Negative Feedback on E*Trade

Bluezy · #1 (**permalink**) 08-20-2005, 03:20 AM

I came across the following complaints against E*Trade:

E*Trade Complaints

I was mortified!!!

I didn't know that brokerage houses can sell shares of your stock, unannounced to you, to pay for "no trade" account fees. At least I found this out before opening a E*Trade account.

What if the consumer wants to hold onto the stock for a few years? Something is not right here...

PRICEPLUS · #2 (**permalink**) 08-20-2005, 07:02 PM

Always read the fine print and understand it before you enter into an agreement concerning your money!

CRFSaver · #3 (**permalink**) 08-23-2005, 01:49 PM

So far I can't complain about e-trade. It is where my company's ESOP is handled. My friends like Scott Trade for the very reason there are no inactivity fees.

BAGAGT1 · #4 (**permalink**) 08-23-2005, 03:56 PM

Unfortunately for me, the broker that I originally opened my account with was consumed by e-trade, therefore, I didn't have much choice. And unfortunately, in order to transfer my account, it will cost me $60. I think for the investor that is not going to make a whole lot of trades, Scottrade offers the best options. Anyone who has a Scottrade account have any issues with them?

jmjj215 · #5 (**permalink**) 08-23-2005, 04:39 PM

My brother uses Scottrade quite often and he's enjoyed that relationship quite a bit. I had e*trade for the ESPP (no options for me

) and have no complaints.

CRFSaver · #6 (**permalink**) 08-24-2005, 07:17 AM

I hear you JMJ. I am not a high enough "tier" for options. Actually fine with me cause I dont want to be married to a company for my options. I just take the 15% discount the company gives me.