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by dongeeL , Jul 06 '00
Pros: Inexpensive Trading Commissions
Cons: Poor Execution of Trades
After 8 years of investing in mutual funds, I finally got my hands on individual stocks via E-Trade. Since February 2000, I have made some money and lost some more. As I was making more than anticipated trades in a short period of time, I started to...
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by olee , Apr 14 '00
Pros: cheap (but you get what you pay for here)
Cons: lousy portfolio tracking, poor stock info, weak website
I tried Ameritrade and E*Trade while a friend of mine tried DLJ Direct and Suretrade so that we could compare the services. Granted Ameritrade is a little bit cheaper than the other services, but this does come at a price. There are a number of...
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by jkerouac , Dec 29 '99
Pros: Fast reliable service
Cons: Chance of internet breakdown
I ask because most companies seem to believe that. Many people I know have opened accounts with more than one firm and decided which they thought was better. I took a tour of Ameritrade recently and noticed there was a seemingly large transfer...
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by bkenreich , Dec 29 '99
Pros: Low initial deposits, low rates
Cons: slow to the point of being unavailable
Summary:
Low rates and easy to use screens. Reasonable initial deposits. TOO SLOW. If you like to trade during the day, you won't like Ameritrade.
I HAD an Ameritrade account for several months. I had selected Ameritrade for it's low...
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by jessicaramer , Feb 22 '00
Pros: Good price
Cons: Trading policies not always obvious
Best aspects: the price is right.
Worst aspects: there may be restrictions on trading that are not obvious from reading the on-line information.
If you are going to use this, or any other e-broker, do your research first. For...
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by eholmes1 , Apr 04 '01
Pros: cheap trades
Cons: not possible to fund account online, never received email confirmation stock had been bought
I recently opened an account on Ameritrade because the rates seemed quite cheap, and I'd heard it was a user-friendly site. Wrong!
Okay, so it *is* cheap... but I'm starting to wonder if you don't get what you pay for! I was able to fund...
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by steeler4 , Jan 27 '00
Pros: Cheap commissions, fast trades
Cons: no online otc trading
I opened an account with Ameritrade about 2 years ago. I was extremely excited about trading online and saving a truckload of money that I had been paying the previous years with my old broker. The commission fees are so low it's almost embarrassing....
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by mcglk , Dec 17 '99
Pros: Cheap, mostly.
Cons: Doesn't improve much with time, tends to be slow, and you have to really pay attention to accuracy issues.
Ameritrade has been around for a few years now, and after three years of using their service, I've gradually developed a few opinions about their quality of service.
First, the good things:
* Their phone support is generally...
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by Robert_Nathan , Jan 17 '00
Pros: very fast, cheap
Cons: unreliable, covered call problem
Ameritrade is far and away the fastest brokerage I have ever used. (I have used E*trade and Waterhouse.) Their website is fast, nicely laid out, and simple to use. Response times on the phone are fast and I have never been misdirected when calling. The...
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by glocraft , Apr 02 '00
Pros: Cheaper
Cons: Poor execution of new acct transfer
I transferred money from Schwab to Ameritrade to take advantage of the lower fees, but it has been, and still is, a total disaster and waste of time. DON'T MAKE THE SAME MISTAKE!
I opened my IRA and Cash acct on-line 1 month ago and sent in...
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by enwyse , Feb 04 '00
Pros: Good Service
Cons: LIMITS cost more, not all stocks available
I have been a stock trader for 10 years. I've been trying to find a company that would get me a low commision price and I thought Ameritrade was it. I was half-right. Ameritrade has great service at a great price, but there are limits you dont know of....
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by damino , Mar 21 '00
Pros: flexible if it works
Cons: horrible customer service
I was very displeased when I set up an Ameritrade account. I have my own broker and thought Ameritrade would give me more freedom and flexibility. I joined during a special promotion that would give me free transactions for 30 days. I had to wait for...
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by secondmidnite , Jan 28 '01
Pros: Easy to sign-up, especially w/ special offers
Cons: Can't make more money
I always grew up thinking that the stock market was for this old rich white guys with white khaki shorts and sweaters around their necks. They're named "Buffy", and "Ted". They play tennis all the time. And when they want to play with their stocks,...
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by te2001 , Apr 09 '00
Pros: $8.00 per trade; wireless trading
Cons: Limited options
I was first attracted to Ameritrade for its low trading cost. At $8.00 per trade for under 5000 thousand shares, Ameritrade is still one of the most cost effective brokerage out there. However, the limit trade is $5.00 extra, which means the total cost...
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by flindingo , Nov 29 '99
Pros: Fast, Cheap, Reliable, easy navigation
Cons: basic stock knowledge recommended
Ameritrade is great, if you know your way around the market. At 8 bucks a trade you can not go wrong, and $13 for a Limit order! (specifies the buy or sell price) After leaving Schwab in an uproar (read review on Schwab for details), and paying $30.00...
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