I am looking for a broker with VERY fast Order executions. Every "direct-access broker" I look at has a minimum opening account balance of $25,000-$35,000 (Day trading SEC regulations)....so basically it looks like im stuck with scottrade.
2006-12-09 07:14:16 · 5 answers · asked by ? 2 in Business & Finance ➔ Investing
I have Scottrade. They execute in real-time. I could be watching streaming quotes-when my price is triggered, it will pop up on the screen.
2006-12-09 07:20:52 · answer #1 · answered by sis79 2 · 0⤊ 0⤋
I've been with Scottrade for two years. I make 10-20 online trades a month or more, and most of my orders are executed in a few seconds if the price is compatible. Usually I can click "check status" right after placing the order, and it's done. Are you using dial-up? that would definitely slow things down, regardless of the broker used.
2006-12-09 13:33:03 · answer #2 · answered by pegasusaig 6 · 0⤊ 0⤋
I manage a friend's via Scottrade. I have had no complaints about stock orders, but options have been cruddy. Of course that may have changed, I havn't put in an option order via Scottrade in a while.
2006-12-09 09:18:05 · answer #3 · answered by Ryan W 2 · 0⤊ 0⤋
well even i am stuck with scottrade, am a small time investor.all the rest need a minimum balance as you mentioned.
i am looking at opening an account with zecco, since they cliam its free...someone please let us know if they have tried zecco.com.
but scottrade is fast enough.i like it except that its eating into the profits i make because of the small amounts i invest.but the rest of them have higher fees.so again back to the square one.stuck with scottrade.
2006-12-09 07:47:51 · answer #4 · answered by anuneha31 3 · 0⤊ 0⤋
You could use TD Ameritrade if you have at least $2,000.00 USD
2006-12-09 11:50:11 · answer #5 · answered by Anonymous · 0⤊ 1⤋