E Trade "Privacy" Agreement = JOKE
I just now went to open a new account with e-trade. Because of the various posts regarding security and disclosure of information on this forum I decided I would actually read the privacy agreement. ...
Forum Discussion
JRS & B wrote:
Gdetrailer - Oddly enough it was an employee at a local bank where I have a brokerage account that suggested E-Trade if I wanted to buy penny stocks, because their fees were too high for that type of purchase. A 3 cent per share added transaction charge to buy a 30 cent per share stock, and again to sell, means the stock has to go up 20% before I break even. I think I will just pass on the penny stocks rather than deal with E-Trade.
I never said it would be cheap, places like Etrade generate a lot of income from your personal data which subsidizes and reduces the cost of having them trade for you.
I gather that you are using a your local Bank to do your "financial" related stuff?
Extremely bad place to go for financial "help", banks now days are not afraid to charge for things like this, often tacking on hidden fees along the way. Insurance companies are also not good for this either.
Instead you should be looking at real financial businesses like Smith Barney, they still can not come as cheap as the DIY versions they at least can advise along with make the purchases for you.
