Which brokerage do you like. What do you like and dislike about them?


Thought it'd be interesting to have a thread about different brokerages. Discuss what you like and dislike, pros / cons. I use primarily Fidelity:

What I like:

  • Very good customer service.

  • It was a long time ago but setting up options was very easy and painless.

  • No PFOF for stocks (I believe they still have for options).

  • Easy to find bonds, lots of detailed information.

  • Advanced option quote charts show price history.

  • Some interesting basic data on options.

  • Automatically sweeps unused cash into MMFs.

What I dislike / would like to see different:

  • MMF has a very high expense ratio vs. Vanguard 0.42% vs. 0.09%.

  • They still take PFOF on options and would prefer higher flat commission.

  • Would like more customizable legs on trading. Eg. shorting a stock and buying a call, a covered short / synthetic put.


Comments

Leave a Reply

Your email address will not be published. Required fields are marked *