Fidelity - Active Trader Pro

[nilminih]

Hi Al,
I read most of your comments about ATP and I am using it too. Though I like the software, I do not like the amount they charge per trade. When I transfered my 401k to Roll over IRA, they gave me 60 trades free or one year trades free. Did you get this deal? For the moment I am still using this free deal. But after a year they will charge $19.95 per trade I guess??
Any comments about this? I am also using Scottrade where I get streaming qrotes through their site and they charge $7 per trade.

Originally Posted by Tom Osullivan

I've been using atp for over a year placing hundreds of trades. I haven't used many other trading platforms but atp is a quality product which fidelity aquired from a trading software designer.
There are many high quality features, only a few which garner complaints,,, like haveing to delete multiple drawing tool entries in order to get to one which causes screen problems- like a long term fib lines which cause the candles to be crunched together.
The only other problem i'm having is with the system bogging down. This happens especially at high volume periods. I'm discussin purchasing a second computer and possible a second dedicated broadband line soley for placing trades and and monitoring account records like order list and profit/loss.
Well right now as long as i can get it to run effiecently I'm probably here to stay. Any ides on the bogging down problem fixes are appreciated..
Tom

[yostyid]

nilminih:
the deal at fidelity is 6 months or 60 trades for 25k-100k. over 100k is a year of trades up to 100 trades. If you have a year of trades, then you at least meet the 50k limit where you will only pay 10.95 to trade, not 19.95. If you trade 10 trades a month (average 120 a year) across all of your accounts, you would only be paying 8$ a trade.

Scottrade is a great company. Fidelity is a great company. I do encourage you to evaluate more than sticker cost though. look at the trading systems, research, customer service, and costs that aren't in your face. If we only looked at initial sticker prices we'd all be driving yugos or the newly improved tata-mobile;)

Good luck on your trades.

[Traderallan]

I would have to agree with Tom Sullivan. I've been using ATP for the last year...the charting and displays are excellent. The problem I've been having is that when I execute multiple orders through their Directed Trading window, the systems seems to stall. So if I want to go to another window, I either have to wait til all the info is processed or re-boot.

I called Fidelity about this and they said it was not my computer but their system issue. Basically when the markets are moving fast or when there's alot of orders coming in....when they send the orders back to your computer, it appears their program can't process it fast enough.

On a side note, they said a new version of ATP is coming out this year along with the new Wealth-Lab. So hopefully these issues will be fixed.

If anyone has a better trading broker....please post. Thanks.