Forum Archive Index - July 2001

["Christian Mair" <product@adidas-ep.co.nz>]

Phaedrus,
I had the same problem with Datek and in addition their inactivity fee made
me change brokers. I use now mydiscountbroker.com in the meantime as it was
very easy to open an account. So far I had no problems and they charge $12
per trade up to 5000 shares. I also had a look at CSFBdirect but they do not
offer yet the service to NZ residents but according to their customer
service are planning a roll-out of their webservices to Australasia.
Hope I could help,
Christian

-----Original Message-----
From: owner-sharechat@sharechat.co.nz
[mailto:owner-sharechat@sharechat.co.nz]On Behalf Of Phaedrus
Sent: Friday, 13 July 2001 8:47 a.m.
To: sharechat@sharechat.co.nz
Subject: [sharechat] Datek


   I have been using Datek as my USA broker for quite some time. They have
an excellent site (the best I have seen), execute orders quickly, and charge
only $9.99. I have recommended them to many people.
   This morning I was unable to log-on to their site at 7am. ("No response -
Server down or not responding") This is the third time this week that this
has happened. It is not a transient problem - I kept trying for an hour,
until the market closed.
   Has anyone else experienced this? I have a theory. Datek guarantee that
any order will be executed within 60 seconds, or it is free. I have had many
free trades. Perhaps when things are getting busy, and too many free trades
are going through, they disable new log-ons until they catch up.
   Whatever the reason, this is no good to me. Does anyone have a USA
internet broker they can recommend?
      Thanks,
              Phaedrus.

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