05-13-2020, 12:43 PM
(05-13-2020, 11:27 AM)MikeWa Wrote:(05-13-2020, 11:19 AM)Otter Wrote:(05-13-2020, 10:14 AM)MikeWa Wrote: I am thinking about moving some of our accounts to Charles Schwab. Does anyone have a recent experience with their brokerage?
I am looking for feedback about operations (including web and streetsmart edge), reliability and performance of the platform and of course support.
I've only used their web-based interface, but it works great. Second only to Ameritrade, IMHO. Merrill is a dumpster fire and should be avoided.
LOL, I am with Merrill with most of our accounts. Thanks
I use them, too, as they had a nice sign up bonus when I started that account. Their trading interface is clunky (options are abysmal), and they flat out block purchases of certain leveraged ETFs (doesn't matter how much you have in the account, they will not allow purchases of certain ETFs like UVXY). They are slow in giving access to transferred funds for trading purposes (Ameritrade gives instant access), and if you don't want to do all of your banking through Bank of America, everything is just an extra hassle to accomplish.
I'm hoping Schwab adopts Ameritrade's platform after the switchover. Would be foolish not to, as Ameritrade has the best tech in the industry.