ecommerceman, I've read so many complaints about etrade on these threads. Bad fills, lost orders, fake IPO access, downtime during crucial periods, no one to talk to when something goes wrong, super high commissions for foreign issues, etc.
And I've come to the conclusion that what they offer is cheap commissions and really not much else. Ameritrade's commissions are even cheaper though. The big money accounts probably won't be tempted to abandon their relationships with the biggies such as Goldman Sachs, Merrill, Prudential.
So, we have differing opinions. I like to look at it as a tortoise/hare scenario vis a vis Merrill, with etrade of course being the hare! |
