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TD ameritrade down again for me
- Thread starter freewilly
- Start date
Quote from neke:
If you trade 35000 shares at a go, Ameritrade is better than IB commissionwise. Also as has been pointed out, the customer service (especially if you are an Apex customer) is miles better.
If options are important to you, be aware that TD-Amer is expensive, $10 + 0.75 per option for execution, and a $20 charge if the option expires intrinsic (OTM expiries are free). And they aren't willing to negotiate the $10 + 0.75 rate, even for substantial accounts (I tried today).
Quote from freewilly:
Thii morning till now,, Strategic desk is very buggy for me.
Canceled buy order at 10000 shares of ONNN AT 6.00, confirmed, but it showed up in my account.
I was scrared. I had a 3000 shares short of SYMC at $16, thought to cover at market price, but it was just frozen there for 3 minutes, no action. SYMC is a very liquid stock, and I was a market order (because I was so scared.)
Canceled that cover order, then realized could lead another problem. What if it filled but I didn't know.
Finally, I covered it at 15.38, worked better for me, but I was so sacred, otherwise I would hold till $14.8.
Then trying to sell 35000 shares of C, man I was just so scared, everything was a mess, not allowed again, complaining I was selling more share than I had.
Then tried to sell 10000 shares of FPR at $1.72, few minutes no luck, finanlyy sold at $1.62.
Second time on me. I had similar problem with TD ameritrade last Friday.
This is so scary.
Any recommendation for a new broker?
Thanks,
Freewilly
I switched to IB after 6 months day trading and now I cannot even trade on Ameritrades platform it is way too slow.
Just the commissions alone I saved tens of thousands a year. (I was paying TD $5 a trade)
The learning curve to get use too IB took me a couple of weeks but now I can get into a trade in under 2 seconds.
With IB you can also trade futures which is great. It opens up a whole new world of trading.
Well, I am totally opposite. I switched from IB to Td AMERITRADE. IB is way too expensive for people who have some sizes.
IB is $0.005/share, if you want to buy $10K share, that's $50 one way.
I sometimes by 100K shares or more, that's $500 one way for IB.
$10K share is really not much if you play C, BAC,LVS, DRYS, etc.
IB is $0.005/share, if you want to buy $10K share, that's $50 one way.
I sometimes by 100K shares or more, that's $500 one way for IB.
$10K share is really not much if you play C, BAC,LVS, DRYS, etc.
Quote from freewilly:
Any recommendation for a new broker?
Thanks,
Freewilly
I find TD executes OK when its computer isn't malfunctioning. This happens too frequently though considering the size of the company. TD has a lot of rules for trading that you don't find out about until you lose $'s trying to do something new. One thing that particularly bugs me is that they don't guarantee submission before opening of trades submitted between 09:28 and 09:30 .
The plus for TD is that they're totally solvent and your account per se is safe.
Quote from Hansel H:
One thing that particularly bugs me is that they don't guarantee submission before opening of trades submitted between 09:28 and 09:30
How can they, or any broker, "guarantee" there will never be failures or slowdowns anywhere along the daisy-chain of servers involved in pushing orders into the exchange(s)?
Have you had problems with orders entered just before 9:30 at TD? I haven't.
Quote from Rodney King:
If options are important to you, be aware that TD-Amer is expensive, $10 + 0.75 per option for execution, and a $20 charge if the option expires intrinsic (OTM expiries are free). And they aren't willing to negotiate the $10 + 0.75 rate, even for substantial accounts (I tried today).
I do not have an overly substantial account, and I renegotiated my rate down to $7...
I am looking for cases of fraud with TD Ameritrade whether it be problems shorting their stocks to money being transferred out of your account or other compromising transactions. I work with a group who has been fighting white collar crime for 4 years now and have uncovered problems with this company. We have a high profile NYC newspaper reporter prepared to write an article about TD Ameritrade followed by a book. The goal of these articles are to make trading safer for consumers. I'm really looking forward to hearing from you!
ann.silver@live.com
ann.silver@live.com
Quote from annsilver:
I am looking for cases of fraud with TD Ameritrade whether it be problems shorting their stocks to money being transferred out of your account or other compromising transactions. I work with a group who has been fighting white collar crime for 4 years now and have uncovered problems with this company. We have a high profile NYC newspaper reporter prepared to write an article about TD Ameritrade followed by a book. The goal of these articles are to make trading safer for consumers. I'm really looking forward to hearing from you!
ann.silver@live.com
Ummm, there's a nutritionist http://www.annsilverrd.com/ and an artist http://www.deafart.org/Biographies/Ann_Silver/ann_silver.html and a physiologist https://www.ucl.ac.uk/histmed/audio/neuroscience/silver ... are you any of those?
Some clear, verifiable biographic info about yourself would probably encourage replies to your request.