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General Information |
| Brokerage name: investrade.com
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| Minimum account size: $1000-$2000
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| Base commission rates: $6-$7
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Brief explanation of margin rates, if applicable:
As low as 1% BELOW Brokers' Call Rate.
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| This brokerage has been in business for: 2-5 years
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| Primary type of broker: Stocks, Options, Bonds
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Brief description of services offered:
Trade Stocks: $7.95 / Trade Options: $1.75/ctr., $14.95 min. [10 ctr. = $17.50] Online trading, wireless trading, touchtone and broker-assisted available. NO-FEE IRAs, over 7,000 mutual funds, low margin rates, high money-market rates.
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Account Information
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Types of trading accounts offered:
| Phone (touch tone) Discount Broker
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On-Line Discount Broker
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| Customers online account information is updated: Up to the minute
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Types of trades offerered:
| Stocks
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Bonds
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Mutual Funds
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Options
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| Other trade types: N/A
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Types of quotes offered to customers:
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Execution methods offered:
| Online Broker(trade desk)
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Broker
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Exchanges covered:
| American Stock Exchange (AMEX)
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Boston Stock Exchange
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CBOE-Chicago Board Options Exchange
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Chicago Stock Exchange
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| Cincinnati Stock Exchange
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NASDAQ
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New York Stock Exchange (NYSE)
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OTC
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| Pacific Exchange
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Philadelphia Stock Exchange
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| Setup or initial costs to set up an account: 0
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Features
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Types of services offered to customers:
| Technical Analysis
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Fundamental Analysis
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Basic -charts & graphs
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Head line news
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| Portfolio management
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Wireless (quotes, alerts, execution, etc.)
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Ways customers can access their trading account:
| Internet
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Telephone
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Broker
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Mail
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| Allow stop, limit, and stop limit orders? Yes
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| Charge extra for stop, limit, and stop limit orders: Yes
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| Offer 24 hour customer support: No
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| Offer tax planning advice: No
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Additional Comments
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Special features included in the service are:
Free Trade Program.
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This broker's service is better than the competition in these areas:
Four ways to access your account: Online, Wireless, Touchtone, Broker-assist.
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Types of security precautions taken for customers:
High encryption, SSL.
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Communications during systems failures has been assured through:
Back-up offices, multiple servers.
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The major plans for upgrading the current level of trading service are as follows:
N/A
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