From: OptionClub@yahoogro
Sent: Saturday, March 27, 2010 4:43 PM
To: OptionClub@yahoogro
Subject: RE: [TheOptionClub.
Oops, I take it back about Fidelity being expensive. TOS looks like it is way more than most other platforms
From: OptionClub@yahoogro
Sent: Saturday, March 27, 2010 8:32 AM
To: OptionClub@yahoogro
Subject: Re: [TheOptionClub.
I also have Fidelity but I do like them for a couple of things including the usage of Wealth Lab Pro and the download of tax information into Turbo Tax works well (although I didn't have any complex trades). However, I agree that the option trading with Fidelity is expensive and the option tools are bad. I'll probably keep an account with Fidelity just so I can have the free use of Wealth Lab Pro and the large array of strategies that are free.
I've had a very light look at the TOS desktop client I would like it better if it had floating windows. It seems a little clunky but I do like some of the tools available. Haven't look at IB yet but it sounds like it is worth considering.
If someone out there who has worked with both platforms for a while has a list of pro'/cons of each I think that could help kick start my evaluation process.
--- In OptionClub@yahoogro
>
> And so does TOS thru DDE - works great.
>
> Ross - Having said that, IB is technically superior and that's what they
> take pride in - technical execution. Also, their support is excellent (I am
> their customer since 2003). They reason they get bad press is because they
> don't do any hand holding - no trades related help. In a way, it is good -
> you have to know what you are doing.
>
> It is a personal choice, if you want an email reply back in 2 minutes to
> impress your 9-year old (I am just kidding MikeC - please don't take it
> seriously), then IB may NOT be for you :-).
>
> For beginner options trading, TOS is probably more suitable, especially if
> you are not computer savvy and need to bounce some trade questions to your
> broker.
>
> Murthy
>
>
>
>
> On Fri, Mar 26, 2010 at 7:43 AM, Bill S <bdstrayer@..
>
> >
> >
> > Bob covered the points on IB perfectly and reflects my experiences and
> > feelings as well.
> >
> > I might also add that IB supports Excel and other tools as part of their
> > API capability. You may not have any interest in such things now, but it's
> > important to have choices later on down the trading road.
> >
> > Bill
> >
> > ------------
> > *From:* Bob C <bobc0923@...>
> > *To:* OptionClub@yahoogro
> > *Sent:* Fri, March 26, 2010 4:00:13 AM
> > *Subject:* Re: [TheOptionClub.
> > Broker!
> >
> >
> >
> > Well, I would suggest checking out Interactive Brokers. You may hear some
> > people say their customer service is not that great but I have been with
> > them for about 1 year and each time I have needed help they have been as
> > good as anybody. I think the negative customer service comments are from
> > several years ago and not recently. But their commissions are about the
> > lowest you will find anywhere. Their trading platform can be overwhelming
> > at first but you just have to take it a step at a time. Plus they offer
> > free monthly online classes to show how to use the platform and lots of
> > other things. If I can trade using IB then anyone can. With TOS and IB as
> > your broker and backup broker I can't imagine a better combo. - Bob C.
> >
> > ------------
> > *From:* leobusc <leobusc@yahoo. com>
> > *To:* OptionClub@yahoogro ups.com
> >
> > *Sent:* Thu, March 25, 2010 3:11:34 PM
> > *Subject:* [TheOptionClub. com] I'm Firing Fidelity, Help Me Find A New
> > Broker!
> >
> >
> >
> > I absolutely love Think Or Swim. I just don't like having all of my money
> > with one broker.
> >
> > Fidelity is grueling for trade options. Their platform stinks,
> > their commissions are too high but worst of all they making me jump thru
> > hoops to trade spreads.
> >
> > Last week their platform wouldn't let me roll a call from March to April
> > without paying two $9.00 commissions. The man at customer service said "I
> > can help you with that, but it is a complicated trade so it will take a
> > while".
> >
> > Rolling a call from March to April is a complicated trade????
> >
> > Think or Swim is the best broker, but who is number 2?
> >
> > I want low commissions, an easy to use trading platform, and some semblance
> > of customer service.
> >
> >
> >
> >
> >
> >
>
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