Comments on: Think or Swim Discount Brokerage Review http://www.milliondollarjourney.com/think-or-swim-discount-brokerage-review.htm Building Wealth through Saving and Investing Sun, 12 Feb 2012 23:42:26 -0330 http://wordpress.org/?v=abc hourly 1 By: Rob http://www.milliondollarjourney.com/think-or-swim-discount-brokerage-review.htm/comment-page-2#comment-120515 Rob Wed, 01 Jun 2011 13:24:19 +0000 http://www.milliondollarjourney.com/think-or-swim-discount-brokerage-review.htm#comment-120515 Can you search Canadian stocks in TOS charts and if so, what ending should u use? ex , BMO.TO Can you search Canadian stocks in TOS charts and if so, what ending should u use? ex , BMO.TO

]]> By: Trizi http://www.milliondollarjourney.com/think-or-swim-discount-brokerage-review.htm/comment-page-2#comment-118628 Trizi Tue, 08 Feb 2011 21:04:01 +0000 http://www.milliondollarjourney.com/think-or-swim-discount-brokerage-review.htm#comment-118628 .53 Greg I trade regular stocks on TOS, and it's great. My guess is these support issues you are having is with TD Waterhouse. I also have a Web account with them and the staff is really "nice", and really lame. Trouble is they make customers wrong for trying to get them to move. The more you follow up and ask the more they side-step and ignore. .53 Greg I trade regular stocks on TOS, and it’s great.

My guess is these support issues you are having is with TD Waterhouse. I also have a Web account with them and the staff is really “nice”, and really lame.

Trouble is they make customers wrong for trying to get them to move.

The more you follow up and ask the more they side-step and ignore.

]]> By: Trizi http://www.milliondollarjourney.com/think-or-swim-discount-brokerage-review.htm/comment-page-2#comment-118627 Trizi Tue, 08 Feb 2011 20:57:05 +0000 http://www.milliondollarjourney.com/think-or-swim-discount-brokerage-review.htm#comment-118627 Just heard today from the Toronto Support Desk, that RRSP integration is targeted for release the second half of 2011. I just hope TD Waterhouse doesn't start charging those high fees for people who use it. ThinkorSwim really cared about giving everyone a chance, and lot's of people State-side who took the training and worked really hard at their trading could start with smaller accounts and make something of themselves. For those who are interested you can download the Paper Trading here: it allows you to practice without risking anything. (fake $100k account with access to real-time market-like conditions) https://www.thinkorswim.ca/tos/displayPage.tos?webpage=paperMoney You can see lots of videos on Youtube.com just type in ThinkorSwim tutorial _____________________________________________________________ Boy am I ever glad I didn't see #20 response to my #19 post. My background is also in very large software implementations, and I have personally been on projects where <b>upwards of 75 people</b> were on staff, and yes these projects have taken a few years. So 100 isn't a stretch (for me anyway). " ... reasons I won't get into here...." sorry that was me saying that, not him. He went into it, but this is an investor forum and most don't want to hear "techie-talk". Anyway, at the time most of the development was being done off-shore. That was 2008 and everything's changed. Now it's 2011, TD evaluated and bought the company for what they felt was a fair price of $600M, everything slowed down as the 2 integrated, but RRSPs and Canadian money will finally be available. Just heard today from the Toronto Support Desk, that RRSP integration is targeted for release the second half of 2011.

I just hope TD Waterhouse doesn’t start charging those high fees for people who use it. ThinkorSwim really cared about giving everyone a chance, and lot’s of people State-side who took the training and worked really hard at their trading could start with smaller accounts and make something of themselves.

For those who are interested you can download the Paper Trading here: it allows you to practice without risking anything. (fake $100k account with access to real-time market-like conditions)

https://www.thinkorswim.ca/tos/displayPage.tos?webpage=paperMoney

You can see lots of videos on Youtube.com just type in ThinkorSwim tutorial

_____________________________________________________________
Boy am I ever glad I didn’t see #20 response to my #19 post.

My background is also in very large software implementations, and I have personally been on projects where upwards of 75 people were on staff, and yes these projects have taken a few years. So 100 isn’t a stretch (for me anyway).

” … reasons I won’t get into here….” sorry that was me saying that, not him. He went into it, but this is an investor forum and most don’t want to hear “techie-talk”. Anyway, at the time most of the development was being done off-shore. That was 2008 and everything’s changed.

Now it’s 2011, TD evaluated and bought the company for what they felt was a fair price of $600M, everything slowed down as the 2 integrated, but RRSPs and Canadian money will finally be available.

]]> By: greg http://www.milliondollarjourney.com/think-or-swim-discount-brokerage-review.htm/comment-page-2#comment-117783 greg Fri, 07 Jan 2011 20:17:18 +0000 http://www.milliondollarjourney.com/think-or-swim-discount-brokerage-review.htm#comment-117783 I have tos, td tos, td amertrade account when i signed up 1 yr ago they said it would all be intergrated in two months time yeah it still isn`t. I mainly trade frorex and they are not very good in peek times trades get filled any were from the quoted price to 10 pips higher. it changes in seconds and is very unreliable to try to get it at your price. Also the customer service is very bad. There usally quick to answer but as for solving any real problem forget it. Heres just a few of the problems i`ve had money go missing not alot five to ten dollars with no explaination and its not commissons or regular fees just gone and does not show it anywhere in the accounts statements or any other accounts page. They lost all of my info, one day i had an account the next its gone then i was told it has not been actived yet ( this is after 8 months of trading) i had to reapply for forex and futures trading they said if i fax it to them they will process it in two days. So i got on chat and told them i have an account already and have done all of this they would not belive me even with al the paper work. I resent everything along with the old forms.and chated back again, and they had my forex account up within 2 hrs but the money had been moved into another account minus 5 dollars. I had to transfer it around and then was told i didn`t have a futures account again then it was, it needs to be funded, this is still going on today. if you have a real problem with them they will give you the run around as they are still doing with my account. And there underwritter pension group they will not even talk to me out of 8 calls and e-mails the only answer i ever got was i dont have an account with them. things really started to go bad when the paper account went crazy. it started out in real time then the best i could get was 6 months behind when i reported it i was told ( as they are connected to my computer) they dont see any problems on are there end must be your computer. (i have it setup on five differnt ones ) then i started getting email alerts about trades from my paper account that i did not make and the alert had a differnt acount# then mine. But this is just the tip of the iceburg i could go on for hours about all trouble and time i had to deal with customer service and getting put off or outright lies or i cant help you you have to try back during regular hours when the real support people are here. easily over 50 times( they say 24hr support nah some support some times and dont expect it to be fixed. other then that it looks really pretty. They are an options company and anything eles is not worth there time is the impression i get from them. Well i hope this helps someone i will not recomend them to anyone.they havent made good on any thing to date just more back pedeling and lies. thank you and good luck in your trades greg sg I have tos, td tos, td amertrade account when i signed up 1 yr ago they said it would all be intergrated in two months time yeah it still isn`t. I mainly trade frorex and they are not very good in peek times trades get filled any were from the quoted price to 10 pips higher. it changes in seconds and is very unreliable to try to get it at your price. Also the customer service is very bad.
There usally quick to answer but as for solving any real problem forget it. Heres just a few of the problems i`ve had money go missing not alot five to ten dollars with no explaination and its not commissons or regular fees just gone and does not show it anywhere in the accounts statements or any other accounts page. They lost all of my info, one day i had an account the next its gone then i was told it has not been actived yet ( this is after 8 months of trading) i had to reapply for forex and futures trading they said if i fax it to them they will process it in two days. So i got on chat and told them i have an account already and have done all of this they would not belive me even with al the paper work. I resent everything along with the old forms.and chated back again, and they had my forex account up within 2 hrs but the money had been moved into another account minus 5 dollars. I had to transfer it around and then was told i didn`t have a futures account again then it was, it needs to be funded, this is still going on today. if you have a real problem with them they will give you the run around as they are still doing with my account. And there underwritter pension group they will not even talk to me out of 8 calls and e-mails the only answer i ever got was i dont have an account with them. things really started to go bad when the paper account went crazy. it started out in real time then the best i could get was 6 months behind when i reported it i was told ( as they are connected to my computer) they dont see any problems on are there end must be your computer. (i have it setup on five differnt ones ) then i started getting email alerts about trades from my paper account that i did not make and the alert had a differnt acount# then mine. But this is just the tip of the iceburg i could go on for hours about all trouble and time i had to deal with customer service and getting put off or outright lies or i cant help you you have to try back during regular hours when the real support people are here. easily over 50 times( they say 24hr support nah some support some times and dont expect it to be fixed. other then that it looks really pretty. They are an options company and anything eles is not worth there time is the impression i get from them. Well i hope this helps someone i will not recomend them to anyone.they havent made good on any thing to date just more back pedeling and lies. thank you and good luck in your trades
greg sg

]]> By: nathan http://www.milliondollarjourney.com/think-or-swim-discount-brokerage-review.htm/comment-page-2#comment-115696 nathan Fri, 08 Oct 2010 19:45:58 +0000 http://www.milliondollarjourney.com/think-or-swim-discount-brokerage-review.htm#comment-115696 I recently opened an account with Virtual Brokers [ www.virtualbrokers.com ] When I tried to return my money back from virtual brokers to my own bank I have problem getting my money back. I filled the form on their website which state that within 2 days the money will be return via EFT - the secretary on the phone confirmed it will be done within 2 days. It was not. Later I talked to Peter Wong, one of their Trading Support people (at that time). I was verbally told the money will be in my account in 10 days. It was not. I contacted a manager BBS Securities Inc. [ Virtual Brokers is a branch of this company ], I was told he will look into this … now I’m in contact with investment industry regulatory organization of canada - 416-943-6910 Is anyone out there had similar problem with Virtual Brokers ? Have you got your money back? What did you do? I recently opened an account with Virtual Brokers [ http://www.virtualbrokers.com ]
When I tried to return my money back from virtual brokers to my own bank I have problem getting my money back. I filled the form on their website which state that within 2 days the money will be return via EFT – the secretary on the phone confirmed it will be done within 2 days. It was not. Later I talked to Peter Wong, one of their Trading Support people (at that time). I was verbally told the money will be in my account in 10 days. It was not. I contacted a manager BBS Securities Inc. [ Virtual Brokers is a branch of this company ], I was told he will look into this … now I’m in contact with investment industry regulatory organization of canada – 416-943-6910
Is anyone out there had similar problem with Virtual Brokers ? Have you got your money back? What did you do?

]]> By: tom http://www.milliondollarjourney.com/think-or-swim-discount-brokerage-review.htm/comment-page-1#comment-112325 tom Thu, 15 Apr 2010 14:43:31 +0000 http://www.milliondollarjourney.com/think-or-swim-discount-brokerage-review.htm#comment-112325 use to be great, but picture yourself in a 5 mini open position and your broker goes "offline", twice in two weeks. Ever since they got bot by TD, I think its pretty much like Pespi bying Burger KIng. Rather go to Big Macs use to be great, but picture yourself in a 5 mini open position and your broker goes “offline”, twice in two weeks. Ever since they got bot by TD, I think its pretty much like Pespi bying Burger KIng. Rather go to Big Macs

]]> By: Realinvestor http://www.milliondollarjourney.com/think-or-swim-discount-brokerage-review.htm/comment-page-1#comment-110672 Realinvestor Thu, 11 Feb 2010 12:29:35 +0000 http://www.milliondollarjourney.com/think-or-swim-discount-brokerage-review.htm#comment-110672 Joe, No they do not currently have TFSA/ RRSP. All choices for Canadians are in US at the moment Joe,

No they do not currently have TFSA/ RRSP. All choices for Canadians are in US at the moment

]]> By: Joe http://www.milliondollarjourney.com/think-or-swim-discount-brokerage-review.htm/comment-page-1#comment-110670 Joe Thu, 11 Feb 2010 10:27:55 +0000 http://www.milliondollarjourney.com/think-or-swim-discount-brokerage-review.htm#comment-110670 Anyone know if ThinkorSwim has the TFSA trading account? Anyone know if ThinkorSwim has the TFSA trading account?

]]> By: Dk http://www.milliondollarjourney.com/think-or-swim-discount-brokerage-review.htm/comment-page-1#comment-109835 Dk Fri, 22 Jan 2010 16:47:39 +0000 http://www.milliondollarjourney.com/think-or-swim-discount-brokerage-review.htm#comment-109835 I call them about once a month to check on the status. Earlier this month they said possibly this spring. I call them about once a month to check on the status. Earlier this month they said possibly this spring.

]]> By: Tetsuo http://www.milliondollarjourney.com/think-or-swim-discount-brokerage-review.htm/comment-page-1#comment-108779 Tetsuo Thu, 24 Dec 2009 04:29:16 +0000 http://www.milliondollarjourney.com/think-or-swim-discount-brokerage-review.htm#comment-108779 Anyone hear of any updates on this? Website still says "temporarily not accepting new accounts" Anyone hear of any updates on this? Website still says “temporarily not accepting new accounts”

]]> By: GG http://www.milliondollarjourney.com/think-or-swim-discount-brokerage-review.htm/comment-page-1#comment-106603 GG Tue, 27 Oct 2009 02:14:46 +0000 http://www.milliondollarjourney.com/think-or-swim-discount-brokerage-review.htm#comment-106603 TOS Canada doesn't allow new accounts to be open because of the merger, they said "soon" a couple of months ago anyone know what soon means ? TOS Canada doesn’t allow new accounts to be open because of the merger,

they said “soon” a couple of months ago

anyone know what soon means ?

]]> By: William Conner http://www.milliondollarjourney.com/think-or-swim-discount-brokerage-review.htm/comment-page-1#comment-105118 William Conner Sun, 13 Sep 2009 14:48:15 +0000 http://www.milliondollarjourney.com/think-or-swim-discount-brokerage-review.htm#comment-105118 I'm a Yank, and I have been using TOS brokerage for 10 months now. I am a beginning trader with a small cash account, averaging a balance of around $3500. I have been using their Web-Based Trading service because their trading platform complexity (as would most others probably) intimidates my non-techy mind. Thursday last, I exited trade before the close at a $30 gain because I could see that it was going to go against me. I thought that I had executed the closing order properly. Friday I discovered that I had inadvertently purchased a shorting position on the very Call I was intending to exit! You would think that when you click on your position and select "closing order" it would take you directly to your position and present an order command module, right? By the time I got through the order page confusion, my $30 gain had devolved into a $200 loss! I got after the trade desk personnel. I learned that the WBT feature has design problems! And is not reliable to enter/exit trades. I was advised that I ought to be using the trading platform to execute trade orders. Here I thought that my 2009 execution fumbling losses of approximately $1000 was due to my own ineptitude! In a few instances, TOS reversed the commissions, but that was only pennies on the dollars I lost. Relatively small dollars in the big picture, but when looked upon as a percentage of my financial capacity, it is quite significant. Other than this story of frustration, I will say that their day-to-day customer service is friendly. But, the the story speaks to a major issue of integrity. I’m a Yank, and I have been using TOS brokerage for 10 months now. I am a beginning trader with a small cash account, averaging a balance of around $3500. I have been using their Web-Based Trading service because their trading platform complexity (as would most others probably) intimidates my non-techy mind.

Thursday last, I exited trade before the close at a $30 gain because I could see that it was going to go against me. I thought that I had executed the closing order properly. Friday I discovered that I had inadvertently purchased a shorting position on the very Call I was intending to exit! You would think that when you click on your position and select “closing order” it would take you directly to your position and present an order command module, right? By the time I got through the order page confusion, my $30 gain had devolved into a $200 loss!

I got after the trade desk personnel. I learned that the WBT feature has design problems! And is not reliable to enter/exit trades. I was advised that I ought to be using the trading platform to execute trade orders. Here I thought that my 2009 execution fumbling losses of approximately $1000 was due to my own ineptitude! In a few instances, TOS reversed the commissions, but that was only pennies on the dollars I lost. Relatively small dollars in the big picture, but when looked upon as a percentage of my financial capacity, it is quite significant.

Other than this story of frustration, I will say that their day-to-day customer service is friendly. But, the the story speaks to a major issue of integrity.

]]> By: newschool http://www.milliondollarjourney.com/think-or-swim-discount-brokerage-review.htm/comment-page-1#comment-74991 newschool Thu, 26 Mar 2009 04:13:04 +0000 http://www.milliondollarjourney.com/think-or-swim-discount-brokerage-review.htm#comment-74991 I contacted in 2008 thinkorswim canada for an expected date of the TSX trading availability and got for response "end of March / begin of April". I recently asked and update and the TSX trading platform was delayed to the summer, around June, probably due to the recent acquisition by TD. I contacted in 2008 thinkorswim canada for an expected date of the TSX trading availability and got for response “end of March / begin of April”.

I recently asked and update and the TSX trading platform was delayed to the summer, around June, probably due to the recent acquisition by TD.

]]> By: Ted http://www.milliondollarjourney.com/think-or-swim-discount-brokerage-review.htm/comment-page-1#comment-74520 Ted Sun, 22 Mar 2009 21:08:43 +0000 http://www.milliondollarjourney.com/think-or-swim-discount-brokerage-review.htm#comment-74520 I have been using ThinkorSwim since Jan. 2009 when I first got into the market. I found TOS through Barron's a weekly investing and financial magazine. For three out of four years, Barron's has rated TOS 1st or 2nd. In 2009, TOS was rated #1 discount brokerage. Personally, I really like it. I live in the US and want to hnave the opportunity to trade in Canada. I have been using ThinkorSwim since Jan. 2009 when I first got into the market. I found TOS through Barron’s a weekly investing and financial magazine. For three out of four years, Barron’s has rated TOS 1st or 2nd. In 2009, TOS was rated #1 discount brokerage.

Personally, I really like it. I live in the US and want to hnave the opportunity to trade in Canada.

]]> By: Pablo http://www.milliondollarjourney.com/think-or-swim-discount-brokerage-review.htm/comment-page-1#comment-74493 Pablo Sun, 22 Mar 2009 16:12:37 +0000 http://www.milliondollarjourney.com/think-or-swim-discount-brokerage-review.htm#comment-74493 Sorry, links did not work - so here they are: http://www.amtd.com/news/releasedetail.cfm?ReleaseID=358124 http://www.tdameritrade.com/forms/TDA6993.pdf Sorry, links did not work – so here they are:
http://www.amtd.com/news/releasedetail.cfm?ReleaseID=358124
http://www.tdameritrade.com/forms/TDA6993.pdf

]]> By: Pablo http://www.milliondollarjourney.com/think-or-swim-discount-brokerage-review.htm/comment-page-1#comment-74492 Pablo Sun, 22 Mar 2009 16:10:01 +0000 http://www.milliondollarjourney.com/think-or-swim-discount-brokerage-review.htm#comment-74492 On January 8th, 2009 TD AMERITRADE to acquire thinkorswim. For more information, please see letter from TD AMERITRADE, the press release, and FAQ for thinkorswim customers. On January 8th, 2009 TD AMERITRADE to acquire thinkorswim. For more information, please see letter from TD AMERITRADE, the press release, and FAQ for thinkorswim customers.

]]> By: Dan http://www.milliondollarjourney.com/think-or-swim-discount-brokerage-review.htm/comment-page-1#comment-65621 Dan Mon, 29 Dec 2008 00:13:31 +0000 http://www.milliondollarjourney.com/think-or-swim-discount-brokerage-review.htm#comment-65621 I too am looking for anyone who has info, both pro and con, on TOS Canada. As well as the tax implications of having the funds held in the US. Please post. I too am looking for anyone who has info, both pro and con, on TOS Canada. As well as the tax implications of having the funds held in the US. Please post.

]]> By: G-Bert http://www.milliondollarjourney.com/think-or-swim-discount-brokerage-review.htm/comment-page-1#comment-65246 G-Bert Tue, 23 Dec 2008 03:26:10 +0000 http://www.milliondollarjourney.com/think-or-swim-discount-brokerage-review.htm#comment-65246 Jeff, stop using their web based platform and use thinkDesktop. You'll see a world of difference. Jeff, stop using their web based platform and use thinkDesktop. You’ll see a world of difference.

]]> By: Bobby http://www.milliondollarjourney.com/think-or-swim-discount-brokerage-review.htm/comment-page-1#comment-64772 Bobby Thu, 18 Dec 2008 03:29:07 +0000 http://www.milliondollarjourney.com/think-or-swim-discount-brokerage-review.htm#comment-64772 I would love for someone to write a detailed pros/cons list on TOS site for me... Just interested, you can send it to my email address! THanks! dariusmoj@hotmail.com I would love for someone to write a detailed pros/cons list on TOS site for me… Just interested, you can send it to my email address! THanks! dariusmoj@hotmail.com

]]> By: Roseydave http://www.milliondollarjourney.com/think-or-swim-discount-brokerage-review.htm/comment-page-1#comment-61573 Roseydave Sun, 23 Nov 2008 23:31:24 +0000 http://www.milliondollarjourney.com/think-or-swim-discount-brokerage-review.htm#comment-61573 Was considering TOS till Jeff's post. Wonder why these issues weren't mentioned in any of the previous posts. This sounds like a very slow and archaic refresh proccess. Seconds cost. Was considering TOS till Jeff’s post. Wonder why these issues weren’t mentioned in any of the previous posts. This sounds like a very slow and archaic refresh proccess. Seconds cost.

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