WallStreet*E Review 2011
As of 2011 we have received an unofficial notice that WallStreet*E has shutdown its operations and is no longer in service.
|Commissions & Fees||N/A|
|Platform & Tools||N/A|
|Ease of Use||N/A|
2013 Review Star Ratings
N/A - Not Applicable
|N/A||Commissions & Fees|
|N/A||Platforms & Tools|
N/R - Not Ranked in Top 10
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
Trade Commissions Breakdown
|$9.99||Flat-Fee Trade Plan*|
|$0.0000||Per-Share Trade Plan|
|$15.00||Options Base Trade Fee*|
|$0.00||Options Exercise Fee|
|$0.00||Options Assignment Fee|
|$0.00||Mutual Fund Trade Fee|
|$29.99||Broker Assisted Trade Fee|
|$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 NotesWallStreet*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
|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)|
|No Minimum Deposit|
|No Maintenance Fees|
|Online Trader Community|
|Live Chat Support|
|24/7 Customer Support|
|Long Term Trading|
|Credit Card Accounts|
|Debit Card Accounts|
Trading Platform Features
|Web Browser Platform|
|Windows Desktop Platform|
|Mac Desktop Platform|
Active Trading Features
|Direct routing offered to clients|
|Broker receives payments for order flow|
|Broker internalizes trades|
|Clients receive rebates for adding liquidity|