Schwab or Fidelity? Which is a better platform for investing?
My company has 401k with fidelity so wanted to switch investments there but I am more familiar with the Schwab interface. Which is better?
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Hey Analyst 2 in IB - Ind, I'm the WSO Monkey Bot and I'm here since nobody responded to your thread! Bummer...could just be time of day or unlucky (or the question/topci is too vague or too specific). Maybe one of these topics will help:
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I use fidelity because my favorite color is green and robinhood isn't a real option so fidelity is the best option available. my investing success would be limited by constant exposure to charles schwab blue whereas my skills are amplified by exposure to fidelity green
Let me answer this in two weeks based on how Schwab handles my most recent trade dispute. ~35k on the line so will depend if they honour their fuck up.
Their system was fucked two weeks ago when I tried to place a trade and the position I took would have netted me 35k. So I dialed in, spoke to an advisor, and the fucking advisor guided me incorrectly - in multiple ways. Big respect if they honour it but TBD.
please keep me posted. thanks
Just had my trade dispute rejected by Schwab for a loss of 35k. This single issue alone should be a gigantic red flag to anyone who trades on their platform.
If they have a system error, and you do not video record your trading (they actually said this), they will not honour their fuck up. Switching everything away from them. Fuck this company.
Yeah I'd be beyond surprised. They didn't really lose you 35k you had, but fucked up and misguided you into how to execute on a position you wanted to enter which WOULD have netted 35k.
Their system failed in executing a request - this could be what you're missing here. System failure is a serious liability (obviously) - their system recorded the transaction but didn't execute it. Feel free to have a different opinion here, maybe you know something I don't.
The advisor fuck ups are secondary. Will keep you guys posted.
Big fan of Schwab. Their 24/7 customer service is great. Great banking features too. Thinking about starting to do all my banking through them.
100% do not do this. Copying my comment from below:
Just had my trade dispute rejected by Schwab for a loss of 35k. This single issue alone should be a gigantic red flag to anyone who trades on their platform.
If they have a system error, and you do not video record your trading (they actually said this), they will not honour their fuck up. Switching everything away from them. Fuck this company.
TD Ameritrade, specifically thinkorswim.
Go Schwab-- nobody has mentioned this but if you are serious about trading their StreetSmart Edge software is top notch
Just had my trade dispute rejected by Schwab for a loss of 35k. This single issue alone should be a gigantic red flag to anyone who trades on their platform.
If they have a system error, and you do not video record your trading (they actually said this), they will not honour their fuck up. Switching everything away from them. Fuck this company.
Anecdotally, I use schwab and some of my buddies in industry do too. Fidelity is good too.
I use td and fidelity. I prefer TD.
Love Schwab- I just got $35k credited to my account from someone else's trading dispute. Incredible!
Very underrated comment.
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