Quote:
Originally Posted by PugMom
FIDELITY~!  |
fidelity's Active Trader Pro (ATP) software requires too many clicks to be top notch
fidelity's lack of API for automated trading is a drawback
fidelity's execution slippage and rates are higher that at other brokerages.
fidelity has an excess of paperwork and restrictions to complete per account
fidelity has an automatic pre close position sell which other brokerage accounts don't have, big pain in the ass, when prices change a lot between 3:30 and 4:00 pm.
yes, i use fidelity because there is an office close by, 5 minutes, to get all the paperwork and other exceptional issues settled. I have an IBKR account for automated trading, but haven't found an acceptable profitable rule to use the API yet.
And I have had some major paperwork issues with fidelity, which took me several trial and errors to get past their legal review and standardized rules, like over a year. Yeah, i usually end up hitting the exceptions / error flags at most major banks and investment houses.
YMMV