Forum Archive Index - March 2000

[Les Read <lesjenread@xtra.co.nz>]

Mike,
I'm sure your E-trade experience in UK will put you off them, numerous quotes on
UK bulletin boards of them having problems.

I can however  recommend E -Trade in Oz after about one years use.  For USA
I've been very pleased with Ameritrade, direct portfolio updates daily to your
mailbox & even full  snail mail account info. Cost US$8 per trade.

Les

Mike Hudson wrote:

> I know this has been discussed before but perhaps somebody could give me
> some advice.
>
> I recently opened an account with E*Trade UK.  The procedure was a saga
> which I would be pleased to elaborate upon if anybody is interested. The
> process took about two weeks longer than it should have done and was very
> stressful as I had a large sum (for me) in shares which was being
> transferred to their nominee and disappeared in cyberspace for a while. To
> be fair to E*Trade I believe that the problem was caused more by my UK bank
> than by them although they do admit that their system is under pressure due
> to the huge number of new accounts they are opening every month.. It all
> worked out well in the end as the shares that I wanted to sell went up in
> value by $20k in the meantime but it could have easily gone the other way
> and I would not have been a happy camper.
>
> I now want to open on line accounts in both Oz and the US. I know that there
> are a heap of choices out there and I wondered if anyone has had any
> experiences, particularly bad ones, which may be of assistance. I was
> looking at Datek in the US (courtesy of Ben) and perhaps NAB in OZ. Or maybe
> there are some sites with comparisons of the various on line brokers.
>
> Cheers
> Mike H
>
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