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re: What platform do you use for buying/trading?

Posted on 1/30/21 at 12:41 pm to
Posted by Jag_Warrior
Virginia
Member since May 2015
4292 posts
Posted on 1/30/21 at 12:41 pm to
I've been with TD Ameritrade and/or ToS for 20+ years and I'm a very active trader. But I was prevented from making certain option short sells last week, like a lot of other people on most of the major (and minor) platforms.

I have a phone conference on Monday with my TDA account exec. Depending on what explanations I get, along with assurances that it won't happen again, I'll be looking to move my trading account to Dough Trading or somewhere else (I'll keep my vanilla IRAs with TDA). Like TastyTrade/TastyWorks, Dough is a platform built by Tom Sossnoff, who was the founder of Think or Swim, and TDA bought it from him years ago. Unlike TDA and most of the others that engaged in artificially depressing the prices of "meme stocks" and anything else that would harm the over-extended hedge funds, Dough didn't do that. They kept trading open for their clients.

I probably average about 30-40 option trades a week with TDA. But even with that, I realize that I'm small potatoes in the grand scheme of things there. But with so many trades, the $1000 or so they cost me on that one trade does add up for me. So I'll be looking for a more reliable, transparent broker, unless my guy can come up with some really good giggle-proof lies for me on Monday. Dough will probably be where I land. But we'll see.


I'm not endorsing them YET, but here's a link if you want to look around.
Dough Trading
Posted by down time
space
Member since Oct 2013
1914 posts
Posted on 1/30/21 at 12:48 pm to
I use fidelity for roth, the app could use improvement.

I will also find out how easy it is to move my RH shares over this week.
Posted by TigerintheNO
New Orleans
Member since Jan 2004
44251 posts
Posted on 1/30/21 at 12:55 pm to
I have my IRA with Fidelity and I'm happy with the service
Posted by Fat Bastard
2024 NFL pick'em champion
Member since Mar 2009
89375 posts
Posted on 1/30/21 at 1:06 pm to
TD Ameritrade - solo 401k holdings when in between real estate deals
E trade - commodities futures.
Vanguard. - retirement.
Posted by Barrister
Member since Jul 2012
5219 posts
Posted on 1/30/21 at 1:08 pm to
E*Trade for investments account. WeBull for Day Trading
Posted by down time
space
Member since Oct 2013
1914 posts
Posted on 1/30/21 at 4:31 pm to
Fidelity offered to pay my $75 transfer fee from RH on a full transfer. Crypto cannot transfer.
Posted by Shamoan
Member since Feb 2019
13265 posts
Posted on 1/30/21 at 4:40 pm to
Vanguard. My trades weren’t limited one bit this week, so I’ve got no excuse to have not made more money other than I had little cash ready.
Posted by xGeauxLSUx
United States of Atrophy
Member since Oct 2008
22616 posts
Posted on 1/30/21 at 4:44 pm to
TD Ameritrade through Thinkorswim on desktop.
App is kinda meh in my opinion.
Posted by beaverfever
Arkansas
Member since Jan 2008
35467 posts
Posted on 1/30/21 at 5:57 pm to
Schwab. It’s a fine platform for investing but I can’t comment on how good it is for active traders.
Posted by JasonHotWheelsStreet
Member since Mar 2015
394 posts
Posted on 1/30/21 at 6:04 pm to
I'm thinking of moving from RH to Fidelity soon thru this process. Would like to hear of how easy it is. Did Fidelity offer up any compensation to cover the RH transfer fee?
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 1/30/21 at 6:08 pm to
Vanguard

Btw they hold GME
Posted by Diseasefreeforall
Member since Oct 2012
7221 posts
Posted on 1/30/21 at 6:17 pm to
Are there any platforms other than Interactive Brokers that allow you to trade stocks only listed on foreign exchanges?

I like etrade because they don't charge an extra fee for foreign stocks traded in the US but it's frustrating that I can't buy stocks only listed on Canadian or Australian exchanges. I have an Interactive Brokers account for that but their interface sucks and they have a mandatory 4 day waiting period for deposits.
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