Is TD Ameritrade a broker or a “Roach Motel” - Reviews of Brokers and Data Feeds | futures io social day trading
futures io futures trading


Is TD Ameritrade a broker or a “Roach Motel”
Updated: Views / Replies:2,691 / 18
Created: by jberesfordtipton Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors – all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you don’t need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

Is TD Ameritrade a broker or a “Roach Motel”

  #1 (permalink)
Elite Member
new york new york
 
Futures Experience: Intermediate
Platform: IB
Favorite Futures: commodities
 
Posts: 9 since Nov 2013
Thanks: 9 given, 1 received

Is TD Ameritrade a broker or a “Roach Motel”

If you need your money back, be prepared to wait. It may be unwise to keep funds there that you might need soon or suddenly.

I opened an account with TD Ameritrade which I funded on October 16th by an ACH from a NYC bank. That 5 figure deposit showed up on that date on my TD AT statement.

On October 21st they confirmed to me that I was all set up for electronic transfers to and from the account:
“You've successfully verified the bank information for XXBank. This electronic funding setup can be used to transfer funds electronically to and from your TD Ameritrade account. Just go to My Account > Deposits & Transfers (or Accounts > Deposit/Withdraw).”

I never had any disagreements with them, in fact had never executed a trade with them. On November 26th I asked TD AT to transfer back to my bank by ACH most of my balance, keeping $10K with TDAT. TDAT refused and said to call them. Person said that I needed a letter from the NYC bank showing the money had left the account. I pointed out that was nuts because the money had been with TDAT for over a month. He persisted. I finally said to send me a check instead to which he agreed.

I sent my ”Apex Client Services, TD Ameritrade” representative a summary of what happened and said “It is simply unbelievable, but you have a recording so you can check for yourself.” As of today no explanation or apology has been forthcoming.”

On December 2nd the check arrived with an enclosed printed form exhorting me to “Utilize Electronic Funding to receive funds the next business day! Don’t wait for your check to arrive by mail or pay fees to wire money. Sign up online for Electronic Funding. It’s a quick and easy way to get access to your money faster.”

So if you put money there that you might need promptly, well like the Roach Motel it might check in but not check out.

Reply With Quote
 
  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

 
  #3 (permalink)
Elite Member
Portland, OR
 
Futures Experience: None
Platform: tos
Favorite Futures: NQ, SB, 6J, CL, GC
 
Massive l's Avatar
 
Posts: 1,458 since Mar 2011
Thanks: 922 given, 1,820 received


Very interesting. I have several accounts with them and have never had an issue.
That just doesn't make sense. Hope it all gets figured out for you.

Psychology > Strategy ≥ Money
Reply With Quote
 
  #4 (permalink)
Elite Member
Houston, TX
 
Futures Experience: None
Platform: TOS, Ninja
Favorite Futures: TBD
 
shanmugs's Avatar
 
Posts: 70 since Dec 2010
Thanks: 56 given, 108 received

Oh WOW... Sorry to hear that... I too have a few TDA and legacy TOS accounts and have done many ACH transfers to and from multiple bank accounts. Never had any issue till date.

Reply With Quote
 
  #5 (permalink)
Elite Member
San Diego, CA
 
Futures Experience: Intermediate
Platform: x_trader pro, Excel
Broker/Data: Advantage
Favorite Futures: CL
 
baywolf's Avatar
 
Posts: 47 since Sep 2009
Thanks: 24 given, 23 received

This post reminds me of this podcast: The invisible plumbing of our economy

You know the US has an antiquated financial system when I can get next day delivery of a physical good from Amazon prime for $2.99. But ACH or wire of non-physical money cost at least $20, and forget about next day transfers if it is on a Friday after 12pm in California.

Reply With Quote
 
  #6 (permalink)
Elite Member
Dallas
 
Futures Experience: Intermediate
Platform: ThinkorSwim, Ninjatrader, Multicharts
Broker/Data: Thinkorswim, Ninjatrader Brokerage
 
optionzen's Avatar
 
Posts: 135 since Nov 2010
Thanks: 134 given, 103 received

I have been with tda / tos for 5 years no issues at all. They have been professional always.

Sent from my SAMSUNG-SGH-I337 using Tapatalk

Reply With Quote
 
  #7 (permalink)
Elite Member
Dallas
 
Futures Experience: Intermediate
Platform: ThinkorSwim, Ninjatrader, Multicharts
Broker/Data: Thinkorswim, Ninjatrader Brokerage
 
optionzen's Avatar
 
Posts: 135 since Nov 2010
Thanks: 134 given, 103 received


optionzen View Post
I have been with tda / tos for over 5 years no issues at all. They have been professional always.

Sent from my SAMSUNG-SGH-I337 using Tapatalk



Sent from my SAMSUNG-SGH-I337 using Tapatalk

Reply With Quote
 
  #8 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,237 since Jun 2009
Thanks: 29,350 given, 83,160 received

Question:

Is TD Ameritrade a broker or a “Roach Motel”

Answer:

TDA is a highly reputable broker.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
The following 2 users say Thank You to Big Mike for this post:
 
  #9 (permalink)
Elite Member
SF Bay Area + CA/US
 
Futures Experience: None
Platform: Tradestation, Ninja
Favorite Futures: NQ ES & Equities
 
paps's Avatar
 
Posts: 1,511 since Oct 2011
Thanks: 1,971 given, 1,275 received
Forum Reputation: Legendary

Yea guys...I too have not had any issues with fund transfers back to bank acct in the past.

Thnx
S

Sent from my DROID RAZR using Tapatalk

Reply With Quote
 
  #10 (permalink)
Elite Member
new york new york
 
Futures Experience: Intermediate
Platform: IB
Favorite Futures: commodities
 
Posts: 9 since Nov 2013
Thanks: 9 given, 1 received


The fact that they may have a good reputation makes what happened in my case even more curious.
I have now been waiting for an explanation from them since November 26th, with nary a word.
I am glad you got your money back without a problem.

Reply With Quote

Reply



futures io > > > > Is TD Ameritrade a broker or a “Roach Motel”

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

Dec 7

Linda Bradford Raschke: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
TD ameritrade w/Sierra charts rmiller863 Sierra Chart 7 December 12th, 2013 05:53 PM
TD Ameritrade Data Feed Request iCEO MultiCharts 13 April 23rd, 2013 03:41 AM
ThinkorSwim and TD Ameritrade Warning philipp Reviews of Brokers and Data Feeds 35 February 13th, 2013 10:28 AM
Anyone here use Zen-fire and TD Ameritrade feed ? quantismo Reviews of Brokers and Data Feeds 1 December 1st, 2012 12:36 AM
China's a 'Roach Motel'; Don't Trust the Numbers: Chanos Quick Summary News and Current Events 0 September 20th, 2012 09:10 AM


All times are GMT -4. The time now is 01:27 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-11-20 in 0.12 seconds with 19 queries on phoenix via your IP 54.224.18.114