Archive for the 'Brokerage' Category

Adios to Wells Trade

Friday, January 15th, 2010

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 [...]

Brokers With Lowest Margin Interest Rates

Saturday, May 9th, 2009

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 [...]

Higher new fees at Tradeking

Monday, January 12th, 2009

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. [...]