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Nickname: Mr P
Review: I am not trumpeting the service but the $25,000 you have to put in can be in a CD which currently yields 4.9% with a term of 10 months so the whole interest lost case is invalid.
Date reviewed: Oct 31, 2006 7:46 PM
Nickname: Zecco
Review: Sally, Zecco.com is the Web site of Zecco Holdings, the first player offering free trading to every investor in America (not just those with fat accounts).
Date reviewed: Oct 21, 2006 2:46 PM
Nickname: Ray of Light
Review: BOA's offer of 0 pricing smells competition and competition is always good, especially for the consumer. Take Wal-Mart, for example. What I do not like about the offer is that they require the customers to hold at least $25k in CD and money market, which means they demand you (the customer) to change his/her investment goals and objectives. What if I like to keep my 401K in safer low return assets and invest liquid assets in Stocks and MF? This would mean I change my objective for thr price break. No way.
Date reviewed: Oct 18, 2006 11:57 AM
Nickname: LANCE
Review: BofA's freebie is not what it appears to be... The object for them is to continue to gather orders to "internalise" for their proprietary trading accounts... They use their own capital to buy/sell to and from the online traders in order to facilitate block trades from their trading account with institutional clients, this "retail" order flow if big enough can help the traders at BoA position securities at a discount from the market. This is a firm wide push to garner outsde liquidity to make the spread between multiple client types.
Date reviewed: Oct 16, 2006 11:27 PM
Nickname: Jez
Review: Have been with TD Ameritrade for last 5 years initially as a Datek client. Very happy with the service - email replies answered within 5 minutes or less. New features being worked on to make life much greater for the investor/trader. Bank of America is attempting a reactive strategy as opposed to a proactive one. I won't be switching...
Date reviewed: Oct 14, 2006 6:09 PM
Nickname: Mr. G
Review: In addition to the previous posts, you might want to consider this: if you trade options, you are in for a commission shock, ie, online orders are $19.95 + $1.50 per contract. You can check the complete commission schedule here: https://www.baisidirect.com/Static/ Self Directed/Commissions/commissions.html. I don't know of anyone charging that much. Checkout Telephone and Broker Assisted Trades.
Date reviewed: Oct 13, 2006 5:52 PM
Nickname: catsailor
Review: I'm already looking for an alternative to BoA because they are known to facilitate cash transfers for illegal immigrants, and also because they now own MBNA and I don't want all my financial services with one company. They will not get my brokerage accounts, quite the reverse.
Date reviewed: Oct 13, 2006 2:14 PM
Nickname: Hank
Review: If the trading Web page is the same as the one for your bank account, then it's too slow as compared with Schwab and Ameritrade. Time is of the essence to trade properly in today's electronic medium.
Date reviewed: Oct 12, 2006 10:20 PM
Nickname: WhoCares
Review: What lost interest? You would be earning interest on the $25,000 in a CD or money market account.
Date reviewed: Oct 12, 2006 9:15 PM
Nickname: joey
Review: I'm already a BofA customer and plan to open a brokerage account with them based on this. This is a big motivator.
Date reviewed: Oct 12, 2006 8:41 PM
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