Comments on: TD Ameritrade Still Sucks Update

By: GiveItaRest

GiveItaRest — Thu, 23 Jul 2009 03:19:50 +0000

Rob, you are in the money with that comment as with a full service brokerage you wouldn’t have to worry as long as your broker was in the office rather than hitting the links on your dime! Or maybe he has already churned your account 4 times over without you even knowing and has disappeared to Mexico.

Self service brokerage houses are an incredible value to traders (not investors) because of the reduction in commission costs alone. If you are new to the game or trying to get your feet wet; the self service brokerage is not there to hold your hand and explain every new term you have heard on CNBC. I find it funny to listen to people bitch about their brokerage on the forums as every forum is the same no matter what company… technology issues. Maybe you would like to know what the SEC says about brokerage technology issues; NOTHING! This would be the reason that all brokerages have several different methods of trading (phone, internet, broker). And because the technology is experiencing difficulties you can most certainly bet that there would be a wait time to reach a live person as these companies are not reactionary in terms of staffing to an outage.

Bottom Line — You are not the only one that has money on the line in the market and nor will you ever be treated like you are Warren Buffett; remember you are trading at a discount or self-service brokerage. If you want to take control of your finances and maximize your returns, educate yourself first then call the 1-800 numbers. Oh and here’s a hot tip: keep your trade records and statements for tax time rather than relying on your broker in March & April – Maybe that would eliviate some of the wait time for people to actually conduct some business.

Some of you talking about trading platforms may want to check out Think or Swim voted best trading platform in the industry by Barron’s for the last couple of years.

By: Rob

Rob — Sun, 22 Mar 2009 21:24:12 +0000

Hey herb,

It’s funny you guys bitch about the online brokers…..you get what you pay for.

At a full-service firm, you wouldn’t have had that problem.

By: Rob

Rob — Sun, 22 Mar 2009 21:21:52 +0000

Hey herb,

That’s what stop orders are for. If you set a stop order and the market swings against you, you don’t need to call or place a trade to a broker.

If you are going to do it yourself with online shops, you should at least learn how to trade first.

I don’t feel sorry for you at all. Dumbass.

By: Herb Long

Herb Long — Sat, 27 Sep 2008 14:23:59 +0000

I lost money on 9/19 because I could not get to TD online nore on the phone. Their attitude was they just apologized but I am out over $5K. Get out of TD if you want to keep your money. Don’t rely on them when the market is really moving as they can’t handle their clients’ transactions. I felt like they were back in the 80s when things were done by hand! It would probably been faster then!

By: Marketman54

Marketman54 — Sun, 21 Sep 2008 18:39:27 +0000

DANGER!!! TD AMERITRADE WEB SITE CRASHED AT 3pm on 9/18/08 right after the announcement of the Resolution Trust by the government. I tried to trade on line and then tried to call a broker and neither were available. I could not sell out of my positions until the next day because of this and lost $55,000.

They were not willing to make my loses whole.

TAKE ALL OF YOUR MONEY OUT OF TD AMERITRADE AND USE A REAL BROKERAGE HOUSE SO YOU DO NOT LOSE YOUR MONEY

By: Noel Benoist

Noel Benoist — Wed, 19 Sep 2007 04:45:51 +0000

If anyone comes accross a class action or an attorney willing t file one I hope they contact me. i saved records and notes related to problems and losses.
Noel

By: MoneyNing

MoneyNing — Tue, 18 Sep 2007 22:48:38 +0000

Noel: Hmm this is very serious since their system has all information about everyone’s account (and assets) plus all the passwords. I’m sure someone will file one so don’t worry!

By: Noel Benoist

Noel Benoist — Tue, 18 Sep 2007 17:36:00 +0000

that is “whole group”

By: Noel Benoist

Noel Benoist — Tue, 18 Sep 2007 17:34:09 +0000

I tried Ameritrade and then TD Waterhouse and the joint set up when they merged. I cannot tell you how bad I got shafted with promisses and renegs that cost me a bundle and every stock I chose performed to at least 400%. They made a bundle off my analisys and shafted me for a bundle.
All of a sudden I started getting thousands of junk emails and junk in the snail mail and I couldn’t figure out why. I got a letter from the CEO today claiming someone got into their system and took a bunch of information.
A class action needs to be set up against the who group!

Noel

By: MoneyNing

MoneyNing — Sun, 19 Aug 2007 20:00:09 +0000

Adventures: I never knew there were some mutual funds that TD Ameritrade will let you buy and sell for free! This is definitley worth checking out!