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Aw man, I just got moved from Capital One 360 Investing to E-Trade. Now I'll have to move to Morgan Stanley? Any way to just transfer my sh*t from E-Trade to Ro

Aw man, I just got moved from Capital One 360 Investing to E-Trade. Now I'll have to move to Morgan Stanley? Any way to just transfer my sh*t from E-Trade to Robinhood without just selling and re-buying, incurring a change in tax status? Seems Robinhood has unfortunately sunset that option...

homero 7y ago
Try Firstrade
lettergram 7y ago
You can transfer stocks, Robinhood implemented that a 12-18 months ago (and E*TRADE has/had it)
- thebiglebrewski 7y ago
  https://robinhood.com/us/en/support/articles/360001474726/transfer-stocks-into-your-robinhood-account/ https://robinhood.com/us/en/support/articles/360001474726/tr...
  - lettergram 7y ago
    Lol well, that’s unfortunate- how long has that been and when was that posted?
seanhunter 7y ago
I would think an ACATS transfer should be available for any registered US broker. That would not involve selling and re-buying.
- thebiglebrewski 7y ago
  https://robinhood.com/us/en/support/articles/360001474726/transfer-stocks-into-your-robinhood-account/ https://robinhood.com/us/en/support/articles/360001474726/tr...
francisofascii 7y ago
and before Capital One it was ShareBuilder
frockington1 7y ago
Robinhood has terrible order execution. I switched to TDA after getting sick of limit orders executing nowhere near my limit price. Market orders were abysmal as well
- evanpw 7y ago
  Limit orders can only execute at the limit price or better. Are you saying that you were getting better prices than you expected, or am I completely misreading this?
  - frockington1 7y ago
    Robinhood would ignore my limit and execute above it on buys
    - evanpw 7y ago
      Super illegal if true: https://www.finra.org/contact-finra/whistleblower https://www.finra.org/contact-finra/whistleblower
- hcknwscommenter 7y ago
  " limit orders executing nowhere near my limit price" How is that possible/legal?
  - hedora 7y ago
    Maybe they were stop orders? Stop orders execute a market trade when the price hits a limit. So, there’s a heuristic around when “the market price hits the limit”. If you execute too late, it might not execute at all. Too close to the limit, and it might cross back over. Also, stop orders are usually done to limit losses, so adding delay increases exposure to loss. https://www.diffen.com/difference/Limit_Order_vs_Stop_Order https://www.diffen.com/difference/Limit_Order_vs_Stop_Order Limit orders typically have higher commissions. Maybe stop orders were being confusingly marketed as limit orders?
basch 7y ago
outside of the flashy app, is there really anything Robinhood does better than Schwab or Fidelity? And in the realm of newcomers, M1 offers a better feature set.
- thebiglebrewski 7y ago
  My other holdings are on there now...I started on Capital One then went to Robinhood. More about consolidation for me
awinder 7y ago
I think you're going to be quite OK for a while at least, it looks like the current e-trade CEO would end up running the E-Trade unit inside of Morgan Stanley at least for a while. If they ever merged e-trade accounts into Morgan Stanley, I'm sure it'd be a no/low-touch thing, they'd be risking too much to make all those e-trade accounts liable to churn. Totally my opinion but I'd stay away from the upstarts like M1 & Robinhood (saying this as a current M1 customer). With free trades from e-trade / schwab / td / etc. it just doesn't make sense anymore, and things seem to move way slower (for instance, I think M1 just today has their tax data integrations going live, but large shops have been set up for longer). I know some people like Robinhood and the stripped down interfaces but if you're already comfortable with interacting with the large-shop software (which I assume you are, going through e-trade and capital one), you're gonna get a lot more from that side of the market than the upstarts.

homero 7y ago

Try Firstrade

lettergram 7y ago

You can transfer stocks, Robinhood implemented that a 12-18 months ago (and E*TRADE has/had it)

thebiglebrewski 7y ago
https://robinhood.com/us/en/support/articles/360001474726/transfer-stocks-into-your-robinhood-account/ https://robinhood.com/us/en/support/articles/360001474726/tr...
- lettergram 7y ago
  Lol well, that’s unfortunate- how long has that been and when was that posted?

seanhunter 7y ago

I would think an ACATS transfer should be available for any registered US broker. That would not involve selling and re-buying.

thebiglebrewski 7y ago
https://robinhood.com/us/en/support/articles/360001474726/transfer-stocks-into-your-robinhood-account/ https://robinhood.com/us/en/support/articles/360001474726/tr...

francisofascii 7y ago

and before Capital One it was ShareBuilder

frockington1 7y ago

Robinhood has terrible order execution. I switched to TDA after getting sick of limit orders executing nowhere near my limit price. Market orders were abysmal as well

evanpw 7y ago
Limit orders can only execute at the limit price or better. Are you saying that you were getting better prices than you expected, or am I completely misreading this?
- frockington1 7y ago
  Robinhood would ignore my limit and execute above it on buys
  - evanpw 7y ago
    Super illegal if true: https://www.finra.org/contact-finra/whistleblower https://www.finra.org/contact-finra/whistleblower
hcknwscommenter 7y ago
" limit orders executing nowhere near my limit price" How is that possible/legal?
- hedora 7y ago
  Maybe they were stop orders? Stop orders execute a market trade when the price hits a limit. So, there’s a heuristic around when “the market price hits the limit”. If you execute too late, it might not execute at all. Too close to the limit, and it might cross back over. Also, stop orders are usually done to limit losses, so adding delay increases exposure to loss. https://www.diffen.com/difference/Limit_Order_vs_Stop_Order https://www.diffen.com/difference/Limit_Order_vs_Stop_Order Limit orders typically have higher commissions. Maybe stop orders were being confusingly marketed as limit orders?

basch 7y ago

outside of the flashy app, is there really anything Robinhood does better than Schwab or Fidelity? And in the realm of newcomers, M1 offers a better feature set.

thebiglebrewski 7y ago
My other holdings are on there now...I started on Capital One then went to Robinhood. More about consolidation for me

awinder 7y ago

I think you're going to be quite OK for a while at least, it looks like the current e-trade CEO would end up running the E-Trade unit inside of Morgan Stanley at least for a while. If they ever merged e-trade accounts into Morgan Stanley, I'm sure it'd be a no/low-touch thing, they'd be risking too much to make all those e-trade accounts liable to churn. Totally my opinion but I'd stay away from the upstarts like M1 & Robinhood (saying this as a current M1 customer). With free trades from e-trade / schwab / td / etc. it just doesn't make sense anymore, and things seem to move way slower (for instance, I think M1 just today has their tax data integrations going live, but large shops have been set up for longer). I know some people like Robinhood and the stripped down interfaces but if you're already comfortable with interacting with the large-shop software (which I assume you are, going through e-trade and capital one), you're gonna get a lot more from that side of the market than the upstarts.