Ameritrade Merger with TD Waterhouse
March 28th, 2006 by Grant in: Investing
I just got my notification in the mail about the merger between Ameritrade and TD Waterhouse. It outlines the changes to my trading account upon the completion of the merger.
It’s all fairly benign stuff, with the exception of one statement:
“You’ll receive the new commision schedule and margin rates for TD Ameritrade in late April.”
I certainly hope the commisions go down, as Ameritrade has one of the highest commision fees of all the major brokers…
Sure, I like good trading tools, but I have to protect my bottom line first and foremost. Ameritrade may lose a bunch of customers if those commisions go in the wrong direction.
List of Brokerage Commisions
- Ameritrade: $10.99
- ETrade: $6.99
- Fidelity: $8.00
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June 12th, 2006 at 9:01 am
Not so fast, this is pathetic. All my perks with Ameritrade ..gone
Nothing automatic about TD’s system. Like day and night ( archaic ) compared to Ameritrade. With Ameritrade Canada I had Level 11, real time charts, real time portfolio with bid ask, value, etc. command centre.
The 9.99 trades are only for short time, must day trade to qualify thereafter.
Back to dynosaur days with TD
June 12th, 2006 at 9:07 am
Brian, were you a TD Waterhouse customer before the merger?
Are you not getting the same tools as former Ameritrade users?
Thanks for your thoughts.
-Grant