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Any former scottrade folks not a fan of td ameritrade?
Posted on 2/27/18 at 9:44 am
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 on 2/27/18 at 10:25 am to TJG210
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 on 2/27/18 at 10:29 am to TJG210
Moved my scottrade stuff to my guy at Edward Jones. Started using Robinhood instead.
Posted on 2/27/18 at 11:02 am to TheBoo
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 on 2/27/18 at 11:07 am to yellowhammer2098
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 on 2/27/18 at 1:15 pm to TJG210
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.
As an aside, I have been thinking of just switching to something else altogether, but haven't put much though past the switching.
Posted on 3/7/18 at 2:46 pm to TJG210
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.
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 on 3/7/18 at 2:51 pm to TJG210
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 on 3/7/18 at 3:06 pm to TJG210
No I don’t like it either. Sucks that there will be a withdrawal penalty to move.
Posted on 3/7/18 at 3:27 pm to scobo68
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 on 3/7/18 at 8:49 pm to OceanMan
Tell me about the withdrawal penalty to move. How much?
Posted on 3/8/18 at 7:58 am to matthew25
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 on 3/8/18 at 9:05 am to TJG210
Think or Swim is great. If you are a pretty active trader you can call and negotiate fees
Posted on 3/8/18 at 9:54 am to TJG210
Yep. I hate it. The layout is horrible. I'm about to make a change.
Posted on 3/8/18 at 10:49 am to LZ83
quote:this
Started using Robinhood instead.
Posted on 3/8/18 at 2:03 pm to TJG210
I'm thinking of moving to Schwab or Fidelity. Definitely hate the TD Ameritrade layout
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