Downvote the hell out of me, but as a relatively rookie, I have been using Robinhood for a year. During last months shite storm, I opened a E*Trade account. I don’t like it. Many many times I try to by 50 shares and it re-configures for 5000 (just an example) and then I get an insufficient funds error. I also like the instant deposit on Robinhood. By the stock today, start the withdrawal today, funds settle in 2-3 days.

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Posted by tiggerthetooth

Big Momma's House

Member since Oct 2010

61411 posts

Posted on 2/19/21 at 8:26 am to supadave3

quote:
Downvote the hell out of me, but as a relatively rookie, I have been using Robinhood for a year. During last months shite storm, I opened a E*Trade account. I don’t like it. Many many times I try to by 50 shares and it re-configures for 5000 (just an example) and then I get an insufficient funds error. I also like the instant deposit on Robinhood. By the stock today, start the withdrawal today, funds settle in 2-3 days.

If you're a new user to fidelity it's going to take longer to get funds settled in the beginning. Eventually you won't have to wait as long after they've taken data on your "trading patterns".

I had to wait almost 2 weeks to get my funds settled before I could make any stock purchases when I first opened an account on fidelity.

I think fidelity has a wide range of stock available. Way better than robinhood in that department. Robinhood looks a little nicer but it's not that much better.

This post was edited on 2/19/21 at 8:27 am

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Posted by Warfarer

Dothan, AL

Member since May 2010

12134 posts

Posted on 2/19/21 at 9:52 am to supadave3

quote:
Downvote the hell out of me, but as a relatively rookie, I have been using Robinhood for a year. During last months shite storm, I opened a E*Trade account. I don’t like it.

I opened accounts with several after the robinhood fiasco. I didn't mind them pausing trading on GME, I could give a shite on that but them freezing a bunch of stocks that I had been buying for a few months really pissed me off. I went to buy another 500 shares of ZOM at .80 and they had limited it that day and the next day it was back up over 1.25 and now 2.50. It cost me about 1 to 2k on that trade alone. I went to buy a bunch of Doge at .02 and they wouldn't release the money I put in a week ago to buy it, within a week it jumped to 7 cents and cost me another couple grand. After that I was done with them and their bullshite.

I already had fidelity accounts with my Roth and mutual funds so I went with them. I just didn't like the Webull layout or the TD Ameritrade layout. I figured I would just learn the Fidelity layout and be done with it. It is not nearly as user friendly but once you set up some watch lists and get some money flowing through it is fairly simple to move stuff around and buy when you want.

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Posted by Dawgfan247