For Investors, not Traders
Written: Oct 03 '01
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Pros: Full featured online broker
Comprehensive fixed income center
In depth research data base
Cons: Expensive trades
Lack of real time streaming quotes
Geared toward affluent investors
The Bottom Line: CFSB Direct is a comprehensive online broker geared for the more affluent, longer term investor. If you are looking for fixed income investments online, CFSB is an excellent choice.
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| proteus24's Full Review: DLJ Direct |
DLJ Direct, now CFSB Direct, is an online investment service that offers a comprehensive trading environment unsurpassed among internet brokers.
The standard equities trading screens are there of course, and normal buys and sells can be transacted for $20. There is no distinction between limit trades or market trades. Compared to discount brokers, this is roughly double the price they usually charge. Although there is a real time quote option, they do not offer real time streaming that is so valuable to frequent traders. If you day trade, CFSB is not the service for you.
The real value of CFSB lies in the other trading services it provides. In addition to a full array of options trading provisions, CFSB provides an extensive section for fixed income investing that includes, bonds, treasuries, agency bonds, corporates and secondary CD's.
The screens are easy to navigate and the bond research section explains in detail every aspect of bond and fixed income trading. The bond offerings are extensive and provide ratings details as well as all the pertinent yield information. As a novice fixed income investor, I was impressed with how easily I was able to complete transactions, requiring the assistance of a service rep at the bond desk only once.
CFSB also offers IPO's to it's investors with at least $100,000 in assets in their accounts. These IPO's are explained clearly and precisely, and all the information is available to make an informed IPO decision.
The research section is also first rate, but again you have to have $100,000 in your account to take advantage of it. They provide specific equities recommendations, as well as daily, weekly, monthly and yearly economic forecasts that have been uncannily accurate.
Overall customer service when needed has been adequate. After getting through the expected automated operator, I have been on hold an average of two minutes before a human takes my call. The knowledge and courtesy of the customer service people has been above average.
If you are looking for an online broker for intermediate to long term investing, check of CFSB.
Recommended:
Yes
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Epinions.com ID:
proteus24
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Member: William Busse
Location: Tucson, Az
Reviews written: 1
Trusted by: 0 members
About Me:
I am a businessman with an unfulfilled writing ambition.
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