Wes, Wes, Wes...
Do yourself a favor and check (even this board) for the facts, and note that ToS will even match all competitors' commissions - (except I think those of IB). Than tally up all that you get for free from ToS –(such as, no cancelation fee, a truly great platform, level II,etc), and realize that your statement was really really dumb (OK, I will settle for being uneducated..
Bben
--- In OptionClub@yahoogro
>
> Oops, I take it back about Fidelity being expensive. TOS looks like it is
> way more than most other platforms
>
>
>
> From: OptionClub@yahoogro
> Behalf Of trade4more
> Sent: Saturday, March 27, 2010 8:32 AM
> To: OptionClub@yahoogro
> Subject: Re: [TheOptionClub.
> Broker!
>
>
>
>
>
> 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
> Murthy N <optionsmaya@
> >
> > 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@> wrote:
> >
> > >
> > >
> > > 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.
> New
> > > 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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