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No. of Recommendations: 1
Based on an article I read some months ago, and TMFs positive assessment of the online broker offer being made by Am Express, I phoned them and asked for info to be sent. After a couple of months I had not receive the requested information (bad customer service there I'd say) but, being in the middle of an overseas move, the issue was shunted to the back burner and I lost track of it for some time.

I read another article recently and recommended a family member look into opening an account with Am Express as I planned to do. What could be better than free trades? Recently I finally got around to using another route to research the possiblility of moving the family's joint account and two separate IRA accounts to Am Express, only to find they had changed the rules.

One of our current brokerages charges $5 for market orders and $10 for limit orders. A buy and a sell with them, under any circumstances, still matches what Am Express is now offering. Too, I am suspicious of a company that changes their stripes so rapidly. Am Express never had my business, and based on what I've seen will not get it. Glad I didn't rush to action on this deal.

Too bad; even though our accounts don't see a lot of action, I was looking forward to free trades, or should I say free investing?
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