United States - 68154
BUYER BEWARE AS YOU GET WHAT YOU PAY FOR!!!
Stay away from Sctottrade as their computer/technology can tremendously offset their cheap $7 trades(you do get what you pay for).
I made a trade end of day that Scottrade lied and told me was made after the market closed and was sold for a $1000+ loss! It is bad enough for Scottrade's latency to cost you $1000+ but to have their Comppliance Dept either outright lie and say you made the trade after hours or for them to be misled by their obvious lack of technological investment is unacceptable. When I make a $30, 000 trade...I DO BELIEVE I KNOW WHEN THE TRADE WAS ENTERED!!!
Stay away from Scottrade or you will lose ALOT more than the meager savings due to those $7 trades.
It was several years ago now that TD Ameritrade stole $1200 from me. They did it legally (technically). I had...
there seems to be money missing from my account at Scottrade. this may have happened more than once in the past year. when i brought this to their attention, so maybe we could try to figure out what had occurred, they essentially informed me that this was impossible. when i persisted, they informed me that my account would be closed, not allowing me to trade, essentially freezing the account. the reason " they could not provide the level of service i needed". thanks Scottrade.
On 1/16/09 TDA confirmed in writing multiple times that I shorted UDR at $25/share and assigned it Transaction # XXXXXXXXXXX and CUSIP #XXXXXXXXX. $19, 979.89 was credited to my account.
On 3/17 at 09:39:01 I bought 800 shares of UDR at $7.40 to cover my position. Transaction #XXXXXXXXXXX and the same CUSIP Number proved that these were the same shares I had shorted. $5, 929.95 was deducted from my account. TDA provided multiple confirmations that my cover of the short was executed.
On 3/28, two months after the exercise of the option, I was told by a TDA manager that these profitable trades were going to be reversed.
The President's office has repeatedly denied my requests for the money to be replaced in my account.
I have reported them to the Better Business Bureau and on their recommendation to the SEC and the Maryland Attorney General who are investigating the case.
TD Ameritrade charges EXTRA fess on sell trades! THEY ADVERTISE " STRIGHT FORWARD PRICING $9.99 PER TRADE, NO HIDDEN FEES!" These guys hide these fees, the only place you can find them is to go into reports, pull up your cost basis for any sale trade and you will see this charges in the far right hand column, the column header even states "FEE" CAN YOU SAY DECEPTIVE ADVERTISING!
This brokerage actually took from my account twice the amount that was due after a short trade dividend...
I have had an $8, 000 plus credit from trading show up as a debit. I had to argue for 1.5 hrs with managing broker before he contacted the tech department. Uncovered the mistake... and apologized.
Today, I am selling and all my stocks are up significantly (5 -27%) and the account shows almost no gains.
The first is bad enough. Please email [protected]@gmail.com if you have similar problems. I want to show cause for some forensic accounting via discovery.
I opened a individual cash account with TD Ameritrade on September 5th, 2008. I agreed to have TD Ameritrade...