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


To: Diamond Jim who wrote (308)10/6/1998 12:27:00 PM
From: Lauren  Read Replies (2) | Respond to of 513
 
To:all
I have been trying to transfer an Ira account from Ameritrade to Web Street for almost 2 weeks, sending numerous faxes, overnight mail, and mny phone calls. My advice to anyone chnging firms, is to get a name, send mail return reciept requested. Insist that 1 person be
responsible for your transfer. Good luck, I hve been through an
amazingly horrible experience. They are on a par with IRS in courtesy, efficiency, and weaseling.
lauren




To: Diamond Jim who wrote (308)10/6/1998 12:33:00 PM
From: T-Lo Greens  Respond to of 513
 
James, IMHO Datek is much better on order execution than AMTD. Although web orders cost $9.99 for Datek as opposed to $8 for AMTD market orders and $13 limits, I'd prefer the better prices I get for my executions, and the faster response time. Also Datek does an up-to-minute calculation of your portfolio and current investing power, as opposed to AMTD who waits until the next morning. For someone who relies on margins to make fast trades, I prefer to know exactly how much I can utilize.

Only drawback to Datek is they don't trade options or allow short selling.

Best regards
Tony