K for a charge of $15..I did that on a Friday morning and my account was good to go the next Monday.
My posts my opinion only, make your own financial decisions.
