WallStreet*E - New Account Offer

WallStreet*E

WallStreet*E Review 2011

  • IMPORTANT NOTICE:

    As of 2011 we have received an unofficial notice that WallStreet*E has shutdown its operations and is no longer in service.

Overall N/A
Commissions & Fees N/A
Customer Service N/A
Platform & Tools N/A
Research N/A
Ease of Use N/A
Investment Offering N/A
Education N/A
Mobile Trading N/A

2013 Review Star Ratings
N/A - Not Applicable


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

Blain Reinkensmeyer

Reviewed by Blain Reinkensmeyer

Blain has been involved in the markets for over 10 years, heading StockBrokers.com equity broker research and reviews. His personal blog, StockTradingToGo.com, provides to-the-point daily market recaps to over 15,000 subscribers.

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
Check No Minimum Deposit
No Maintenance Fees
No-Fee IRAs
Online Trader Community
Investment Education
Live Seminars

Mobile Trading

Check iPhone App
iPad App
BlackBerry App
Android App
Mobile Site

Customer Service

Check Phone Support
Check Email Support
Live Chat Support
Retail Locations
24/7 Customer Support

Trade Types

Check Stock Trading
Check Options Trading
Check Mutual Funds
FOREX Trading
Futures Trading

Recommended For

Discounted Trading
Long Term Trading
Check 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

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