As I was reviewing some old notes I had of Wells Trade, the investment arm of Wells Fargo, I see a trend that Wells Fargo has been trying hard to make some money out of these “free-trade” accounts:
02/2008 : Introduced 100 free trades for PMA package with $25k or more.
08/2008 : Eliminated the respectable money [...]
Recently I did some research into brokers with low margin interest rates and with low trading commissions ($3 or less per trade). Since I already had them all typed out in my notes, I thought I would post them in case someone else might find it useful. The rates are valid on or around April [...]
After my bout of issues (Tradeking is holding my money hostage and Tradeking changes its ACH holding time to 60 business days) with Tradeking, I haven’t actively used my Tradeking account. Recently, I happen to notice that Tradeking has changed part of its fee structure.
First of all, Tradeking has significantly increased its margin interest rates. [...]
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