E-trade Informative - Be Careful - Online Brokers
Back Office personnel and Software designers of ONLINE Discount Brokers are inexperienced. Their lack of experience and knowledge in financial sector can be detrimental to your portfolio. Please be careful of discount brokers. Real time quotations may be inflated or deflated by few pennies. Your order may be forwarded to an exchange who may be paying the brokers commission on forwarding orders.
Broker may have high mark up on interest on margin. There may be hidden fees. Etc. Its better to protect your wealth rather than be a victim.