All statements and trade confirms are electronic, nothing is mailed out. You will get the 1099's mailed to you when tax time comes around.
I've been using them for over a year and have had no problems, other than having to print out all my trades & statements (I'm doing Dollar Cost Averaging, around 20-25 trades twice/mo).
posted: Mar. 9, 2002 @ 6:48p
Scottrade has no maintenance/inactivity fees, but requires a $500 minimum initial investment. They also have very low commissions ($7 for market order trades) and I believe no fees for mutual funds. That's probably the best deal you'll get, short of time-warping yourself back to 1999.
However, remember that although their commissions are low, if you're trading stocks in small dollar amounts the commissions may take a big enough bite out of your trades so as to not make it worthwhile.
Senior Member - 4K
posted: Mar. 9, 2002 @ 8:23p
Thanks Usmaple. That's just the information I needed. <img src="i/expressions/face-icon-small-smile.gif"border=0>
Goodbye, Ameritrick, er, I mean Ameritrade.
Senior Member - 1K
posted: Mar. 16, 2002 @ 9:09a
According to this week's Barron's, the following companies do not have maintenance fees: Brokerage America Brown & Co Cyber Trader Mr. Stock Wall St Electronica Wall St Access But do check first because they also list ML Direct which I know for sure have very hefty fees.
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