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I don't want to pay $75 to move my shares to another broker. I also don't want to risk selling all my shares right now, transferring the money to my bank, then
by chickenpotpie 7y ago
I don't want to pay $75 to move my shares to another broker. I also don't want to risk selling all my shares right now, transferring the money to my bank, then transferring it to another broker, and buying them again and risking the market coming back during that process and losing thousands of dollars. There's probably a way to transfer out faster for free, but I don't know it. Any new money I invest will be in a different broker, though.
- kasey_junk 7y agoThis plus I don’t trade enough that the downtimes matter. I buy twice a month on a fixed schedule they’ve not been down on any of those times so I wouldn’t know they have issues if it weren’t for the news.
- chickenpotpie 7y agoExactly, I the only times I trade are when I get a paycheck and when I need to re-balance my portfolio.
- deleted 7y ago[deleted]
- ProAm 7y agoThe question there is did you lost more than $75 not executing trades you wanted to execute? There's risk but a lot of risk in a platform that might crumble because its a startup.
- chickenpotpie 7y agoI'm not a day trader, I only trade about twice a month
- lykr0n 7y agoI moved from Robinhood to Schwab, and didn't know about this fee on Robinhood's side. So I ask Schwab support and they not only told me about it, they gave me an additional $75. YMMV but I think most brokerages would be happy to help if you ask.