Etrade vs. Ameritrade: Who is better?

[manlymatt83]

Which one do you like/use, and why?

 

[dr150]

Ameritrade has much better customer service.

If you're a sophisticated power trade then Etrade....but how many of those are around???

 

[manlymatt83]

bump

 

[veggz]

I always used to use Etrade, though I can't really say why since I haven't had much experience with Ameritrade. Etrade was nice though.

 

[manlymatt83]

See, right now, I have two checking accounts, two paypal accounts, and three brokerage accounts

Trying to get it knocked down to 1 checking, 1 paypal, and 1 brokerage

Right now I have stuff at Etrade, and Sharebuilder, and I have an empty account at TD Ameritrade.

 

[PELarson]

Originally posted by: mjuszczak
Which one do you like/use, and why?

Sharebuilder. $4 or less for psuedo-DRIP purchases.

<a target=_blank class=ftalternatingbarlinklarge href="https://www.sharebuilder.com/sharebuilder/products/article_PSSTR002.aspx">https://www.sharebuilder.com/sharebuilder/products/article_PSSTR002.aspx</a>

Deposit all yoiu want and then ever once in awhile buy as much stock as you can.

 

[conehead433]

Scottrade is better than either.

 

[Dacalo]

I have used Scottrade, Ameritrade (current), and Scottrade. Out of all three, I liked Etrade the most. Their online trading platform is just awesome. Not to mention quick funding option.

They just offer more options than any other brokerage, and their $9.99 price is reasonable.

 

[AZGamer]

Etrade.

 

[simms]

Interactive Brokers.

 

[her209]

Yeah but does E-Trade have maintenance fees on an account that isn't very active?

 

[everman]

Interactive Brokers seems popular, low cost but I'm no sure about their execution.

 

[TechBoyJK]

scottrade FTW. I've met Roger Riney.

 

[DukeN]

Out of the limited brokerages available in Canada, definitely eTrade. Ameritrade sold out to one of the big banks and now gouges on trade pricing.

 

[drnickriviera]

Originally posted by: everman
Interactive Brokers seems popular, low cost but I'm no sure about their execution.

Remember you are charged $10/mo at IB, but their executions are excellent. Blows away Scottrade

 

[Miramonti]

Originally posted by: everman
Interactive Brokers seems popular, low cost but I'm no sure about their execution.

Best in the industry.

 

[Schfifty Five]

FIDELITY.

 

[MaDDinGO]

If u had to pick between Etrade and Ameritrade, def Ameritrade. Lot less fees and miniums to maintain. But I agree with others, Scottrade FTW

 

[manlymatt83]

I didn't like scottrade too much... my decision is defintiely between etrade and ameritrade. The latter is $3 cheaper per transaction...

 

[SVT Cobra]

I use TD Ameritrade. Haven't used Etrade.

 

[manlymatt83]

How do you like ameritrade? I use Etrade for now. Do you like Ameritrade's $9.99 trades? Do they have extra fees?

 

[Azurik]

Ameritrade is good, but ever since the merger with TD they are charging $50 for mutual fund transactions!

 

[andylawcc]

I moved from etrade to Ameritrade 3 years ago due to higher transaction fee (19/trade) and account minimum.

but I love Etrade's intuitive user interface, and funding is instant! (no wait from bank's checking account to Etrade's acct).

I haven't touch my ameritrade recently so I don't know have they improved in this manner. Also, I heard Etrade is now 9.99 per trade.

 

[vi edit]

FWIW, I worked for Ameritrade for a year and even though I *could* move my accounts elsewhere, I choose not to. The trade executions are very quick and they have some of the best customer support access in the business. There are not many discount brokers out there that charge a $9.99 commission and still provide fairly quick 24/7 customer service.

I was with them during the TD merger and while some costs did go up(broker assisted trades & mutual funds) overall it was a major savings to clients. Normal equity trades went down and for the real little guys, no more quarterly maintenance fees.

I do enough trading to qualify for Apex and the advanced analyer and added services are nice (free overnight check delivery, front of the line customer support, free wires, ect).

My only complaint with them is that their DRIP program(dividend reinvestment) stinks. Firsttrade has an awesome system for that.

 

[Azurik]

Originally posted by: vi_edit
FWIW, I worked for Ameritrade for a year and even though I *could* move my accounts elsewhere, I choose not to. The trade executions are very quick and they have some of the best customer support access in the business. There are not many discount brokers out there that charge a $9.99 commission and still provide fairly quick 24/7 customer service.

I was with them during the TD merger and while some costs did go up(broker assisted trades & mutual funds) overall it was a major savings to clients. Normal equity trades went down and for the real little guys, no more quarterly maintenance fees.

I do enough trading to qualify for Apex and the advanced analyer and added services are nice (free overnight check delivery, front of the line customer support, free wires, ect).

My only complaint with them is that their DRIP program(dividend reinvestment) stinks. Firsttrade has an awesome system for that.

Mutual fund buying/selling is a big thing though. I mean, it will cost $100 to trade in and out of ONE fund. Other than that, I'm satisfied, but that mutual fund commission is just ridiculous.