Fidelity offers Zero Comm on 25 iShare ETFs

hajimow · May 24, 2010

Quote from tomahawk:

Thought I'd relay the info I just received on a call to Fidelity during this slow day.

Apparently there is no limitation to the frequency of trading with these commission-free ETFs, but the catch is they aren't marginable for 30 days, meaning that for daytrading you have to have the cash on hand to account for 3 day settlement on each trade. You're not going to be able to do 3 intra-day round trips of 1k shares of IWM (@ $65) with a $100k account, as I understand it.
More...

I have learned not to let brokers to screw me with offers like free commission, free cellphone,.....
I have been with IB and I can not imagine any better broker than that. However my eyes are always open.That is how I fould IB.

dozu888 · May 24, 2010

ib is cool

i do have account with fido, more of a 'putting eggs in different baskets' type of thing.

Log in or Sign up

Fidelity offers Zero Comm on 25 iShare ETFs

hajimow

dozu888