ETRADE Sucks! Message Board

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Pastimes : ETRADE Sucks!

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To: AlienTech who wrote (2394)	5/10/1999 4:22:00 PM
From: R. Bond	Read Replies (2) of 3262

Here's a good one: E*T Customer Service. After buying a marginable stock today and having it deducted from the Cash side of my account, I called Customer Service to have it corrected. The rep ended up arguing with me while trying to explain how margin works: if you have cash in your account all buys will be deducted from your Cash balance, even marginable stocks. Margin only "kicks in" when you have no cash left. This was 'explained' complete with little sighs and laughs at my stupidity for not knowing "how margin works". Thank god I managed to get transferred to a broker. No margin buying power until you are out of money. Veerrry good. Must be some rigorous training for those Customer Service reps, eh? Unbelievable, Bond

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