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Re: [sharechat] To open a brokerage account in the USA

From:	"Allan Potts" <ajp7079@excite.com>
Date:	Sun, 6 Jul 2003 15:09:05 -0400 (EDT)


David,

If you have US $15,000.00 or more to open an account with and at least 5 yrs 
experience in sharetrading I suggest you consider Brownco3.com.

Fast trades, very responsive customer service department, very frequently price 
improvement on market orders and in the many years I've been doing business 
with them they have never missed a trade.  They charge US $5.00 for a market 
order for up to 5,000 shares and $10.00 for a limit order.  If a trade is 
partially filled one day and the balance the next or subsequent day they do 
charge a commission for each  portion of the order.  You generally only run 
into this on a thinly traded share when you have a lower  price trying to buy 
with a limit order or trying to sell on a limit order above the market.

Good luck to you.

Allan




 --- On Sat 07/05, David Renwick  david.renwick@paradise.net.nz  wrote:
From: David Renwick [mailto: david.renwick@paradise.net.nz]
To: sharechat@sharechat.co.nz
Date: Sat, 5 Jul 2003 18:02:55 +1200
Subject: Re: [sharechat] To open a brokerage account in the USA

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<DIV><FONT face=Arial size=2>I hope that this is relevant.</FONT></DIV>
<DIV><FONT face=Arial size=2></FONT>�</DIV>
<DIV><FONT face=Arial size=2>When I opened a US brokerage acct with Datek (now 
Ameritrade) the W-8BEN form that was supplied I submitted with my application 
and has exempted me from US With-holding Tax. I'm entitled to divvies (which 
I've received  were automatically credited to my brokerage account.) 
</FONT></DIV>
<DIV><FONT face=Arial size=2>In my experience it pays to get confirmation that 
all forms have been received and processed. I've suffered several serious 
cock-ups by Ameritrade,viz, freezing my acct, deducting </FONT><FONT face=Arial 
size=2>90% of my acct for WHT, missing trades, part-filling trades 
but�worst of all are very slow to respond, are sluggish to reimburse and 
have optd to credit brokerage rather than</FONT></DIV>
<DIV><FONT face=Arial size=2>credit the value of missed trades. All care -no 
responsibility.</FONT></DIV>
<DIV><FONT face=Arial size=2>Not great at kissing buttocks - unlike NZ brokers 
(I.M.E.) </FONT></DIV>
<DIV>�</DIV>
<DIV><FONT face=Arial size=2>David</FONT></DIV></BODY></HTML>
<p>

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