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re: Which firm do you like? Looking to possibly get away from fidelity

Posted on 2/19/21 at 8:26 am to
Posted by tiggerthetooth
Big Momma's House
Member since Oct 2010
61410 posts
Posted on 2/19/21 at 8:26 am to
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
Posted by GrizzlyAlloy
Member since Aug 2020
1687 posts
Posted on 2/19/21 at 10:50 am to
quote:

If you're a new user to fidelity it's going to take longer to get funds settled in the beginning


This is true. I have a 401k and Roth with Fidelity. Opened a brokerage account and sent funds from my bank and was trading in 5 mins.
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