The latest... TD Ameritrade IT will be working overnight to resolve issue.
So thats good.
So thats good.
Think or Swim Issues today? 8/17/20
- Thread starter jnbadger
- Start date
I'm out. Don't have time now, but will be opening with Schwab on Thursday. Hopefully that'll get me out of the current mess, and not get me trapped as a TDA customer during the integration. I've been acquired enough times over the years (OPXS, OpenEcry, ThinkorSwim) to know it's seldom a smooth experience for those being acquired.
If I was doing active futs trading still I'd open a dedicated futs account somewhere, but my futs activity is not short-term anymore.
If I was doing active futs trading still I'd open a dedicated futs account somewhere, but my futs activity is not short-term anymore.
I seriously think this outage has something to do with the Schwab buyout. Most of these IT guys will be redundant and they may be sabotaging the platform. 2 days of this is not normal in this industry.
+1 This is very unusual. I've been with TOS almost from the beginning. It's a well built platform. It could be as you said or with no more commissions, they are short staffed.
I think the platform is waaaay too bloated.
They should have a bare bones version for simple charting and execution.
Tastyworks is pretty much this.
Spoke to my acct rep at TD, who I do like. Told them I was planning to move my acct but b/c this person was so good to me over the years (I rarely paid commissions, had self-directed access to planning software, etc) I'd do so gradually over the next few weeks so their personal AUM metric won't take a big hit so close to the legal date of the merger closing, unless the current problems remain unsolved for another few days - then all bets are off. They totally understood my position & appreciated the personal gesture.
I agree, that could be the reason why they have these issues.
I've traded through AMP but only a small account. I didn't have any problems but I wouldn't be comfortable putting a significant sum with them. I've seen too many firms their size go bust, or fold.