Goodbye TDAmeritrade, Hello Izone!
I just closed down my account with TDAmeritrade. I transferred everything to Izone.com.
Funnily enough, Izone is owned by TDAmeritrade and offers EVERYTHING that my regular TDAmeritrade account offered. Infact, the user-interface is identical. Its so identical, that the new username and password I created at izone.com even works at tdameritrade.com!!!!
So whats the difference? All the commissions are half-priced as compared to TDA.
But whats the catch? There’s no phone support and you need to have a couple of years online trading experience in order to open an account. Actually, I’m not sure about the ‘no phone support’ policy – I suspect that if you call up the customer support number for TDA and give them your izone username, it just might work. In any case, I usually asked my questions via email at TDA, so there’s no difference for me. And izone also has a live ‘customer support chat’ feature during normal business hours which has less wait time than the phone lines.
I did an internal transfer since my old account was at TDA. It took place at 11:45 pm so my regular trading wasn’t affected at all! Now thats some decent service!
Let me know if you want to open an account and I’ll send you a referral email. I think we both get 10 free trades.
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October 29th, 2007 at 4:10 am
Does it have Dow Jones news and all other streamer features? Can you have mutual funds. Ameritrade charges me $7 a trade by the way
October 29th, 2007 at 9:27 am
wtf! how come you got $7 trades?
The only difference between izone and regular TDA is that you don’t get free streaming quotes. you have to pay $14.95/month.
But if you’re placing more than 3 trades/month, you’re better off with Izone.
Yes the mutual funds are the same. For NTF funds, its free, but for the funds where you have to pay, its now only $17.99 instead of $35 or $45.
October 29th, 2007 at 11:46 am
I just called TD AMeritradeand they gave me $7 trade commissions.
October 30th, 2007 at 7:35 am
I also have TD Ameritrade, never heard of Izone. Going to check the site………
November 1st, 2007 at 1:15 pm
I also have $7 trades with TD Ameritrade. They were running a promotion earlier. I mentioned it to them and they dropped my commission to $7.
November 6th, 2007 at 5:17 pm
Well shoot, I just opened an Izone account last week, although I haven’t funded it yet.
Izone is the old FreeTrades, with trades no longer free
. I decided on Izone as we already have two IRAs with TD Ameritrade. Actually, they were with NDB initially but with all the consolidation …
comparing discount brokers, try this:
http://www.broker-reviews.us/
November 15th, 2007 at 7:25 pm
You should consider interactivebrokers.com or thinkorswim.com.
Their commissions can’t be beat.
November 15th, 2007 at 7:35 pm
I have an account with interactive brokers.
they don’t allow dividend reinvestment. you can’t buy
mutual funds. there isn’t customer support either.
but other than that, their commissions really can’t be beat!
November 19th, 2008 at 9:24 am
Please send me a referral email for izone, thanks.
November 19th, 2008 at 10:57 pm
Hi Ben
Izone is no longer giving out referral rewards.
But try Zecco – it has free stock trades!