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Old 06-30-2006, 04:11 PM   #1
grassferret
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I have a Wellstrade account. Usually I get my trades for $9.95, but penny stocks make me pay a much higher commission. Does this happen to anyone else with their discount brokers? It's really pissing me off. I'm thinking about getting into DTNK, but it costs me near 30 bucks!

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Old 06-30-2006, 04:14 PM   #2
Malakas007
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i use td ameritrade where its $9.99 for unlimited shares of any stock.
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Old 06-30-2006, 04:22 PM   #3
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Default Re: can someone please comment

Quote:
Originally Posted by grassferret
I have a Wellstrade account. Usually I get my trades for $9.95, but penny stocks make me pay a much higher commission. Does this happen to anyone else with their discount brokers? It's really pissing me off. I'm thinking about getting into DTNK, but it costs me near 30 bucks!

Thanks,

MR. GF
Since penny stocks are not readily available in all exchanges except otc, pink sheets, and bulletin boards, they require more work to buy and sell. Scottrade does the same.

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Old 07-01-2006, 01:32 PM   #4
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No extra charge with E*Trade.
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Old 07-01-2006, 03:26 PM   #5
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No extra charge for First Trade, trade penny's for 6.95!
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Old 07-01-2006, 10:00 PM   #6
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Quote:
Originally Posted by David411
No extra charge for First Trade, trade penny's for 6.95!
from First Trade's website....

"$6.95 - Unlimited Shares

For stocks at or under $2.00 and trades over 5,000 shares, add 1/2 cent per share for the entire order."

https://pageserve.firstrade.com/publ...mfees_home.htm
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Old 07-01-2006, 11:06 PM   #7
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Thanks for the help. I may in fact switch now. Any downsides to First Trade?
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Old 07-01-2006, 11:42 PM   #8
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One more thing as well. Has anyone transferred brokerage accounts. First Trade says it takes about 2 weeks. If I were to change from my WellsTrade account, does anyone know if I would still be able to trade during those two weeks? Has anyone done this before?
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Old 07-02-2006, 03:50 PM   #9
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Quote:
Originally Posted by bahroor
from First Trade's website....

"$6.95 - Unlimited Shares

For stocks at or under $2.00 and trades over 5,000 shares, add 1/2 cent per share for the entire order."

https://pageserve.firstrade.com/publ...mfees_home.htm
I tried buying a sub penny stock once and they were charging me $700+ in commissions!
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Old 07-03-2006, 02:59 AM   #10
InvestingMoron
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First Trade sounds just plain stupid.

I have Scottrade, I'm pretty pleased with them.

E*trade sounds like a good deal for this, and my buddy has TD Ameritrade. I think he has $9.95 flat fee.

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