TOS/TDA down again. :(

Someone write an email to a good reliable broker.
Tell them we are a group of many TOS's disappointed customers and ask them to give us a good commission plan.

opened a facebook group:
TD Ameritrade's fed up customers

Please join
 
Quote from rmorse:

Check out the 14 day free trial of Silexx Obsidian. We offer this platform with accounts at ML Pro and Penson with Portfolio Margin.

http://www.silexx.com/obsidian/signup

-----------------------------------
Robert L. Morse
Business Development
VICTOR SECURITIES
285 Grand Avenue,Englewood, NJ 07631
rmorse@victorsecurities.com
office: 646-545-3860
http://www.linkedin.com/pub/robert-morse/6/8a7/617
http://www.victorsecurities.com/
-----------------------------------
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Just wanted to comment here as some people are annoyed at Rmorse for "trolling".

I found out about his firm through this message board. Although I ended up staying in a current arrangement instead of going through him, I think he presents a very viable option that many traders do not know about. An active trader can save a substantial amount of money even vs Interactive brokers. Its not for everyone as more money is needed for a portfolio margin account.

Bob gives frequent advice to many traders, his firm sponsors the Options forum (which helps allow Elite trader to exist). I personally welcome ideas even from firms that might profit from my business and do not consider it trolling.
 
This just occurred to me: anyone else see anything in the messages about this outage? I just looked through them and didn't see a thing. Checked my email; nothing.
We're all making the mistake of thinking they want TOS customers; it's blindingly obvious they don't. What they wanted was the software. Us, we could go blow.
 
I think TDAT wanted the 250,000 TOS accounts, cash revenue stream, employees, software, and the ongoing business. In my opinion the value of the software was only a small part of the $750,000,000 purchase price paid ($3,000 per account). I think TDAT underestimated what is required to merge TOS within TDAT. The purchase of TOS may well turn out to be another one of TDAT management's poor decisions. TOS does not fit well within TDAT's business model for long term investors.
 
Quote from Catoosa:

TOS does not fit well within TDAT's business model for long term investors.
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these large discount brokers like TDA and e-trade are trying to get the active traders, who are far more profitable than buy & holders.

the TOS software platform and backend of course are worth nowhere near the amount TDA paid to acquire TOS; TDA could have developed it for under $20 million. what TDA paid for was the customer base and revenue stream.
 
Quote from rickf:

So I just fired off a few questions to Etrade just to settle my curiosity. They require you to enter a phone number to send an inquiry. Good thing I checked before clicking "send" --

"By entering my phone number, email address, and clicking the "Send Now" button below, I am expressly granting E*TRADE Financial Corporation and its affiliates permission to contact me, even if such number/email address is listed on the National Do-Not-Call Registry or E*TRADE's internal do-not-call and do-not-email lists. I acknowledge that my entering my telephone number and email address above constitutes my electronic signature for this consent. "

Umm, no, I don't.... And that's rather rude of you.

So I used their customer service and hit send.. :)
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Well done! :p Similarly, when I'm asked for an email address and don't even want to provide a temporary one, I give "null@aol.com".
 
I loved TOS and the TOS platform, and every growing library of screencasts, demos, and mobile options. But since the TDA takeover, there's no more monthly updates to the TOS platform :-( .

I do not see a future here.
 
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