Stock Markets Exposed
WellsTrade? Any information on their stock screening tools?
I am considering moving my accounts over to Wells Fargo and WellsTrade, but I can't find that much information on their available tools. I would like to know what tools they have available for researching stocks and ETFs, I saw they have a 'Mutual Fund Screener', but I don't trade mutual funds. So does anyone have experience conducting research on WellsTrade? What research tools do they offer? Can you customize charts and stock screeners? What can you do on their site? Any help is appreciated. Thanks. Hey idiot with the first answer, WellsTrade is the cheapest brokerage available; it's free for me! Most all online brokerages are cheap now, so the variables are things like research and tools. A lot of the information you get from your brokerage firm would cost you money elsewhere. So I am basing my decision partly on the research made available to me. Dumbass. What loss of income, I get 2.65% on my savings, which isn't that bad and I don't see ING or HSBC being able to beat that. What are you talking about? Besides, it's my savings account, my biggest concern with that is that it be available to me ASAP. By free, I was talking about the trades, I get 100 free a year if I make the move, I make about 35 trades a year so that saves about $300. So what is this loss of income you're talking about? Or were you just talking about something you know nothing about?
Public Comments
- There are plenty of few investing tools available on the web. Just do a Google search for "stock screener". Don't base your choice of brokers on that. Go to the one that charges the lest... like Firstrade.com
- Actually WellsTrade is not free. Your loss of income from the difference you'd make at ING, HSBC, GMAC Bank etc. vs. their savings account.... would be a lot on the $25,000 they ask for in "deposit". You may, however have a better deal, or have money there that you don't want to move. so........ Check out the link below. It's a great article on brokers from Barron's in 2007. I'll only deal with "software" based brokers, but this article also rates the web based ones (like WellsTrade). They don't rate them too highly, about average. http://online.barrons.com/public/article/SB117288684364425609-_TkK_XmuteKNFWPDdkZQepxN5y8_20070404.html?mod=9_0002_b_free_features BTW: check out the ThinkOrSwim platform. Their charts are significantly better than anything put out by Schwab, Fidelity, Ameritrade, IB (these are the ones I've seen). Other info and the "ShadowTrader" live broadcast during market hours are simply the best. IB and Tradestation are also miles above the web based brokers. ============================================================== OK... I do know... I had checked it out last year. OK here we go; Right now GMAC Bank is paying 4.65% You're getting 2.65% That's a difference of $452.50 on $25,000. 35 trades therefore costs $13.21 each trade. I'm not saying don't go with WellsTrade... I'm just suggesting looking at all the facts. Check out the Barron's article. I pay .015 cents per share, minimum charge is $5.00. They then have a max 0f $9.95 on all market orders and limit orders (with TOS). There are other brokers that are less expensive. I went with TOS because, like you, product is very important. The first guy was wrong. I think if you look at what I'm sugesting it has merit... maybe not for you.... but my facts are correct. If you want to respond: ya@ILoveErie.com Good Luck! BTW: All the banks I'm mentioned are FDIC insured, these are all immediatly available (via, ACH direct to your checking account or as I do.... with my broker). In addition, GMAC bank gives me a debit card that I can use & will refund my monthly ATM drafts up to $6.00 a month (at any (yes any) ATM. Not a bad deal. If you're a swing trader or day trader; www.ErieStockTrader.com Check out; www.GMACBank.com www.HSBCdirect.com www.INGDirect.com
