WallStreetE review 2009



WallStreetE review 2010: expensive commissions, lots of fees and poor customer service




WallStreetE Trading Fees

  • Equities: $9.99 per trade plus $0.01 a share.
  • Options commission: $15 ticket plus $1.25 a contract. Option contracts start as low as $1 depending on the volume.
  • Bonds: minimum charge is $35.
  • Investment products: stocks, options, mutual funds, bonds, ETFs.


WallStreetE Pros/Advantages

  • None so far.


WallStreetE Drawbacks/Disadvantages

  • High trading commissions.
  • Poor customer service.
  • IRA Annual Fee: $30.
  • Accommodation Transfer (if excessive) and for inactive accounts: $50.
  • ACAT Transfers Out: $150. (wow!)
  • Closing of Account: $50.
  • Yearly Inactivity Fee: $100.
  • Options Exercise & Assignment: $25.00
  • Visa Card: Free (annual fee apply - Classic $45 and Premier $75.
  • Only 100 free real-time quotes per day.
  • Account Minimum: $2,500 minimum to open an account; $10,000 minimum for spread trades; $50,000 minimum for index options; $2,000 minimum maintenance requirement for equity options plus 100% of the option proceeds plus 20% of the underlying stock value.


WallStreetE Review Summary

If you like paying fees, overpaying for commissions and don't need customer service then WallStreetE is a brokerage firm for you! $100 Yearly Inactivity Fee? $150 for ACAT transfers out? Even full-service brokerage companies that target wealthy investors don't charge that much!

This is one of the only two brokerages that got a rating of 2 stars. WallStreetE has no redeeming qualities. I don't think this firm is going to survive when competition is that fierce.


WallStreetE Promotion Code: none right now

WallStreetE review




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