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TradeDirect.com / Unauthorized charges

United States Review updated:
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On 09-01-08 I entrusted Trade Direct with my portfolio of stocks, worth $153, 0921 with assurance that all trades would be entered with 'stop loss' provisions of 5%. Today, less than two months later, this same portfolio is worth less than $15, 000; they failed to use the 'stop loss' provision and wiped out my entire portfolio of stocks.

This performance represents reckless handling of a stock portfolio, and although the portfolio was driven into the ground by Trade Direct, they took out their usual fees along the way.


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  2nd of Dec, 2008
Agree Disagree 0 Votes
this guy is taken everyone for the money then never paying the money and i would like to know what to do
  10th of Mar, 2010
Agree Disagree 0 Votes
i-TRADEdirect manged my IRA from $10, 000 down to $4, 600 in three years. The account was opened with the understanding that there would be NO maintenance or custodial fees for the IRA. They transferred the account to Principal Trust Company who charged me a $150/year fee then i-TRADEdirect began charging $100.00 for "Net Other opBookkeeping". This eration is a scam.

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