Help with choosing broker - Page 2 - Penny Stocks

misterfriendly · Tue, 01-02-2007, 07:32 PM

I'm currently going to switch brokers from scottrade to something else. Three brokers I'm considering are

Choicetrade
Lowtrades
and MBtrading.

I know MBtrading will eat you out alive like scottrade on subpennies, but my trading range will be from .50 - up. Their plan is 4.95 for up to 4000 shares. All three have a custodial account which i need.

Choicetrade has a good $5 flat, but it has no special orders, just market, limit, and stop.

Lowtrades I've heard a couple bad reviews, and not really heard a lot about it. However, lowtrades and mbtrading both have the special orders, like trailing stop.

Any personal experiences would be helpful.

Barrons article to MBtrading (bottom of the page) - Sponsored by MB Trading and reprinted with permission 1-800-843-0008

capt_nemo · Tue, 01-02-2007, 07:47 PM

one must sign up for at least their minimum trading platform with L2 and the likes, but when one does , they can route their orders anywhere they want< I dont concern with that Flippin POS haaaaaaaaaaaaaaaaa

Lisa · Tue, 01-02-2007, 08:09 PM

ive been using rml trading 2.95 in and out and that is pretty darn good...if u choose to call them and get information call and speak with kevin...i also have etrade and i dont thk i would of made it this long without it...l2 is a must in the penny world!

rider3160 · Tue, 01-02-2007, 08:12 PM

I use atrade and stand by it as my main broker. I do have several others as well though.

misterfriendly · Tue, 01-02-2007, 10:05 PM

Well, I've decided to go with choicetrade, I'll tell you how it goes, How long did it take for you to open a fully running account? for those people that use it.

capt_nemo · Tue, 01-02-2007, 10:50 PM

Quote:

Originally Posted by misterfriendly

Well, I've decided to go with choicetrade, I'll tell you how it goes, How long did it take for you to open a fully running account? for those people that use it.

For me anyway, I tried to get over from Aturd, and ever time I was ready to move one of my POS would move big and I had to make the trade, and it wouls set me back 3 days haaaaaaaa AT had a no trade for 3 days thing trying to get out, if I remember correctly, Or I should say freetrade at the time!!!

greyowl750 · Sun, 06-24-2007, 01:59 AM

zeddco is free of brokerage fees...and now...no minimum to open an account!!

Iam Nottadog · Sun, 06-24-2007, 04:51 AM

I like Choicetrade for $5- trades
but prefer Scottrade for streaming quites, they have a much better looking website and charts. I have an Ameritrade account for Canadian stocks, they are slow to execute and their site is a bit confusing. Ameritrade site is also known for going down completely.

Tue, 01-02-2007, 07:32 PM	#11 (permalink)
misterfriendly very angry Join Date: Dec 2006 Posts: 120	I'm currently going to switch brokers from scottrade to something else. Three brokers I'm considering are Choicetrade Lowtrades and MBtrading. I know MBtrading will eat you out alive like scottrade on subpennies, but my trading range will be from .50 - up. Their plan is 4.95 for up to 4000 shares. All three have a custodial account which i need. Choicetrade has a good $5 flat, but it has no special orders, just market, limit, and stop. Lowtrades I've heard a couple bad reviews, and not really heard a lot about it. However, lowtrades and mbtrading both have the special orders, like trailing stop. Any personal experiences would be helpful. Barrons article to MBtrading (bottom of the page) - Sponsored by MB Trading and reprinted with permission 1-800-843-0008 Last edited by misterfriendly : Tue, 01-02-2007 at 08:06 PM.

Tue, 01-02-2007, 07:47 PM	#12 (permalink)
capt_nemo Realist,/Moderator!!! Join Date: Dec 2005 Location: My feet!!! Posts: 2,836	On choice trade , one must sign up for at least their minimum trading platform with L2 and the likes, but when one does , they can route their orders anywhere they want< I dont concern with that Flippin POS haaaaaaaaaaaaaaaaa __________________ All ambitions are lawful except those which climb upward on the miseries or credulities of mankind. Joseph Conrad, Use your own mind on what to buy and sell!!

Tue, 01-02-2007, 08:09 PM	#13 (permalink)
Lisa Lisa Join Date: Jun 2006 Location: Long Island, NY Posts: 17	rml ive been using rml trading 2.95 in and out and that is pretty darn good...if u choose to call them and get information call and speak with kevin...i also have etrade and i dont thk i would of made it this long without it...l2 is a must in the penny world!

Tue, 01-02-2007, 08:12 PM	#14 (permalink)
rider3160 I am Queens Boulevard Join Date: Dec 2005 Posts: 3,530	I use atrade and stand by it as my main broker. I do have several others as well though. __________________ Clickity clank Clickity clank The money goes in to my piggy, bank

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Tue, 01-02-2007, 10:05 PM	#15 (permalink)
misterfriendly very angry Join Date: Dec 2006 Posts: 120	Well, I've decided to go with choicetrade, I'll tell you how it goes, How long did it take for you to open a fully running account? for those people that use it.

Sun, 06-24-2007, 01:59 AM	#17 (permalink)
greyowl750 Member Join Date: Apr 2007 Posts: 50	zeddco is free of brokerage fees...and now...no minimum to open an account!!

Sun, 06-24-2007, 04:51 AM	#18 (permalink)
Iam Nottadog Senior Member Join Date: Jun 2006 Location: All over, mostly sw US Posts: 126	I like Choicetrade for $5- trades but prefer Scottrade for streaming quites, they have a much better looking website and charts. I have an Ameritrade account for Canadian stocks, they are slow to execute and their site is a bit confusing. Ameritrade site is also known for going down completely.