I was literally in the middle of opening a new Think or Swim account last week when the news broke that TDAmeritrade is acquiring them. I still haven’t finished opening the account, because I’m not sure that the merger will be a great thing for TOS traders (i.e. TDA’s trading is priced higher). Any thoughts on TDA or the merger?
They’re buying the brand. I can’t imagine their whole concept behind valuing the buyout was trying to pinch existing customers.
TOS was miles ahead of AMTD. Trade execution of AMTD isn’t great either, they route everything internally first and I’m also pretty sure they trade against their customers. Interactive Brokers is a good alternative, although their user interface and charting are way behind TOS. IB for trading and something else for charting is pretty common. If you’re going to stick with AMTD, their standard trade commission (9.99) can be negotiated down to $7 or $5. Just ask. IB is .50/100 shares w/1.00 minimum. One of the costliest mistakes I made was sticking with AMTD as long as I did.
Thanks, cv. I’m going to stick with TOS, and hopefully the post-merger result is okay.
steph, you’re in Canada right? Did you sign up with TOS Canada then? They still don’t have Canadian equities. Ugh.
TheAliMan Wrote: ------------------------------------------------------- > steph, you’re in Canada right? Did you sign up > with TOS Canada then? They still don’t have > Canadian equities. Ugh. Nope, I’m in the US. Maybe they’ll add equities for you when the merger happens?
I was also going to open a TOS account. Not going to anymore. Have you taken a look at Options House? May want to give it a shot. It’s a customer platform developed by a top of the line options firm Peak6 Investments.
Think. Swimming is just too much effort. I got no problem thinking about swimming though.