TD Waterhouse has pissed me off 1 too many times with there fee schedule if you trade over 2500 shares. I just paid $330 for a $10,000 trade.
I need someone with a money card and check writing. Any thoughts would be appreciated.
>>> TD Waterhouse has pissed me off 1 too many times with there fee schedule if you trade over 2500 shares. I just paid $330 for a $10,000 trade. <<<
I had the same problem a while back.
I have all of my accounts at Ameritrade. Never had a problem with them. Good executions, cheap trades, good add-on services (check writing, money transfer, etc), 24/7 customer support, bond desk, etc.
Now I think I am going to move to Ameritrade and then just open a separate bank account for bill-payments. You can move money freely between their account and a bank, and the commissions don't escalate if you are buying a large number of shares. With Scottrade you could move money from your bank to Scottrade for free, but the otherway around cost $20 (for a wire transfer). At Etrade you run into the greater than 5000 share costs you 3% issue (just for listed shares).
Let me know if anyone has had a bad experience with Ameritrade.
I'm pissed at CS. I paid $1800 for a $210k, 48k share trade (almost 5x an index fund yearly fee for one trade). I'm moving to Scottrade. They have debit card and check writing, 7 buck market order, and 12 buck limit order. Won JD Powers customer satisfaction award. Friends have told me they are happy with them, too.
You can't put in multiple trades in 2,500 share lots? If they have a seat and/or make a market in the security, execution should not be affected, in my experience.
Can't give any specific guidance, though. Most of them excel and fail at one thing or another. Me? I just go dirt cheap.
This particular stock was a penny stock - it would have taken 400 trades.
I am really more upset in that I tried to call my local branch manager about it and he blew me off and wouldn't even speak with me. I have been a customer of theirs for 20 years and have a [relatively] large portfolio with them.