Robinhood denied my transfer… They won’t transfer an account individually in my name to a “Joint With Rights Of Survivorship” (joint spousal) account that has my name on it. Fidelity wouldn’t accept the transfer anyway because my options application is still pending (“it should be done in a day or two”) and the only thing I currently have at Robinhood is options… Fidelity could have given me an electronic notification that the transfer was denied and the reason, instead they snail-mailed me a letter saying the transfer was “delayed” and I need to call them and sit on hold for 40 minutes for the third time to try to talk to someone to find out something they could have secure-messaged to me ten days ago… I have margin turned off at Robinhood to expedite the transfer so was unable to open the short leg of a long-call spread last Tuesday which would have netted me about $900 on Wednesday. Neat.
-FOMOing in is how the masses loose their asses.
-"forget bitcoin, focus on your balls......." -Stefk
-Misinformation: noun, information that is true and correct and might lead people towards freedom and autonomy instead of tyranny and slavery.
Eric wrote: ↑Tue Feb 16, 2021 6:16 pm
Robinhood denied my transfer… They won’t transfer an account individually in my name to a “Joint With Rights Of Survivorship” (joint spousal) account that has my name on it. Fidelity wouldn’t accept the transfer anyway because my options application is still pending (“it should be done in a day or two”) and the only thing I currently have at Robinhood is options… Fidelity could have given me an electronic notification that the transfer was denied and the reason, instead they snail-mailed me a letter saying the transfer was “delayed” and I need to call them and sit on hold for 40 minutes for the third time to try to talk to someone to find out something they could have secure-messaged to me ten days ago… I have margin turned off at Robinhood to expedite the transfer so was unable to open the short leg of a long-call spread last Tuesday which would have netted me about $900 on Wednesday. Neat.
I have opened a brokerage account with Fidelity for two weeks now, and I am also not happy with their service for not showing any notification of the status of my options trading application. Their user interface needs more work on, especially their watch list and alert system. Already feel like leaving this platform.
Try TD Ameritrade or Schwab, though schwab owns TD, the platforms are different but in general they are both decent and Schwab tries to go the extra mile in general. It's amazing with all this tech out there and all the money these firms have, they continue to treat their customers like second class citizens. I won't feel sorry when Vanguard, Fidelity, and a host of other brokerages bite the dust.
When the words short term appear under any post; the same conditions listed in the Market update under the short term category apply
The end is always near; its the beginning and how you live each moment that counts the most
SOL wrote: ↑Wed Feb 17, 2021 1:22 am
@Eric and Ultramartin
Try TD Ameritrade or Schwab, though schwab owns TD, the platforms are different but in general they are both decent and Schwab tries to go the extrra mile in general. It's amazing with all this tech out there and all the money these firms have, they continue to treat their customers like second class citizens. I won't feel sorry when Vanguard, Fidelity, and a host of other brokerages bite the dust.
I quite like the Fidelity UI but I'm beginning to think their customer service might be worse than Robinhood (I didn't think that was even possible). I really dislike the TDAmeritrade UI. Schwab doesn't have my favorite trailing-stop-limit order type... I was really looking forward to having everything consolidated under one umbrella (our HSA was just transferred to Fidelity in January).
-FOMOing in is how the masses loose their asses.
-"forget bitcoin, focus on your balls......." -Stefk
-Misinformation: noun, information that is true and correct and might lead people towards freedom and autonomy instead of tyranny and slavery.
Eric wrote: ↑Wed Feb 17, 2021 1:41 am
I was really looking forward to having everything consolidated under one umbrella (our HSA was just transferred to Fidelity in January).
I don't think that's a good idea, much like having all money in just one bank.
Any broker will let you down sooner or later, hopefully not in a catastrophic way, but if that comes to pass, better not have all eggs in one basket.
seasjay wrote: ↑Wed Feb 17, 2021 12:20 pm
I've been using TD Ameritrade for years. If you like technical data there is nothing better than their Think or Swim app.
CJ
Indeed, however they’re paid platforms for the short term traders that offer more robust services, such as das trader pro and Sierra charting however it’s pretty ridiculous for the monthly prices, it’s more for the big players
As time goes on, this mainstream brokers will likely get creamed by a more efficient AI broker that breaks down everything in detail, automatic TA and robust customer service
These mainstream brokers almost always break down when markets tumble which is absolutely unacceptable
SOL wrote: ↑Wed Feb 17, 2021 1:22 am
@Eric and Ultramartin
Try TD Ameritrade or Schwab, though schwab owns TD, the platforms are different but in general they are both decent and Schwab tries to go the extra mile in general. It's amazing with all this tech out there and all the money these firms have, they continue to treat their customers like second class citizens. I won't feel sorry when Vanguard, Fidelity, and a host of other brokerages bite the dust.
FYI, I just tried again, TD Ameritrade still bans opening some option transactions on GME, BB...which is why Eric is moving off Robinhood...
NoLimit201 wrote: ↑Wed Feb 17, 2021 1:48 pm
FYI, I just tried again, TD Ameritrade still bans opening some option transactions on GME, BB...which is why Eric is moving off Robinhood...
Exactly why I also want to move away from Robinhood.
Has anyone tried Tastytrade? I know they focus on Options trading but does it allow you to trade stock as well?
NoLimit201 wrote: ↑Wed Feb 17, 2021 1:48 pm
FYI, I just tried again, TD Ameritrade still bans opening some option transactions on GME, BB...which is why Eric is moving off Robinhood...
It's not specifically because of GME/BB, it's because of the repeated FiretrUCKERY starting months before GME madness. Robinhood has many times blocked trading during "volatility" and I'm not entirely sure they're going to survive as a brokerage.
I like the Fidelity platform; it's where my IRA is, it's where I have logged the most trades, it's one of only 2 brokers that offers "trailing-stop-limit" orders (the other being Interactive Brokers). Since my IRA is there, that's where I opened up a UTMA account for my kid, then my wife's work just moved her HSA account there in January... If Fidelity is going to treat me like a third-class non-human, maybe I need to read reviews on IBKR (because they offer my favorite order type) and Schwab (because SOL says they're good and he has a pretty good track record of recommendations).
-FOMOing in is how the masses loose their asses.
-"forget bitcoin, focus on your balls......." -Stefk
-Misinformation: noun, information that is true and correct and might lead people towards freedom and autonomy instead of tyranny and slavery.
ndeed, however they’re paid platforms for the short term traders that offer more robust services, such as das trader pro and Sierra charting however it’s pretty ridiculous for the monthly prices, it’s more for the big players
As time goes on, this mainstream brokers will likely get creamed by a more efficient AI broker that breaks down everything in detail, automatic TA and robust customer service
These mainstream brokers almost always break down when markets tumble which is absolutely unacceptable
I'm not sure what you mean about it being a paid platform. Think or Swim doesn't cost anything. I have never paid to use it. You just need a TD Ameritrade account
ndeed, however they’re paid platforms for the short term traders that offer more robust services, such as das trader pro and Sierra charting however it’s pretty ridiculous for the monthly prices, it’s more for the big players
As time goes on, this mainstream brokers will likely get creamed by a more efficient AI broker that breaks down everything in detail, automatic TA and robust customer service
These mainstream brokers almost always break down when markets tumble which is absolutely unacceptable
I'm not sure what you mean about it being a paid platform. Think or Swim doesn't cost anything. I have never paid to use it. You just need a TD Ameritrade account
CJ
There are paid platforms that are robust, don’t sell your money flows to citadel and doesn’t go down when the markets tumble
