Online Brokerages

[DanBB]

This is were I sit... I have accounts in both E-Trade and TDA. I've had accounts with E-Trade bank for about 15 years and the brokerage for a long time. I plan to keep account in many brokerages as they all have their strengths.

E-Trade:
- Great for non-penny trades
- Online platform enables selling individual lots
- E-Trade Pro is excellent for Level-2
- for me.. slow trade execution in pennies.
- the banking side is simply excellent!

TDAmeritrade(TDA):
- Best for penny trades (4 decimals) and low fee's
- Online platform DOES NOT enable selling individual lots (must phone for selling a particular lot) [I keep requesting this from them anytime I speak to them.. squeaky wheel!]
- no Level-2 for pennies so use E-Trade Pro
- I've never had a single problem with TDA. I love TDA!

IB:
- fee structure makes penny trades too expensive so keep TDA
- could be a replacement for E-Trade
- I haven't used it yet but I will be opening a small account soon to try out their trades and platform