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Thread: What deal do you have?

  1. #11
    dave99 is offline
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    Joined: Nov 2008 Posts: 28
    Shares above 1000 at Fidelity are .015 cents/share not .15 cents/share.

    Dave

  2. #12
    Newman is offline
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    Joined: Jun 2007 Location: Dallas Texas Posts: 1,162
    It matters little with a stock like Sirius.

    Considering 1000 shares costs 160 bucks, the commission on it would be $15 bucks, nearly 10% of your trade.

    With Scottrade, I could be the same the same number of shares for $7.80 (7 base commission plus 0.5% of 160, or 80 cents), or around 5%. Significant difference.

  3. #13
    Brian27 is offline
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    Joined: Oct 2008 Posts: 3
    I also use Scottrade. Easy to use and if i need help the local office is always glad to answer a question.

  4. #14
    Pinball Wizard is offline
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    Joined: Jul 2008 Posts: 31
    Thanks for all of your comments.....and yes, Dave99 is correct about the 0.015 charge at Fidelity....I made a typo on the first post in this thread.

  5. #15
    winagain35 is offline
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    Joined: Jun 2008 Location: Denver, CO Posts: 190
    Quote Originally Posted by Newman View Post
    It matters little with a stock like Sirius.

    Considering 1000 shares costs 160 bucks, the commission on it would be $15 bucks, nearly 10% of your trade.

    With Scottrade, I could be the same the same number of shares for $7.80 (7 base commission plus 0.5% of 160, or 80 cents), or around 5%. Significant difference.
    It's the 10 thousand share trades that'll cost you big time with a full service brokerage firm. I'm in the process of moving my account to Ameritrade for this very reason. The problem is you can't make ANY trades during the transition, which so far has been more than a week.

  6. #16
    Newman is offline
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    Joined: Jun 2007 Location: Dallas Texas Posts: 1,162
    Yes, I understand that the bigger the trade, the bigger the problem.

    I just wanted to point out that even a relatively small trade in Sirius would constitute huge fees.

    Let's take your 10000 share trade as an example. At the same 0.16 per share used above, your 10000 sahres would cost you $1600 just for the stock. Now lets consider commission. 0.015/share that Fidelity charges would run you $150 in commissions. Scottrade, however, would cost you a mere $7 + 0.5%, or $7+$8 = 15.

    So, $150 or $15? Much better example.

  7. #17
    chewbaccamonkeylunch is offline
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    Joined: Oct 2008 Location: Republic of Texas Posts: 7
    ChoiceTrade
    No minimum to open and its 5 bucks a trade. I've had to deal with customer service a few times via email, setting up a new account and such. Always get a reply within a few hours. So there isnít anything to complain about. Its cheap, simple and the cs doesnít suck.

  8. Ad Fairy Senior Member
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