TDA VS ETRADE: All brokers are swamped with new account openings(A good thing), forget calling them imo, we are on our own. Here's a comparison I posted couple years ago:
1. You call Etrade and you get to talk to someone from the Philippines about your account and personal info(I always ask to speak to a rep in USA, not gonna tolerate the hard to understand reps nor trust a foreign country with my personal info, same goes with all the Credit Card Co's sending USA jobs to Philippines, India, Mexico, etc, I always ask for a US rep), but then you have TDA who seems to hire anyone who can answer a phone so....
2. Etrade won't allow OCO orders for stocks under $1(This really sucks when you have an eye on 2 tickers but only enough powder for one position) But Etrade's Options House format has a cool feature where you can load saved orders and then with one click cancel, modify, or send the order when ready, it's fast and instant. But It's easy to mess up cuz if you have a fat finger or cat you could cancel when you don't want to.
3. With Etrade, When placing a sell Stop w/Limit order the limit price has to be equal to or lower than the trigger price(This sucks with thin traded tickers cause I can always get a higher fill price after my trigger price is met with TDA)
4. Still getting used to the Etrade Options House platform and the charts, I like the standard TDA platform for charts, options chains, etc.
5. And from what i've heard about Scwabb, they don't allow orders over 100,000 share quantity so it's not practical for OTC
6. Etrade is $4.95 a trade buy I also negotiated my fee with TDA down to $5 a trade
7. So I will have my Etrade account for trading tickers TDA won't, but will keep my TDA for most trades as I like the platform and charts, and I get Level 2 with TDA and their Think or Swim platform that I don't like that much as it is clustered with too much.
8. Fund transfers: TDA requires 3 full business days before you can use the funds for OTC or options, but Etrade seems to clear about 47% of your deposit immediately and the other 53% after just 2 full business days
9. Entering orders after hours on Etrade is frustrating because if you cancel an order after hours it shows cancel pending so you can't continue to place new orders with the free'd up money from the cancelled order, with TDA you cancel an order anytime and it's free to use for another order.
10. TDA sometimes will not allow some orders on risky tickers, TDA wouldn't accept some trades so I've opened a small Etrade account, just for those tickers that TDA will not allow