I'm setting up an online IRA, and am trying to find the lowest commission and annual IRA fee combination. More important is that the broker actually fill orders.Has anyone had a good experience with Ameritrade or Suretrade? They are cheaper that Datek, (primarily because they don't have Datek's $25 annual IRA fee,) but I'm concerned about their reputation and execution.Who do you all use??Brian
Greetings, Brian, and welcome.<<Has anyone had a good experience with Ameritrade or Suretrade? They are cheaper that Datek, (primarily because they don't have Datek's $25 annual IRA fee,) but I'm concerned about their reputation and execution.>>I have Ameritrade for my IRA and have no complaints. Statements are clean and trades execute smoothly.Regards....Pixy
I've been using Suretrade, it couldn't be easier. Fast, accurate, inexpensive, and free investment tools such as Zacks and Big Charts. I don't have an IRA with them so I don't know the fee.Just another...JackL
Although i don't doubt that some (many?) people are OK with suretrade, I think they have some problems they haven't worked out. I spent 2 months unsuccessfully trying to move an IRA from the Scudder funds to suretrade. I gave up and got it set up with Ameritrade in less than 3 weeks. there is a fair amount of bad news on the discount brokers board on Suretrade. I have accounts at Etrade, Ameritrade, and Trading direct. I vote for Ameritrade 1st , Etrade 2nd, trading direct 5th. A lot depends on what you want. I am influenced a lot by how much I like the web page, since I end up spending some time there.FWIWJoe Varga
I have been trying for one month to get an accountopen at Ameritrade. At least part of the problem is ofmy own making. Their application asks for both aphysical address, and a mailing address. I gave them both and guess what Murphy did with that. Give them only your mailing address, so Murphy cannot play.They respond promptly to email, but I could not saythey they take the action that the email says they will take. You need to get off to a clean start with them, I think. I have still not traded there, so I cannotcomment on that.
I would just like to put my $.02 to mention Waterhouse. First, they have local offices all over the country. 2, they have an 800 number for extended hours. 3, they are polite and responsive. 4, and my favorite, they reinvest dividends for free.Larry
I agree with your points 1-4. But would add that 5) A human has to review your IRA trades before they're executed. (And it took 20 minutes.)Sure, it's free, but I would pay $25 a year to do without the hassle of calling after every trade to ask for the price to be "corrected" to what it would have been if the software were capable of executing the trade immediately.Take it with a grain of salt; I readily admit to being a disgrunted customer. I wish _I_ had asked about online discount brokers with respect to IRA accounts.
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