TradingBlock Customer Reviews
by David Abrams,
5/23/2020
Pros: good tools
Cons: horrible customer support; rude staff; making setting up an account impossible
Due to COVID-19 I explained to the staff I could not obtain a letter from my bank explaining my account. I also encountered rude staff, unclear instructions, and untimely responses. I lost over a month just setting up an account which I could have used to trade stocks. Also, once the account was opened, the company refused to transfer funds from my bank, and the company blamed me for this problem.
I never had this much difficulty with Shwabb, or tdamertirade. I will go back to using these two other companies. As stated, the only reason I selected TradingBlock is because they have better trading tools.
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Leading U.S. Brokerage Review Websites About Trading Block
"Fairly Expensive Pricing on Stock Trades. Great for Beginner Traders. Fairly Basic Offering of Investment Options.
TradingBlock's online trading platform offers streaming quotes & charts, stop & conditional orders, independent investment
research, and account alerts. In terms of charting, the company provides advanced options for traders."
Trading Block Commissions
| Product | Price |
|---|
| Stocks and ETFs | $0.001 per share; $5.00 minimum |
| Options | $5.00 + $0.50 per contract |
| Mutual funds | $30 |
| UITs | $30 |
| Bonds | $1 per bond; $50 minimum |
Barron's Trading Block Rating
TradingBlock ranks poorly in the annual Barron's
Best Online Brokers Survey finishing on the second to the
last position among the sixteen firms that participated in the ranking.
Cinsidering firms' narrow investment offering, low ratings and trading cost above the industry average, we recommend to research more for
a better options. There are solid investment companies with lower pricing,
broader selection of investment products, great trading platforms and customer service.
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