WallStreet*E - New Account Offer
WallStreet*E Review 2011
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IMPORTANT NOTICE:
As of 2011 we have received an unofficial notice that WallStreet*E has shutdown its operations and is no longer in service.
Likes - Has made an attempt at mobile trading.
Dislikes - No live chat and overall poor customer support; ultra expensive options commissions; $100 inactivity fee; website riddled with bugs and difficult to navigate.
Bottom Line - With so many better brokers available, WallStreet*E is not a recommended broker to trade with.
Our WallStreet*E 2011 review provides trade platform screenshots, detailed commissions information, and online broker ratings. Compare WallStreet*E to other stock brokers.
Compare WallStreet*E to Key Competitors
Trade Commissions Breakdown
| $9.99 | Flat-Fee Trade Plan* |
|---|---|
| $0.0000 | Per-Share Trade Plan |
| $15.00 | Options Base Trade Fee* |
| $1.25 | Options Contract* |
| $0.00 | Options Exercise Fee |
| $0.00 | Options Assignment Fee |
| $0.00 | Mutual Fund Trade Fee |
| $29.99 | Broker Assisted Trade Fee |
| $0.00 | Minimum Deposit |
Miscellaneous Fees
| $0.00 | Bond Trade Fee |
|---|---|
| $0.00 | Treasury Trade Fee |
| $0.00 | Certificate of Deposit (CD) Trade Fee |
| $0.00 | Interactive Voice Response (IVR) Phone Trade Fee |
| $0.00 | IRA Annual Fee |
| $0.00 | IRA Closure Fee |
| $0.00 | Forced-Margin Sellout Fee |
| $0.00 | Returned ACH Fee |
| $0.00 | Returned Wire Transfer Fee |
| $0.00 | Stock Certificate Processing Fee |
| $0.00 | Stock Certificate Delivery Fee |
| $0.00 | Paper Statement Fee |
| $0.00 | Paper Confirmation Fee |
| $0.00 | Outgoing Domestic Wire Transfer Fee |
| $0.00 | Outgoing International Wire Transfer Fee |
Commission Notes
WallStreet*E commissions structure details below. Note the broker charges $100 per year for inactivity and $50 to close an account. When we tested the contact page was a dead link and the questions box was not functional.Stock Trades - $9.99 per trade when trading less than 1,000 shares. If trading more than 1,000 shares it is $9.99 + $.01 per share.
Options Trades - $15.00 + $1.25 per contract. There is a $25 fee for each exercise or assignment.
Mutual Funds - Pricing not disclosed on website, have to call in (ie pricey).
International Trading - International Trading not currently offered.
Retirement Accounts - WallStreet*E $30 per year for IRAs which waived for accounts with over $25,000 in assets. A $60 fee is charged to close.
Other Investments - WallStreet*E does not support futures and forex.
WallStreet*E was reviewed by StockBrokers.com on 2011-01-06 with an overall rating of 1 Stars.
Misc. Account Information
| Clearing Firm | |
|---|---|
| 0 | No. of Commission-Free ETFs |
| 0 | No. of Retail Locations |
| 0 | No. of Mutual Funds (w/ Load) |
| 0 | No. of Mutual Funds (No Load) |
| 0 | No. of 3rd Party Research Report Providers |
| 0 | Max. No. of Legs (Complex Options) |
Account Features
| Virtual Trading | |
|---|---|
|
No Minimum Deposit |
| No Maintenance Fees | |
| No-Fee IRAs | |
| Online Trader Community | |
| Investment Education | |
| Live Seminars |
Mobile Trading
|
|
iPhone App |
|---|---|
| iPad App | |
| BlackBerry App | |
| Android App | |
| Mobile Site |
Customer Service
|
|
Phone Support |
|---|---|
|
|
Email Support |
| Live Chat Support | |
| Retail Locations | |
| 24/7 Customer Support |
Trade Types
|
|
Stock Trading |
|---|---|
|
|
Options Trading |
|
|
Mutual Funds |
| FOREX Trading | |
| Futures Trading |
Recommended For
| Discounted Trading | |
|---|---|
| Long Term Trading | |
|
|
Options Trading |
| Active Trading | |
| International Trading |
Banking Features
| Checking Accounts | |
|---|---|
| Savings Accounts | |
| Credit Card Accounts | |
| Debit Card Accounts | |
| Mortgage Loans |
Trading Platform Features
| Web Browser Platform | |
|---|---|
| Windows Desktop Platform | |
| Mac Desktop Platform | |
| Platform Backtesting |
Active Trading Features
| Direct routing offered to clients | |
|---|---|
| Broker receives payments for order flow | |
| Broker internalizes trades | |
| Clients receive rebates for adding liquidity |
