Ameritrade(Datek) Direct

Quote from loufah:

Even when I give fairly specific bug reports about certain quotes being wrong under certain reproducible conditions, I'm always told all systems are working fine and I should clear my browser's cache. :mad:

Nothing's changed since I dumped them Dec 01. It was always my fault, always my computer's fault, reboot the system (like I can just shut down everything during the trading day), empty out the cache, yabba-dabba-do.

DATEK/AMTD SUCKS. Thank God I found IB that's all I have to say.
 
Quote from zxcv1fu:

some told me IB only charge $1/contract for option & is happy with tradings there.

I love 'em. Been there a little over a year now and couldn't imagine going anywhere else.
 
Quote from zxcv1fu:

Just start to check out this week, since the commission is $10.99 per order. I also have Real Tick which much more expensive, but has multi time frame real time charts.

Any one use the Datek Direct? Where do you get the real time charts?

Ameritrade/Datek is the AOL of Brokers. You pay a lot more for a pretty interface and below average fill speed.

The only viable thing would be if you always traded several thousand shares at a time, which would be cheaper than a per/share brokerage. However, there are at least a dozen similar brokerages that cost less .. RJT, Etrade, Brown, Scotttrade, etc.
 
Cgjung, I couldn't agree with you more. Datek
is one hell of a ride if you attempt to day trade, AND their customer service is atrocious.

Example 1: My Command Center window is fix, they cannot fix it, but blame it on me and/or my computer of course. One of their tech support guys made me change some 10-15 settings on my computer, but none of those changes made any difference. The window is still broken and they just do not care.

Example 2: When I day trade I have to flip between the order window, daily activity window, and kepp losing time costing me big bucks, but they do not care.

Example 3: They also overcharged me by giving me some 15 separate slow/inferior/bad orders on 5 separate days for many large blocks of shares for a stock that trades on the AMEX.

Example 4: I asked for credits for these overcharges, but it is the same story: Datek is giving me the runaround and blaming it on me, too. If I send e-mail, Datek sends me no response except a form letter. If I use Answerbox to write them to complain, oh no, it is your fault, you should've called. If I call, oh, no; not the right time; you should've called when the market was active. When I call when the markets are active, then oh, no, not the right time; we're just too busy now.
 
Quote from zxcv1fu:

Any one use the Datek Direct?


My recommendation - forget Ameritrade/Datek....I've had accounts with them for years, and this week I finally closed them..enough of their nonsense!!!!:mad: :mad:
 
What is other better alternative? I use Ameritrade (old Datek) for penny stocks. The interface is not as good as real Tick but it is cheaper.

What I do not like is I can not buy Profund mutual funds & the regular Ameritrade clients can. Like the USPIX but can not buy:(
 
Quote from jorges:

Why are you so negative about Ameritrade/Datek? What types of problems did you see?

What REALLY gets to me is a combination of a pretty interface, slow/bad/inferior fills, and slow/stupid/low IQ/atrocious customer "service".
 
What pissed me off was the webpage-based forms. Click Buy and get this "Website found . . . waiting for reply. . . ."

The best thing to come out of the Datek/AMTD merger? No more Ed Nicole commercials 3x every 5 minutes.
 
Quote from sunnie:

My recommendation - forget Ameritrade/Datek....I've had accounts with them for years, and this week I finally closed them..enough of their nonsense!!!!:mad: :mad:

I used to have another broker (Firstrade) who was even worse than Datek, but you know what? Firstrade is still in business, and seem to have lots of customers. I find it amazing that there are investors -- and lots of them! -- who will put up with just about everything.
 
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