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Resolved
eTradeETrade = thieves & crooks

ETrade is the worst trading company you can pick. Horrible customer service, outright theft of customers money, and a complete lack of professionalism in financial management & trading practices. Whatever you do - stay away from ETrade!!!

Responses

  • Bu
    bubbaray Mar 05, 2014

    e-trade prays upon small no-ones like us. Obviously they set up a default system to favor their pockets.
    Never knew what Marginal account is, but know now, Basically, you buy stocks with your money, then when stocks begin to go up, it looks like you made money, but you didn't, its an amount they put in there for you to borrow. So purchase more stocks and you just borrowed money with high interest from a loan shark.
    I found this out the hard way after buying Ford stock at 1.72 then its climbed to $15+, But when I went to cash out, these ### said I owe them money !! What !!
    They also have you set as default to re-invest your paid dividends instead of putting it in your account so you can withdraw.
    You have no say in what you buy that stock for, so basically they buy it high and you loose again. I challenge anyone to try to find where these selectable options are that you have no knowledge of. This is blatant deceptive practices and I say to everyone to write the SEC, and your attorney generals office. This shakedown can not be permitted!

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