Re: [CANSLIM] Schwab Sux

From: Kent Norman <kent_norman@yahoo.com>
Subject: Re: [CANSLIM] Schwab Sux
Date: Thu, 7 Mar 2002 13:45:12 -0800 (PST)

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My problems with Etrade are why I moved to Datek.
Kent

- --- Gene Ricci <genr@swbell.net> wrote:
> Tim, that charge isn't for active traders. I wish you luck at E*Trade
> because I had nothing but trouble when I used them (very poor order
> fills and at least one accounting error per month) until
> the summer of 2001.
> 
> I'm a very happy Schwab customer and only pay $14.95 per trade
> because I'm an active trader. 
> They also provide Level II and Street Smart Pro at no extra charge.
> 
> Active Traders Trade Equities for as low as $14.95!
> 
> Through Schwab's tiered pricing, consistently Active Traders can get
> consistently lower commissions with equity trades for as low as
> $14.95 per trade including limit and Nasdaq orders.
> 
> Schwab's Active Trader Commission Discounts Pricing for Equity
> Trades* Up to 30 Qualifying Trades* 31-60 Qualifying Trades* 61 or
> More Qualifying Trades* 
>       1,000 shares or less $29.95 per tradeš $19.95 per trade $14.95
> per trade 
>       More than 1,000 shares $.03 per share $.02 per share $.01 per
> share or $14.95, whichever is greater 
>       *per account per quarter 
> 
> Get Discounted Pricing on any of our Automated Trading Channels
> Now Schwab has the same low commissions for equity trades placed
> through any automated trading channel. So whether you use schwab.com,
> StreetSmartProT, VelocityT, TelebrokerŽ, Schwab by PhoneT, or
> PocketbrokerT Service, you can enjoy equity trade commissions as low
> as $14.95 limit orders on all exchanges.
> 
>   ----- Original Message ----- 
>   From: Tim Fisher 
>   To: canslim@lists.xmission.com 
>   Sent: Thursday, March 07, 2002 9:50 AM
>   Subject: [CANSLIM] Schwab Sux
> 
> 
>   I was never that happy with my Schwab 401k account, and now they
> have added 
>   the straw that broke the camel's back. Seems they now charge a
> $3.00 
>   "handling fee" on both ends of their already expensive commissions
> ($29.95; 
>   the former volume discount is gone). I am pulling it and giving it
> to 
>   Etrade today. The worst thing is, it's a new fee as of March 1 and
> they 
>   didn't even have the courtesy of notifying me. Just slapped it on.
> If I had 
>   known I would have opened an Etrade account immediately, which I
> guess is 
>   why they didn't tell anyone.
> 
> 
>   Tim Fisher
>   Ore-ROCK-On Rockhounding Web Site
>   Owner, Fisher Fisheries, Ltd.
>   mailto:tim@OreRockOn.com
>   WWW http://OreRockOn.com
> 
> 
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> ATTACHMENT part 2 image/gif name=px_white_FFFFFF.gif



=====
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