|Particia I have recieved a lot of strange and in my opinion unfair fees and policies from E*trade in the last 6 month ... the one a friend of mine got hit with yesterday was the most unfair practice I have ever seen in all my years of trading.|
I HAVE HAD ENOUGH AND WILL BE TRANSFERING ALL MY POSITIONS OUT OF E*TRADE TO PUT A STOP TO THE FRUSTRATION AND CONFUSION THIS BROKERAGE HAS CAUSE AND WILL CONTINUE TO CAUSE THE SMALL CASH ACCOUNT INVESTORS.
After researching I found only two houses that are out to get everyone to open margin accounts so they can collect interest and other fees, Scotrade from my DD is the best so that is where I am going. I only have and want cash accounts and not margins with all the addition fees.
Unbelieveable what I discovered yesterday. But Scottrade is doing the cash account right and with cheaper cost of trades.
execution will probably or had to be better than e*trade and all their ridiculous excuses and I hate their partial fills of chump change to get more commisssions out of GTC trades.
anyway this is what I am doing and right now several others were not aware of this new "have to wait 3 days for a sell to clear before you can use the cash in your account."\
The link is what happen and how I got lucky and found out about it. I am very upset with this new policy because they can;t even read the regulations proper but want to make all possible advantages to get more of your hard earned money. Just tried of the excuses of E*trade on why the little guy is always getting nailed.