TDA -Schwab

Discussion in 'Retail Brokers' started by Arnie Guitar, May 11, 2024.

  1. Haywood

    Haywood

    You're joking, right? I had accounts with TDA for three years and never got a gift. They were decent-sized accounts.
     
    #41     May 21, 2024
  2. taowave

    taowave

    How much commissions were you generating??

    I got gifts :)

     
    #42     May 21, 2024
    BKR88 likes this.
  3. schizo

    schizo

    I used to get one too. I think it was back in 2000s. Haven't seen one for awhile though. :)
     
    #43     May 21, 2024
    taowave likes this.
  4. BMK

    BMK

    Schwab keeps trying to sell me an American Express Platinum Card LOL
     
    #44     May 22, 2024
  5. taowave

    taowave

    At a discount or fair value :)

     
    #45     May 23, 2024
  6. GoldDigger

    GoldDigger

    I had accounts with both of them and I LOVED TDA because
    everything was just so smooth there, whether I was doing a
    regular day trade or options.

    I'm still kind of new so I could use all the help I can get.

    Now trading options on Schwab sucks so I'll just be doing
    regular day trades on there from now on.

    I have a couple of other accounts to trade options on but
    none of them compare to TDA.

    Why do corporations always have to mess everything up
    for the rest of us!?
     
    #46     May 23, 2024
    nitrene likes this.
  7. taowave

    taowave

    Why not use TOS??

     
    #47     May 23, 2024
  8. GoldDigger

    GoldDigger


    BC I'm just placing simple day trades and it's too involved.

    Managing multiple accounts I just want to go from one to the
    next, not be bogged down with TOS.

    I just want to make my couple of hundred dollars and drive on.

    Anyway, Schwab sucks.
     
    #48     May 23, 2024
  9. nitrene

    nitrene

    After using it a few weeks my initial impression was correct. Its not as good as TDA was, of course TDA itself benefited from Datek & Ameritrade platforms.

    Trading especially options trading is very poor. Options trading requires like 4-5 clicks on Schwab vs like 2 from TDA and that assumes you want to trade the front 2 months or it could take even more clicks. I do seem to get better midway (bid+ask/2) fills on options vs TDA.

    I was reading the r/TDA subreddit and one of users talked about how there was so much whitespace everywhere on Schwab, he was spot on with that criticism. There is so much wasted space on their website. Looks like they don't believe in brevity.

    The one positive I can think of is if you have multiple accounts its very easy to just switch accounts and trade on them directly. In TDA you had to link to a different account and click on it specifically to trade on it.

    Their research is laid out in a more readable way, but the default 1-day graphs are in line format and can't be changed. Charts on Schwab are a lot worse than TDA.
     
    #49     Jun 3, 2024