User 412420

E*Trade: Living on Borrowed Time?

Mr. Magpily starts with an error in stating E*Trade is the nation's largest broker. He also ends with an error, in my opinion, in stating that prospective buyers would likely still take a "wait and see" on buying the brokerage business as he seems to ignore the stablizing influence of hedge fund giant, Citadel. Prudence dictates that Citadel not be ignored as their strategy is to allow the best available on-line platform brokerage, known as E*Trade, to continue to perform admirably well into the recovery as DARTs increase and assets and interest rates rise, thus significantly increasing cash flow...and any associated buy-out offer.

Here's Why E*Trade's Customers Are Not Happy

I have been a satisfied E*Trade customer for many years. Although I have wondered about the length of the initial hold period on the transfer of funds into my account, I regularly move money in and out of brokerage and savings accounts with no trouble. In fact, they advertise 2 business days before funds will be transferred out, but I find they land in my outside accounts faster than that.