Comments on: Tradeking changes its ACH holding time to 60 business days http://www.indextown.com/archives/2008/12/13/tradeking-changes-its-ach-holding-time-to-60-business-days/ Personal finance and investing in mutual funds and ETFs Tue, 23 Feb 2010 19:12:16 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: indexfundfan http://www.indextown.com/archives/2008/12/13/tradeking-changes-its-ach-holding-time-to-60-business-days/comment-page-1/#comment-24422 indexfundfan Fri, 25 Sep 2009 19:20:48 +0000 http://www.indextown.com/?p=581#comment-24422 Sarah, if you want to transfer out of Tradeking, they will charge a ACAT-out fee ($50 I believe). But you might perhaps want to try to move to OptionsHouse which has many good reviews on FatWallet. Currently, OptionsHouse will also reimburse your ACAT fee, which would make your transfer out a no-fee proposition. Are your holdings in TK purchased with money that you ACH in? If so, wait 60 days from your last ACH-in transfer before submitting the request to transfer. It should go through. If they disallow it, request for the reason and if it is unreasonable, file a complaint with FINRA. By the way, some of my holdings are now with eOption.com. I went with them initially because of their very low margin rates. They subsequently increased their rates but they agreed to keep the old margin rate schedule for me when I complained. Sarah, if you want to transfer out of Tradeking, they will charge a ACAT-out fee ($50 I believe).

But you might perhaps want to try to move to OptionsHouse which has many good reviews on FatWallet. Currently, OptionsHouse will also reimburse your ACAT fee, which would make your transfer out a no-fee proposition.

Are your holdings in TK purchased with money that you ACH in? If so, wait 60 days from your last ACH-in transfer before submitting the request to transfer. It should go through. If they disallow it, request for the reason and if it is unreasonable, file a complaint with FINRA.

By the way, some of my holdings are now with eOption.com. I went with them initially because of their very low margin rates. They subsequently increased their rates but they agreed to keep the old margin rate schedule for me when I complained.

]]> By: Sarah http://www.indextown.com/archives/2008/12/13/tradeking-changes-its-ach-holding-time-to-60-business-days/comment-page-1/#comment-24421 Sarah Fri, 25 Sep 2009 19:05:32 +0000 http://www.indextown.com/?p=581#comment-24421 I have positions in tradeking that I wish I never transferred from Zecco what do you suggest I do I really want to move it to interactive brokers or think or swim but I'm afraid I'll experience the same thing you've gone through I've already had enough issues with them as it is I don't need anymore. All my positions are at a profit but I still don't want to sell considering how I got in them all at really great prices. TIA I have positions in tradeking that I wish I never transferred from Zecco what do you suggest I do I really want to move it to interactive brokers or think or swim but I’m afraid I’ll experience the same thing you’ve gone through I’ve already had enough issues with them as it is I don’t need anymore.
All my positions are at a profit but I still don’t want to sell considering how I got in them all at really great prices.
TIA

]]> By: indexfundfan @ indextown » Blog Archive » Higher new fees at Tradeking http://www.indextown.com/archives/2008/12/13/tradeking-changes-its-ach-holding-time-to-60-business-days/comment-page-1/#comment-23660 indexfundfan @ indextown » Blog Archive » Higher new fees at Tradeking Thu, 06 Aug 2009 05:01:48 +0000 http://www.indextown.com/?p=581#comment-23660 [...] my bout of issues (Tradeking is holding my money hostage and Tradeking changes its ACH holding time to 60 business days) with Tradeking, I haven’t actively used my Tradeking account. Recently, I happen to notice [...] [...] my bout of issues (Tradeking is holding my money hostage and Tradeking changes its ACH holding time to 60 business days) with Tradeking, I haven’t actively used my Tradeking account. Recently, I happen to notice [...]

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