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Ameritrade

Ameritrade
Overall Rating: Product Rating: 3.5
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High cost broker if you keep cash balances or borrow money

Written: Jan 19 '07

Product Rating: Product Rating: 1.0
Customer Service:  
Web Site Experience:  
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Pros: Average commissions, quick to pick up the phone.

Cons: Sub 1% rates on cash balances, double digit margin rates.
zhangyide's Full Review: Ameritrade
As CashewAndFilbert commented below, Ameritrade has average commissions and personnel who answer the phone quickly. The problem is that it pays less than 1% on cash balances, and charges a maximum margin rate of 11%. I can get better cash balance rates superior to Ameritrade's at my local bank. Some of my credit cards have lower rates than Ameritrade's margin rates.

Recommended:
No

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zhangyide
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