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Which firm do you like? Looking to possibly get away from fidelity
Posted on 2/19/21 at 6:45 am
Posted on 2/19/21 at 6:45 am
For some reason my eft request wasnt approved so i had to wire funds from my bank to buy stocks. I been on the phone for over 2 hours on hold yesterday and was also attempting chat and with no response from either. I really dont care for how its laid out either. Honestly Robinhood is the best laid out user friendly ive used but its Robinhood lol and cant buy otc. Is TD Ameritrade, Schwab, etc any better than fidelity?
19
Posted on 2/19/21 at 7:28 am to Lucky_Stryke
I have TDA, and haven't had many issues, but I see people getting better buys on Schwabb fwiw.
My gf was on the phone with someone last week getting help with her TDA account and they told her that Schwabb was "buying out TDA." I have no idea if that's true or of it's implications.
My gf was on the phone with someone last week getting help with her TDA account and they told her that Schwabb was "buying out TDA." I have no idea if that's true or of it's implications.
Posted on 2/19/21 at 7:46 am to Lucky_Stryke
Are you a new user on fidelity?
Posted on 2/19/21 at 8:03 am to tiggerthetooth
Downvote the hell out of me, but as a relatively rookie, I have been using Robinhood for a year. During last months shite storm, I opened a E*Trade account. I don’t like it. Many many times I try to by 50 shares and it re-configures for 5000 (just an example) and then I get an insufficient funds error. I also like the instant deposit on Robinhood. By the stock today, start the withdrawal today, funds settle in 2-3 days.
Posted on 2/19/21 at 8:11 am to Lucky_Stryke
I've never used Robinhood, but just comparing Fidelity to ETrade, I like Fidelity more. When I first got into buying stocks, I did it on Etrade, downloaded Robinhood when it first came out, but never put any money in it. When the company I worked for did their stock purchase plan through fidelity, I switched all my accounts to Fidelity and haven't had any issues. Maybe it's just me though. 
Posted on 2/19/21 at 8:18 am to Lucky_Stryke
I've had nothing but good experiences with Fidelity... they might just not like you baw
Posted on 2/19/21 at 8:19 am to Grassy1
quote:
Schwab was "buying out TDA."
This is true, its a done deal.
Posted on 2/19/21 at 8:26 am to supadave3
quote:
Downvote the hell out of me, but as a relatively rookie, I have been using Robinhood for a year. During last months shite storm, I opened a E*Trade account. I don’t like it. Many many times I try to by 50 shares and it re-configures for 5000 (just an example) and then I get an insufficient funds error. I also like the instant deposit on Robinhood. By the stock today, start the withdrawal today, funds settle in 2-3 days.
If you're a new user to fidelity it's going to take longer to get funds settled in the beginning. Eventually you won't have to wait as long after they've taken data on your "trading patterns".
I had to wait almost 2 weeks to get my funds settled before I could make any stock purchases when I first opened an account on fidelity.
I think fidelity has a wide range of stock available. Way better than robinhood in that department. Robinhood looks a little nicer but it's not that much better.
This post was edited on 2/19/21 at 8:27 am
Posted on 2/19/21 at 8:33 am to Lucky_Stryke
No problem with fidelity from me. I can put a transfer into fidelity and within a minute turn around and buy with those funds. It takes a few days for the deposit to clear but I can trade with it instantly.
Posted on 2/19/21 at 8:34 am to Lucky_Stryke
frick that Robinhood shite
Posted on 2/19/21 at 9:25 am to Lucky_Stryke
I'm moving to fidelity to get away from robinhood. I need a more robust platform anyways
Posted on 2/19/21 at 9:52 am to supadave3
quote:
Downvote the hell out of me, but as a relatively rookie, I have been using Robinhood for a year. During last months shite storm, I opened a E*Trade account. I don’t like it.
I opened accounts with several after the robinhood fiasco. I didn't mind them pausing trading on GME, I could give a shite on that but them freezing a bunch of stocks that I had been buying for a few months really pissed me off. I went to buy another 500 shares of ZOM at .80 and they had limited it that day and the next day it was back up over 1.25 and now 2.50. It cost me about 1 to 2k on that trade alone. I went to buy a bunch of Doge at .02 and they wouldn't release the money I put in a week ago to buy it, within a week it jumped to 7 cents and cost me another couple grand. After that I was done with them and their bullshite.
I already had fidelity accounts with my Roth and mutual funds so I went with them. I just didn't like the Webull layout or the TD Ameritrade layout. I figured I would just learn the Fidelity layout and be done with it. It is not nearly as user friendly but once you set up some watch lists and get some money flowing through it is fairly simple to move stuff around and buy when you want.
Posted on 2/19/21 at 10:50 am to tiggerthetooth
quote:
If you're a new user to fidelity it's going to take longer to get funds settled in the beginning
This is true. I have a 401k and Roth with Fidelity. Opened a brokerage account and sent funds from my bank and was trading in 5 mins.
Posted on 2/19/21 at 11:00 am to Lucky_Stryke
Just be patient. Fidelity is overloaded right now with a lot of new accounts. They’re still by far the best trading platform IMO
Posted on 2/19/21 at 11:54 am to Ping Pong
I like Schwab. Get an AMEX Schwab Platinum card and transfer points to your account for cash. It’s a good deal. Earn a return on your points this way.
Posted on 2/19/21 at 12:50 pm to Ping Pong
quote:
Just be patient. Fidelity is overloaded right now with a lot of new accounts.
They also have a significant back office presence in Dallas that I’m sure has been affected by the weather.
Posted on 2/19/21 at 1:52 pm to Lucky_Stryke
I bank with wells and you can also have a brokage account with them . No delays in transferring money from savings or checking into brokage account. Always have money available if i want to buy something right away.
This post was edited on 2/19/21 at 1:55 pm
Posted on 2/19/21 at 4:21 pm to Lucky_Stryke
quote:
Honestly Robinhood is the best laid out user friendly ive used but its Robinhood lol and cant buy otc. Is TD Ameritrade, Schwab, etc any better than fidelity?
Sorry that you had a bad experience with Fidelity. As for which of the others is “better”, that depends on what you do most often. The big advantage for active stock and options traders (especially those who do complex options trading) with Schwab is that since they bought TDA last year, you’ll soon have access to Think or Swim. From what my TDA account rep told me, Schwab is keeping ToS as is (to keep the pro and semi-pro traders - the main reason they bought TDA) and they’ll blend the standard TDA platform into the standard Schwab platform. Schwab has excellent cash management (better than TDA imo) and excellent customer service.
If you’re mainly doing standard vanilla (or even fractional) stock trades, I don’t think that any of the user interfaces require any kind of steep learning curve. ToS has a learning curve because there’s SO much in it. But for the average buy or sell, I think they’re all about the same. Personally, I’d go with Schwab/TDA because of customer service and banking services. I’m still considering a switch to Dough Trading, but for reasons that wouldn’t affect most people.
GL
Posted on 2/19/21 at 7:20 pm to Lucky_Stryke
Dude Fidelity is legit. I prefer them over other brokers I’ve used in the past including E*TRADE, TDAmeritrade, Chase you invest, etc.
Posted on 2/19/21 at 7:33 pm to tigersfan1989
quote:
No problem with fidelity from me. I can put a transfer into fidelity and within a minute turn around and buy with those funds. It takes a few days for the deposit to clear but I can trade with it instantly.
Same for me. The funds are available instantly to trade when I transfer from my bank account, even if it takes a few days to actually settle.
I will say I don’t particularly like Fidelity’s user interface, and their mobile app is garbage. If you’re looking to actively trade, ToS looks amazing from what I’ve seen. Fidelity’s platform is really built for buy-and-hold investors. It’s just not very efficient for making fast moves. Fidelity does have a trading platform (Active Trader Pro) but I don’t know a lot about it - from what I understand there’s no web interface, so you have to install the software. Doesn’t do me a lot of good since I’m usually at work when the market is open.
I don’t really trade actively though, so I just deal with Fidelity’s lackluster UI. It’s worth it for me to have multiple 401k’s, my ESPP, amd my retail account all with the same brokerage.
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