Re: Fidelity unfair in advertising?
- From: BrunoR <BrunoR@xxxxxxxxxx>
- Date: Thu, 22 Mar 2007 17:32:33 -0400
Of course, it is all legal, I'm sure of it, Jerry! However, I'm a silver guy
with them and they charge me nearly $25 for the same trade I could get
executed for $7 at "Scottrade." I'm just discussing this issue on account
of Fidelity's annoying TV ad in which they so *smugly advertise $8* w/o
letting viewers know that one has to jump throw hoops in order to qualify.
This is just my opinion about fair advertising doesn't rhyme with Fidelity ;-(
Jerry wrote:
Yes, one must be classified as an "active trader" for the 8 rate. I'm not sure how many trades it takes to be qualified as "active" - I expect it's documented on their web. As you can likely guess from my posts, I've been classified as such for years..
Jerry
"BrunoR" <BrunoR@xxxxxxxxxx> wrote in message news:4602e860$0$27015$4c368faf@xxxxxxxxxxxxxxxxx---when they advertise $8 commissions on TV but in reality
their commissions may exceed $8 by several multiples ;-).
Of course, there is the *fine print* that remains invisible in
their ads. (Which part of government is in charge of fair
competition? "Buyer beware!"
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