Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Ameritrade -- Ignore unavailable to you. Want to Upgrade?

To: Bert Klimer who wrote (125)	4/23/1998 6:10:00 PM
From: Sowbug	Read Replies (1) \| Respond to of 513

AMTD is taking a loss of around 2 dollars per transaction. Has anyone else heard the same? Dunno about that, but here's a trade that cost them quite a bit more. I complained to the thread a few days ago about the abysmal execution of my MARG trade <https://www.siliconinvestor.com/readmsg.aspx?msgid=4147836>. I also complained to Ameritrade. Today they called back. They admit they screwed up the trade and gave me a buy at $18 3/4 (down from $25 3/4) and a sell of $27 (which it turned out had happened anyway). That's an additional $1,300 for me. I would have preferred a quick execution and confirmation in the first place, but Ameritrade should be commended for coming through this time and righting a wrong. Datek with its incredible Island system still will get my day trades, but after this I'll gradually try reacquainting myself with Ameritrade.

To: Bert Klimer who wrote (125)	4/23/1998 7:38:00 PM
From: silInv	Respond to of 513

The problem is the phone does not work either. You have to wait before you can talk to a live person. Sometimes, it takes several minutes. I have wait at least 5 minutes on one occasion and hung up after getting no response. I do have other accounts somewhere which did not offer internet trading until recently. I have asked one of them to offer it but wait for too long. Recently, I found out why. They are more reliable and get faster response. I get confirmation once the trade is done. Compared to what I experienced this morning (I got confirmation by checking the order status after market close and never get confirmation which I have requested through email), I am willing to pay a few more dollars for each trade. Actually, I am paying less with another broker but just tied up most of my money with Ameritrade right now. BL