Replies to post #17077 on Praxsyn Corp (PXYN)

[Ecclesiastes 5.19]

Daniel, I would say it's time to change to someone like TD Ameritrade where you are only charged $9.99 per trade and no surcharge.

[Atlanta1]

Daniel - You need to totally stop using that broker for small stocks.

You would be MUCH better off saving your funds until you could open a small account with a broker like e-trade or Fidelity.

[Nomad505]

Maybe you should change brokers...

$230 for three trades is outrageous.

I suppose that they may be paying somewhat more for an OTC trade but if other brokers can afford a flat rate then they should be able to do it as well.

While I was waiting for a response from Scottrade I concluded that part of the reason for the charge is to protect investors and nudge them towards less volatile stocks. HOWEVER, they're also making a killing...

I haven't made any final choices and have only done preliminary investigation into an alternative.

My research was pointing me towards Tradestation. They have a per share rate and I could choose my market maker. I could be trading on ANY one of them as I wanted. I found that appealing. I could be trading on VNDM or PUMA if I wanted to.

The only downside I found is that they want you to trade a minimum of 5,000 shares a month or you're going to be charged for the software. It would be easy except pennies aren't counted in the 5,000 shares.

Choosing a brokerage is a pretty big choice. Once I started looking around I discovered all the things I was missing out on. I will eventually make a move. I want to do a whole lot more DD before I make a choice.