can i trust TD ameritrade

Discussion in 'Retail Brokers' started by Mdtbyk, Nov 25, 2017.

  1. Mdtbyk

    Mdtbyk

    i don't know thats why i asked this here to see what you guys know
     
    #11     Nov 26, 2017
  2. Robert Morse

    Robert Morse Sponsor

    Well, you asked a VERY general question without providing any information about your concerns. Are you asking about the safety of your money, quality of execution, level of support etc......

    If it is the safety of your money, and you will be using the US arm of either company, you will have SIPC protection for any account under the limits.
     
    #12     Nov 26, 2017
    MoreLeverage likes this.
  3. Mdtbyk

    Mdtbyk

    thanks for your reply

    so yes i know that any mistake i make as trade its on me but do they make my trades go wrong some how are they hounest
     
    #13     Nov 26, 2017
  4. Robert Morse

    Robert Morse Sponsor

    TD routes their equity orders to market makers and IB routes their equity orders to ECNS and exchanges that subject you to fees or rebates. Our offering, Lightspeed Trading is similar to IB in that respect.

    What country are you from?
    What is the size of the account?
    How often do you trade?

    If you provide more information in a private message, I can tell you if we or any of those brokers would work better for you. I don't expect your concern will be your biggest issue.
     
    #14     Nov 26, 2017
  5. zdreg

    zdreg

    read a balance sheet before posting.
     
    #15     Nov 26, 2017

  6. vwap? lol.

    does anyone here actually trade?
     
    #16     Nov 26, 2017
  7. d08

    d08

    I often split trades up so VWAP is a reasonable comparison.
    I also monitor executions to see if I get midpoint, lose the spread or get moved. Completely subjectively.

    So how do YOU measure executions?
     
    #17     Nov 26, 2017
  8. truetype

    truetype

    Versus arrival price. But limit-orders are a complication.
     
    #18     Nov 26, 2017
    d08 likes this.
  9. You're never going to get worse than the bid/ask just about anywhere, and anything liquid has a 1 cent spread, so what the hell are you measuring?
     
    #19     Nov 26, 2017
  10. d08

    d08

    Well, it's apparent that you're the one who doesn't trade. Extremely liquid stocks like AAPL, NFLX, GOOGL don't have 1 cent spreads. I also suppose you have never heard of spreads widening during volatility before. It also matters where you stand in the queue. Not even talking about moving 10,000 when the bid has 1,000 available.
    If retail order flow was valueless, why would any firm pay for order flow? Common sense.
     
    #20     Nov 27, 2017