ETRADE or Ameritrade?
#16
Join Date: Aug 1999
Posts: 97
I agree with the others who are disappointed with ETRADE's service and fees.
I had an account with them and tried to transfer some shares of ONE stock i had to a different brokerage. This normally does not cost anything. Instead, they went ahead and transferred the WHOLE account over, including the $50 DEBT i "owed" them for closing my account!
After a bunch of calls, they finally said they'd repay me the $50 if i moved the shares back. Reluctantly i did, and I was refunded. So, i then sold the shares i had in the account. Unfortunately, they split one of my orders into TWO orders (one for 100 shares, another for 15 shares), which cost me TWO transaction fees. They refused to credit me for the extra transaction cost (who would have thought that etrade would actually do a SEPARATE transaction for 15 shares??).
Exhausted, i finally had a check made out to me for the remaining cash in my account (and was able to avoid another $50 fee).
Amazingly, i still get monthly statements sent to me (forwarded from my previous address that i had on file with them). Apparently, i received $0.01 of interest from the cash that was there for a few days.
ETRADE is just a bunch of thieves. Never again.
I had an account with them and tried to transfer some shares of ONE stock i had to a different brokerage. This normally does not cost anything. Instead, they went ahead and transferred the WHOLE account over, including the $50 DEBT i "owed" them for closing my account!
After a bunch of calls, they finally said they'd repay me the $50 if i moved the shares back. Reluctantly i did, and I was refunded. So, i then sold the shares i had in the account. Unfortunately, they split one of my orders into TWO orders (one for 100 shares, another for 15 shares), which cost me TWO transaction fees. They refused to credit me for the extra transaction cost (who would have thought that etrade would actually do a SEPARATE transaction for 15 shares??).
Exhausted, i finally had a check made out to me for the remaining cash in my account (and was able to avoid another $50 fee).
Amazingly, i still get monthly statements sent to me (forwarded from my previous address that i had on file with them). Apparently, i received $0.01 of interest from the cash that was there for a few days.
ETRADE is just a bunch of thieves. Never again.
#17
FlyerTalk Evangelist
Join Date: Feb 2000
Location: TPA
Programs: Hilton Gold, DL DIrt Medallion
Posts: 38,267
Scottrade, Scottrade, Scottrade. $7 market orders, and no hidden fees. Not to mention they have local offices everywhere if you want to see a broker face-to-face, or get a check out of your account.
#18
Original Member




Join Date: May 1998
Posts: 2,513
<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by pitsheel:
can someone post a place to get a $75 signup bonus for ameritrade?</font>
can someone post a place to get a $75 signup bonus for ameritrade?</font>
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The Personal Travel Experience of Gary Steiger - including how to get free frequent flyer miles on the web.
#20
FlyerTalk Evangelist


Join Date: May 2001
Location: MSY; 2-time FT Fantasy Football Champ, now in recovery.
Programs: AA lifetime GLD; UA Silver; Marriott LTTE; IHG Plat,
Posts: 14,814
<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by Darq:
Amazingly, i still get monthly statements sent to me (forwarded from my previous address that i had on file with them). Apparently, i received $0.01 of interest from the cash that was there for a few days.</font>
Amazingly, i still get monthly statements sent to me (forwarded from my previous address that i had on file with them). Apparently, i received $0.01 of interest from the cash that was there for a few days.</font>
#21
FlyerTalk Evangelist


Join Date: May 2001
Location: MSY; 2-time FT Fantasy Football Champ, now in recovery.
Programs: AA lifetime GLD; UA Silver; Marriott LTTE; IHG Plat,
Posts: 14,814
And while we're *****ing about brokerages, I got a note from Waterhouse today. As a result of the spinnoff from Citi, I have odd lots (less than 100 shares) of both Travelers A and Travelers B. Travelers is trying to cut costs from having lots of small holders, so they've issued a tender offer to buy up the odd lots from folks who have them but haven't sold because they don't want to pay commissions.
The problem - if I accept the offer, Waterhouse will charge me a $25 "reorganization" fee. That's more than the commission would be if I just sold myself! So what's the d*** point?
The problem - if I accept the offer, Waterhouse will charge me a $25 "reorganization" fee. That's more than the commission would be if I just sold myself! So what's the d*** point?
#22
Join Date: Nov 2001
Location: DFW
Posts: 1,387
<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by Darq:
Amazingly, i still get monthly statements sent to me (forwarded from my previous address that i had on file with them). Apparently, i received $0.01 of interest from the cash that was there for a few days.
</font>
Amazingly, i still get monthly statements sent to me (forwarded from my previous address that i had on file with them). Apparently, i received $0.01 of interest from the cash that was there for a few days.
</font>
[This message has been edited by singlemalt (edited 11-07-2002).]
#24
Original Poster
FlyerTalk Evangelist




Join Date: May 2002
Location: NC
Programs: AAConciergeKey/2MM, DL DM/2MM, UA Gold,Hilton Diamond,IHG Diamond, Hyatt Globalist,Marriott Titanium
Posts: 13,243
Any monetary incentives out there for signing up? or for referring people?
#25
Join Date: Jan 2005
Location: New York
Programs: AA Plat, CO Gold
Posts: 1,598
#26
Join Date: Jan 2004
Location: Cleveland, Ohio, USA
Posts: 296
Originally Posted by SkyTeam777
Hi all
I am thinking about opening an online account with one of these two websites. I would like to earn the maximum airline miles that I can (I know that also depends on how much I invest).
I am also wondering which one is easier, cheaper, better to use. Past experiences?
Thanks!
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Delta GM, United Premier, Hilton Gold, Starwood Gold
[This message has been edited by SkyTeam777 (edited 11-05-2002).]
I am thinking about opening an online account with one of these two websites. I would like to earn the maximum airline miles that I can (I know that also depends on how much I invest).
I am also wondering which one is easier, cheaper, better to use. Past experiences?
Thanks!
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Delta GM, United Premier, Hilton Gold, Starwood Gold
[This message has been edited by SkyTeam777 (edited 11-05-2002).]
What does etrade offer me to get airline miles? I believe the Delta and NW programs have expired. I don't think you can get hotel points either.


