Quote (ofthevoid @ 4 Aug 2020 22:31)
Finally dumping RH m8s.
Piss poor customer service and it’s time I graduate from bush league brokerage accounts.
The assholes locked me from buying anything for pattern day trading.
The rule is you have to have over 25k in cash or equity to day trade, which I did at the time of the trades and still do so. Still got locked out not sure why.
Probably moving to TD. I’ve been using thinkorswim for charting for years now and it’s actually a decent news aggregator.
Anyone have any issues with TD?
I’ve heard good things about IBKR as well. Anyone knows what’s the fee structure for them for stocks, etfs, fx trading, & options?
rh is awful for stuff like that if youre dealing in large enough trade amounts. part of the drawback of “bigboy online brokers” is the fees but at the amounts youre talking its negligible
it sucked when i first started investing cuz you have to eat $16 each time you “complete” the buy and sell process ($8 per transaction). so you could +20% on a $500 investment for example but your $100 gain gets wacked down $8 when you realize the gain and you paid $8 fee to buy the investment. now if you make +20% on a $5k investment who care then.
i have td because they bought scottrade. no complaints since the transition over its pretty good, normal solid online brokerage with plenty of tools and stuff. but as i’ve mentioned frequently here other than crypto im now a very boring buy-and-hold retail equities investor so i dont know how it is for options or much more active trading
This post was edited by excellence on Aug 4 2020 09:22pm