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Alias Born | 03/12/2012 |
Thursday, April 20, 2023 8:54:29 AM
If your order is only partially filled on Day 1, if it gets filled on some other day, you may be charged a second commission fee . (!)
Worse, let's say your order gets partially filled at 10:00 a.m. on Day 1 and slowly gets completely filled by the end of the day in 8 randomly-sized parts. You won't believe this.
When you go to sell these 8 partial fills, if you choose, as I sometimes have, to sell all 8 lots, you will be charged a commission for each partial lot. My account rep knows of NO remedy for this unfair practice.
When buying a stock with very low PPS, like CLHI, your commissions may sometimes exceed the value of your purchased lots. (!)
Worse still, if you need to complete a certain number of purchases each month, or quarter, in order to qualify for commission-free trades, all theae partials, buys or sells, DO NOT COUNT towards achieving this commission-free threshhold even though you may have paid a separate commission for each transaction.
I find all of this seriously unfair. I would love to learn of your opunions here and of your experiences with other broker houses.
Thanks, your friend, THV.
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