Started By
Message

re: Best online trading platform? Not Vanguard

Posted on 12/23/20 at 4:35 pm to
Posted by Auburn1968
NYC
Member since Mar 2019
25160 posts
Posted on 12/23/20 at 4:35 pm to
quote:

You will get the same warning from Fidelity about unsettled funds. I'm pretty sure its industry practice for funds to be settled before buying more stock with those funds.


I don't have a problem buying with unsettled funds as long as I don't trade the stock before it is settled. I generally avoid doing it though. Too easy to make a mistake and get a 90 day freeze.
Posted by Brettesaurus Rex
Baton Rouge
Member since Dec 2009
38261 posts
Posted on 12/23/20 at 6:45 pm to
Can’t recommend Webull enough. Trading hours from 3AM to 7PM. Even if you’re under 25k they allow 3 day trades per 5 day rolling period.

I see the others go down relatively often too.
Posted by Brettesaurus Rex
Baton Rouge
Member since Dec 2009
38261 posts
Posted on 12/23/20 at 6:45 pm to
quote:

Not a big fan of webull.

Curious what you don’t like about it?
Posted by Fat Bastard
2024 NFL pick'em champion
Member since Mar 2009
89192 posts
Posted on 12/23/20 at 7:14 pm to
TDA for stocks

E trade for commodities/futures

Posted by Got Heeem
Georgia
Member since Sep 2012
3631 posts
Posted on 12/24/20 at 12:15 am to
quote:

Curious what you don’t like about it?

mainly the UI. Much prefer etrade.
Posted by CajunTiger92
Member since Dec 2007
2861 posts
Posted on 12/24/20 at 5:22 am to
If settlement restrictions are your only issues with vanguard then check and see if they offer limited margin for your account. It should not cost anything to set up and use.
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
135604 posts
Posted on 12/24/20 at 5:28 am to
We've had good luck with TD Ameritrade and Schwab, but rarely use margins in those accounts. If margin trades are a major focus, you might give Interactive Brokers a look.
Posted by FLObserver
Jacksonville
Member since Nov 2005
15820 posts
Posted on 12/24/20 at 6:29 am to
quote:

There are laws around trading on unsettled funds regardless of broker. Are you wanting to trade on margin?

I have a wells account for my banking/it has a brokers account attached to it. I used to have wait after making a trade if i only had a certain amount in my brokage account but with it attached to checking i just transfer money from checking and i can trade almost immediately with those funds. Really nice.
Posted by dirtsandwich
AL
Member since May 2016
6504 posts
Posted on 12/24/20 at 7:37 am to
quote:

I use Fidelity and I like it very much. But, I've never used anything else so nothing to compare it to.

Same. I’m also not an particularly active trader.
Posted by NOMT
Baton Rouge, LA
Member since Mar 2007
575 posts
Posted on 12/24/20 at 7:57 am to
I have used Ally since they bought TradeKing. Not a active day trader or anything, usually make 5-10 trades a month only.

The interface is nice, mobile app works great, and no complaints. Probably not as much built in research, etc as some of the bigger brokerages.

I've thought at times about trying out TDA or one of the other big brokers, but honestly I can't find a reason to switch.
Posted by Jag_Warrior
Virginia
Member since May 2015
4292 posts
Posted on 12/24/20 at 12:42 pm to
quote:

I've thought at times about trying out TDA or one of the other big brokers, but honestly I can't find a reason to switch.


If you’re not particularly active, and you’re happy with Ally (or some other), I’d just stick with whatever gets the job done for you.

Especially with options, I’m very active, and TDA’s Think or Swim is what I rely on. It’s got as much as most anyone would need, but it does have something of a learning curve - especially the desktop version. Based on what one of the higher ups at TDA told me several months ago, gaining ToS (and the pro and semi-pro traders that would come with it) is a major reason for Schwab buying TDA. So ToS will remain under Schwab, largely unchanged.
Posted by r0cky1
Member since Oct 2020
4720 posts
Posted on 12/26/20 at 1:47 pm to
Schwab is the goat. If you're going to do lots of trading though its platform may not be for you. I like it the most because it doesn't make me want to sit and stare at it like robinhood. But they have top notch customer service
first pageprev pagePage 2 of 2Next pagelast page
refresh

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on X, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookXInstagram