E*Trade, ScottsTrade, TDWaterhouse...

HDMIsource.com · 03-02-2006, 05:51 PM

I'm currently with TDWaterhouse, and each trade they're charging $11.95. Their record keeping and software stinks in my opinion. Their monthly statements are confusing and if I didn't separately keep track of my trades, I'd have been lost. The worst part of TD is their stock tracking software. Stocks I've sold or covered still remain on my screen. Called a few times to have them deleted and they're still there. Any good trading sites you can recommend?

mlegha1 · 03-02-2006, 08:01 PM

Came across a few cheaper ones www.firstrade.com and www.tradeking.com both seem new and good.I myself havea sharebuilder account but am in a similar situation looking for a cheaper more flexible broker.

roehrigs01 · 03-02-2006, 08:35 PM

Buy&Hold is $14 for the month, but uses widow trades... like 9, 12 & 3 EST.

I have been looking at leaving B&H to go with IB..http://interactivebrokers.com $10 a month min commisions and like $1 a trade...The $10 is canxed if the commision is $10+ from online trades.

Jordan · 03-02-2006, 08:45 PM

What do you guys think about scottrade?

bludevil007 · 03-02-2006, 08:54 PM

even though i pay 11 a trade (10.99), i really like ameritrade. They have great charts and a great streamer. The trades are quick and effective. Their statements are easy to read. Commissions are always annoying, and the difference between 8 and 11 is not enough for me to switch to scottrade, but i do hear interactivebrokers is good.

teno4212 · 03-02-2006, 09:01 PM

Etrade has nice fast transaction guarantees and such, but unless you have a lot of money or a ton of trades per quarter going on, each trade is 12.99 and the charts aren't all that great as far as I'm concerned (not big enough).

roy · 03-02-2006, 09:02 PM

At Ameritrade, you also get 10 (or 15) free trades after you sign up. If you are an Apex client, you get 35 free trades. And I find their customer service to be very efficient.

Luc1Grunt · 03-02-2006, 09:09 PM

Scottrade Elite, but may move to tradestation as my trade volume reaches their prescribed level (to avoid paying for the platform).

Scottrade has been far superior to e-trade.

mhertz · 03-02-2006, 09:28 PM

Take a look at optionsXpress -- I'm currently in the midst of transferring my Ameritrade account to OXPS.

CapeCodSue · 03-02-2006, 10:21 PM

Quote:

Originally Posted by bludevil007

even though i pay 11 a trade (10.99), i really like ameritrade. They have great charts and a great streamer. The trades are quick and effective. Their statements are easy to read. Commissions are always annoying, and the difference between 8 and 11 is not enough for me to switch to scottrade, but i do hear interactivebrokers is good.

TD Waterhouse and Ameritrade just joined forces and are now TD Ameritrade. They have not yet told us much about what changes will be forthcoming or what the trades will cost. TD Waterhouse was charging around $21-$22 for a limit order.

03-02-2006, 05:51 PM	#1
HDMIsource.com new member Join Date: Mar 2006 Posts: 12	*ETrade, ScottsTrade, TDWaterhouse...** I'm currently with TDWaterhouse, and each trade they're charging $11.95. Their record keeping and software stinks in my opinion. Their monthly statements are confusing and if I didn't separately keep track of my trades, I'd have been lost. The worst part of TD is their stock tracking software. Stocks I've sold or covered still remain on my screen. Called a few times to have them deleted and they're still there. Any good trading sites you can recommend?

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03-02-2006, 08:01 PM	#2
mlegha1 valued contributor oct/08 simulation winner feb/08 simulation winner weekly challenge winner 9x Join Date: Jan 2006 Posts: 725	Came across a few cheaper ones www.firstrade.com and www.tradeking.com both seem new and good.I myself havea sharebuilder account but am in a similar situation looking for a cheaper more flexible broker.

03-02-2006, 08:35 PM	#3
roehrigs01 valued contributor Join Date: Feb 2006 Location: Oahu, Hawaii Posts: 294	Buy&Hold is $14 for the month, but uses widow trades... like 9, 12 & 3 EST. I have been looking at leaving B&H to go with IB..http://interactivebrokers.com $10 a month min commisions and like $1 a trade...The $10 is canxed if the commision is $10+ from online trades.

03-02-2006, 08:45 PM	#4
Jordan valued contributor weekly challenge winner 5x Join Date: Feb 2006 Location: MD Posts: 647	What do you guys think about scottrade?

03-02-2006, 08:54 PM	#5
bludevil007 valued contributor Join Date: Nov 2005 Location: New Haven, CT Posts: 231	even though i pay 11 a trade (10.99), i really like ameritrade. They have great charts and a great streamer. The trades are quick and effective. Their statements are easy to read. Commissions are always annoying, and the difference between 8 and 11 is not enough for me to switch to scottrade, but i do hear interactivebrokers is good.

03-02-2006, 09:01 PM	#6
teno4212 valued contributor Join Date: Feb 2006 Location: Rhode Island Posts: 122	Etrade has nice fast transaction guarantees and such, but unless you have a lot of money or a ton of trades per quarter going on, each trade is 12.99 and the charts aren't all that great as far as I'm concerned (not big enough).

03-02-2006, 09:02 PM	#7
roy valued contributor Join Date: Jan 2006 Location: Stamford, CT Posts: 222	At Ameritrade, you also get 10 (or 15) free trades after you sign up. If you are an Apex client, you get 35 free trades. And I find their customer service to be very efficient.

03-02-2006, 09:09 PM	#8
Luc1Grunt forum leader Join Date: Sep 2005 Posts: 2,146	Scottrade Elite, but may move to tradestation as my trade volume reaches their prescribed level (to avoid paying for the platform). Scottrade has been far superior to e-trade.

03-02-2006, 09:28 PM	#9
mhertz valued contributor Join Date: Oct 2005 Posts: 632	Take a look at optionsXpress -- I'm currently in the midst of transferring my Ameritrade account to OXPS.