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TJG210
LSU Fan
New Orleans
Member since Aug 2006
25664 posts

Any former scottrade folks not a fan of td ameritrade?
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??


Paul Allen
Notre Dame Fan
Boca Raton, FL
Member since Nov 2007
52746 posts

re: Any former scottrade folks not a fan of td ameritrade?
Move to Fidelity


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yellowhammer2098
Alabama Fan
New Orleans, LA
Member since Mar 2013
3745 posts

re: Any former scottrade folks not a fan of td ameritrade?
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.


LZ83
LSU Fan
La
Member since Sep 2016
5523 posts
 Online 

re: Any former scottrade folks not a fan of td ameritrade?
Moved my scottrade stuff to my guy at Edward Jones. Started using Robinhood instead.


TheBoo
New Orleans Saints Fan
The Bay Area
Member since Aug 2012
1850 posts

re: Any former scottrade folks not a fan of td ameritrade?
This guy.


darnol91
Montana Fan
Member since Jun 2015
591 posts

re: Any former scottrade folks not a fan of td ameritrade?
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.


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Omada
LSU Fan
Member since Jun 2015
565 posts
 Online 

re: Any former scottrade folks not a fan of td ameritrade?
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.


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Jyrdis
Auburn Fan
Member since Aug 2015
4879 posts

re: Any former scottrade folks not a fan of td ameritrade?
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.


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scobo68
Member since Mar 2018
1 post

re: Any former scottrade folks not a fan of td ameritrade?
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.


fallguy_1978
LSU Fan
Half mile from St George
Member since Feb 2018
3217 posts

re: Any former scottrade folks not a fan of td ameritrade?
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 at 2:58 pm


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OceanMan
LSU Fan
Member since Mar 2010
9969 posts

re: Any former scottrade folks not a fan of td ameritrade?
No I don’t like it either. Sucks that there will be a withdrawal penalty to move.


TheIndulger
LSU Fan
Member since Sep 2011
17532 posts

re: Any former scottrade folks not a fan of td ameritrade?
So far it seems fine. I like how I can have all my accounts in separate tabs without having to log into each one.


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matthew25
Ole Miss Fan
Member since Jun 2012
9091 posts

re: Any former scottrade folks not a fan of td ameritrade?
Tell me about the withdrawal penalty to move. How much?


OceanMan
LSU Fan
Member since Mar 2010
9969 posts

re: Any former scottrade folks not a fan of td ameritrade?
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


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b-rab2
LSU Fan
Lafayette
Member since Dec 2005
11541 posts

re: Any former scottrade folks not a fan of td ameritrade?
Think or Swim is great. If you are a pretty active trader you can call and negotiate fees


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Triple Bogey
LSU Fan
19th Green
Member since May 2017
1119 posts

re: Any former scottrade folks not a fan of td ameritrade?
Yep. I hate it. The layout is horrible. I'm about to make a change.


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Machine
New Orleans Pelicans Fan
Earth
Member since May 2011
5231 posts

re: Any former scottrade folks not a fan of td ameritrade?
quote:

Started using Robinhood instead.
this


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The Easter Bunny
Georgia Tech Fan
Member since Jan 2005
43745 posts

re: Any former scottrade folks not a fan of td ameritrade?
I'm thinking of moving to Schwab or Fidelity. Definitely hate the TD Ameritrade layout


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CarRamrod
USA Fan
Spurbury, VT
Member since Dec 2006
43364 posts

re: Any former scottrade folks not a fan of td ameritrade?
thinkorswim bro!


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