Quote:
Originally Posted by haha
If you use it or have used it, would you mention some of the features you like best? Maybe least liked features too? I just started with it and it seems a bit overwhelming.
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Good:
- Watching order flow (maybe available at Level II, haven't checked in a while).
- Huge array of alerts & watch lists that can be updated in real time by price, % change, & highs/lows.
- Automated "if-then" order execution to allow you to exploit opportunities at the speed of light.
- Robust website & backups, no personal problems during any of the market's volatility or volume since at least 2000.
- Quick response to trouble tickets, e-mails, & phone calls.
- Lots of updates & upgrades.
- With frequent trades and/or high balances, Fidelity offers reduced commissions, access to IPOs, and margin/shorting/options features.
Not so good:
- Huge array of features that'll keep you tied to your monitor for hours.
- Automated order execution to allow you to make mistakes at the speed of light.
- Lots of updates & upgrades. So far it's been pretty trouble-free but...
- With frequent trades and/or high balances, Fidelity offers reduced commissions, access to IPOs, and margin/shorting/options features.
- More trading is strongly encouraged!
I worked with it for a couple of years but I put it away a couple years ago and haven't picked it up since. If I was Gary "How I Trade For A Living" Smith then I'd be tempted to quit my day job and use this software, but... I have to admit that compared to the vendor products Active Trader is a great free platform with plenty of support and little hype. But Fidelity quickly earns back their money on the trading commissions.