ETRADE Sucks! Message Board

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Pastimes : ETRADE Sucks!

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To: jim A who wrote (814)	11/5/1997 12:22:00 PM
From: Andrew Hunter	Read Replies (1) of 3262

I use Etrade and Datek, I began with Etrade because I had heard about it, and it sounded good. That was 8 months ago. I got my Datek account two months ago. There is no comparison, Datek is the way to go. Etrade has more frills, but nothing that you can't get on the net somewhere else for free. Meanwhile Datek has the only frills that matter -- real time quotes and instant account balance adjustments. Etrade only offers you delayed quotes and they update your balance every morning. Datek trades are cheaper, get executed faster, and can almost always get you prices between the spread. Etrade makes you wait sometimes hours for an execution, making it very difficult to trade positions quickly (as you can't be sure you have them!). Etrade is inaccessible several times a week during trading hours. Datek has many different servers you can use; if you can't get into one, try another. I'm in the process of transferring my money over to Datek bit by bit, but unfortunately most of it is still with Etrade. I would never try to convince you to use Etrade. It is possibly the worst online brokerage. The only reason to use Etrade over Datek: Etrade allows you to trade BB and OTC stocks.

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