BUSINESSWEEK ONLINE : MAY 24, 1999 ISSUE
COVER STORY

Online Brokers That Meet Your Needs


THE HYPERACTIVE TRADER
You're looking for low-cost, fast trades--and little else
BROKER            LIMIT ORDER*      COMMENT

DATEK               $9.99           Quick, low-cost trades through its own
www.datek.com                       electronic communications network,
888 463-2835                        when service isn't disrupted.

E*TRADE             19.95           Special high-speed trading services
www.etrade.com                      for active investors. Orders executed
800 786-2575                        through own electronic commun-
                                    ications network, market maker.

WEB STREET          14.95           Site features ''trading pit'' designed
www.webstreet-                      for trading and little else. Bargain
securities.com                      prices on NASDAQ Level 2 screen.
800 932-8723

THE SERIOUS INVESTOR
You're an active trader in search of hot stocks. You value quick, reliable trades and timely information

BROKER            LIMIT ORDER*      COMMENT

DATEK               $9.99           Popular for low-cost trades, but
www.datek.com                       range of products is limited.
888 463-2835

DISCOVER            19.95           Excellent trade execution. Easy-to-use
www.discover-                       screens. Access to Morgan Stanley
brokerage.com                       research for a fee.
800 347-2683

SURETRADE           9.95            Budget-price division of Quick & Reilly
www.suretrade.com                   offers quick trades, low margin rates,  401 
642-6900                            and access to a range of research.

THE HOBBYIST
You aim for strong returns from a portfolio used to supplement income, pay for big purchases, or provide for retirement
BROKER              LIMIT ORDER*          COMMENT

DLJ DIRECT             $20                Easy-to-use screens,
www.dljdirect.com                         diverse investment
800 825-5723                              tools, and access to IPOs.

FIDELITY               30                 Broad product selection, good
www.fidelity.com                          fund screening and phone
800 544-7272                              support. IPOs available. Slow to
                                          update holdings.

CHARLES SCHWAB       29.95                Strong in advice and information,
www.schwab.com                            links to investment advisers. IPOs
800 435-4000                              available. Special services for
                                          those with more than $100,000.

THE LONG-DISTANCE RUNNER
You're not a frequent trader but want tools for financial planning and portfolio optimization
BROKER              LIMIT ORDER*           COMMENT

FIDELITY               $30                 Combines stability with diverse
www.fidelity.com                           products and planning tools. Watch
800 544-7272                               out for fees on small accounts.

CHARLES SCHWAB       29.95                 Useful tools for planning            
www.schwab.com                             and portfolio analysis.
800 435-4000                               Management focused on
                                           serving this customer group.

WATERHOUSE              12                 Low prices, good basic investing
www.waterhouse.com                         tools, and wide fund selection.
800 934-4410                               Web site could be faster.

*Up to 1,000 shares

DATA: GOMEZ ADVISORS, FORRESTER RESEARCH, EXPERT ONLINE INVESTMENT ADVOCATES, BW

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BACK TO TOP


Your Guide to Online Investing

COVER IMAGE: Our Guide to Online Investing

CHART: The Biggest Online Brokers

TABLE: Broker Scoreboards

TABLE: Online Brokers That Meet Your Needs

Gotta Do the Legwork

``A Diversity of Thought''

Testing the Waters

Commentary: Why Old-Line Firms Need New Online Tricks

TABLE: Full-Service Dream

The Right Tools for the Right Trades

Street.Cop

TABLE: Smart Investing on the Web

TABLE: Web Resources for Online Investors

Rocket Science Made Simple

TABLE: Quant for a Day

How to Seal a Great Bond Deal

TABLE: Where to Buy...And Get Info

What to Read: The Good, the Bad, and the Terrible

TABLE: Wired-Up Investing Books

Investor Beware of Web Talk

TABLE: Separating Fact from Fiction

TABLE: Cross Checkers

Smells Fishy? Tell the SEC

This EDGAR Is a Real Know-It-All

TABLE: Searching the SEC

Commentary: Analyst Calls: Let Investors Listen

TABLE: Calling All Netizens

The Barker Portfolio: A Battle Plan for Accidental Investors

Inside Wall Street: Wells Fargo Online

CHART: The Rise Trails Other Banks

Inside Wall Street: Bidding for 3COM?

CHART: Prior Takeovers Fizzled Out

Inside Wall Street: A TV-To-Net Linkup

CHART: ACTV's Rise Is Due to E-Commerce



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