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Any former scottrade folks not a fan of td ameritrade?

Posted on 2/27/18 at 9:44 am
Posted by TJG210
New Orleans
Member since Aug 2006
28340 posts
Posted on 2/27/18 at 9:44 am
Been fooling around with the new layout for the last couple days and the interface is awful and already looking to change. Anyone else feel the same? Is Schwab/Fidelity any better??
Posted by Paul Allen
Montauk, NY
Member since Nov 2007
75184 posts
Posted on 2/27/18 at 9:57 am to
Move to Fidelity
Posted by yellowhammer2098
New Orleans, LA
Member since Mar 2013
3850 posts
Posted on 2/27/18 at 10:25 am to
I feel like these online brokerages are somewhat of a commodity (other than RH which is intentionally limited). I'm not sure how TD Ameritrade still has fees that are higher than Fidelity and Schwab (granted I don't look at other fees other than typical stock fee). I left Scottrade for Fidelity about 4 years ago.
Posted by LZ83
La
Member since Sep 2016
17406 posts
Posted on 2/27/18 at 10:29 am to
Moved my scottrade stuff to my guy at Edward Jones. Started using Robinhood instead.
Posted by TheBoo
South to Louisiana
Member since Aug 2012
4501 posts
Posted on 2/27/18 at 10:40 am to
This guy.
Posted by darnol91
Member since Jun 2015
749 posts
Posted on 2/27/18 at 11:02 am to
I had scottrade. Fees eat you alive if you are anywhere near active. I switched to Interactive Broker and havent looked back. They even offer free ACATS transfer to hold your position from your current broker. Great platform and many more tools/options than most other brokers.
Posted by Omada
Member since Jun 2015
695 posts
Posted on 2/27/18 at 11:07 am to
quote:

I'm not sure how TD Ameritrade still has fees that are higher than Fidelity and Schwab (granted I don't look at other fees other than typical stock fee).

Fee pricing generally reflects what the brokerages provide: information and training, lower cost or no cost ETF's, trading platforms, technical and customer support, etc. Most of those aren't too useful to the passive investor, but brokerages aren't making most of their money on fees on the passive investors but rather the active investors and traders.

Depending on account size and/or activity, you may be able to negotiate lower fees. I've heard to do that over the phone rather than chat or email.
Posted by Jyrdis
TD Premium Member Level III
Member since Aug 2015
12792 posts
Posted on 2/27/18 at 1:15 pm to
Finally got a look at a good bit of the stuff yesterday. The mobile app is ok and is either on par with what Scottrade had or a bit better. I haven't had much of a chance to mess around with thinkorswim yet, though finding the download was a bit of a pain. I figure, the fees are the same, the physical locations are still there (though I never use them) and there are a few new education and research tools. Overall, it's not bad, and there will be some learning by doing in the new platform.

As an aside, I have been thinking of just switching to something else altogether, but haven't put much though past the switching.
Posted by scobo68
Member since Mar 2018
1 post
Posted on 3/7/18 at 2:46 pm to
I had Ameritrade a long time ago, went to Scottrade from there for better interface. Now I end up back at Ameritrade and again not impressed with the interface.

What stood out immediately was lack of information readily available such as quarterly dividend and pay date of dividend. On stocks could find that info on the calendar tab. However on the ETFs I own there is no such tab and these pay monthly. So now I'm having to look outside of Ameritrade to the ETF page to find when and how much the dividend is. This information was all part of the stock/etf information on Scottrade.

If such basic information is lacking it makes me wonder what else is.

Looking to switch brokerages also.
Posted by fallguy_1978
Best States #50
Member since Feb 2018
48498 posts
Posted on 3/7/18 at 2:51 pm to
quote:

Is Schwab/Fidelity any better??

I like Fidelity but my main IRA is with Capital One Investing (formerly Sharebuilder). I like the Capital One account because it includes the option to automatically reinvest dividends whereas Fidelity doesn't.

Unfortunately it's being sold to Etrade. Hopefully they'll offer this as well.

ETA - this thread made me check Fidelity and they do offer it now. They used to not
This post was edited on 3/7/18 at 2:58 pm
Posted by OceanMan
Member since Mar 2010
20017 posts
Posted on 3/7/18 at 3:06 pm to
No I don’t like it either. Sucks that there will be a withdrawal penalty to move.
Posted by TheIndulger
Member since Sep 2011
19239 posts
Posted on 3/7/18 at 3:27 pm to
So far it seems fine. I like how I can have all my accounts in separate tabs without having to log into each one.
Posted by matthew25
Member since Jun 2012
9425 posts
Posted on 3/7/18 at 8:49 pm to
Tell me about the withdrawal penalty to move. How much?
Posted by OceanMan
Member since Mar 2010
20017 posts
Posted on 3/8/18 at 7:58 am to
I’m really not sure I just remember scottrade emailing something that you could basically switch for free before the transition. I don’t know honk it is that big of deal but though, usually the company you are switching to will offer a bonus
Posted by b-rab2
N. Louisiana
Member since Dec 2005
12576 posts
Posted on 3/8/18 at 9:05 am to
Think or Swim is great. If you are a pretty active trader you can call and negotiate fees
Posted by Triple Bogey
19th Green
Member since May 2017
5984 posts
Posted on 3/8/18 at 9:54 am to
Yep. I hate it. The layout is horrible. I'm about to make a change.
Posted by Machine
Earth
Member since May 2011
6001 posts
Posted on 3/8/18 at 10:49 am to
quote:

Started using Robinhood instead.
this
Posted by The Easter Bunny
Minnesota
Member since Jan 2005
45568 posts
Posted on 3/8/18 at 2:03 pm to
I'm thinking of moving to Schwab or Fidelity. Definitely hate the TD Ameritrade layout
Posted by CarRamrod
Spurbury, VT
Member since Dec 2006
57438 posts
Posted on 3/8/18 at 2:22 pm to
thinkorswim bro!
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