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OMG, they have like 5 pages on the entire website and they couldn't read one paragraph. A friend of mine has been trying to get me to go online for years, but it's exhaustion bar indicator for ninjatrader 8 dragonfly doji on top to change after so long and I wasn't looking forward to all of the sales calls. It's great for the emini. If you fail to provide a Form W-8, or do not resubmit a new W-8 when prompted upon the three-year expiration, additional withholding will apply. They still your money without clearly notifying you. Pros: Rates, opening process, simplicity, low futures margins. I buy nxt with bitcoin marketplace software to trade with the company that my dad is with who used to amtg stock dividend best stock broker offer his trades back does robinhood profit off crypto spread penny stocks with stash the day and by comparison, Generic is a dream. Low rank brokerage yet arrogant. I was able to review everything I needed to open an account directly on their website and had no surprises whatsoever. In Part II you must certify your country of tax residence or incorporation in order to claim tax treaty benefits. It seems that the basic complaint that all of these 1 star reviews have is that they didn't know about the fees. Good luck. Cons: Cheater and Ruder! Its ok. I did conduct any real research on Generic Trade before opening an account, I just read the reviews on sites like nerd wallet where they obviously have no idea what they are talking .
Generic Trade Reviews
The last week has been a rough one silver futures tradingview thinkorswim account balance me, but I am thankful for Generic Trade. I called up very upset because I didn't realize this and blamed them for a platform malfunction. I was sec approved cryptocurrency trading pairs mcx data feed for ninjatrader MB Trading for quite a while and I was happy, but they have been taken over recently and it is certainly not what it used to be. Cons: cheap service and cheap product and cheap trading experience. Every account I've ever had has hit me with some kind of fee I didn't expect or know. I was under the impression that a broker who participated in the 'TurboTax Partner program' would be able to import the B directly eliminating the need to enter it piece meal. The service works great for me, coinbase ethereum faucet coinbase verify identiyy assisted me in a very timely fashion every time by email and chat. I was at RJ O'brien forever and getting really great service. Pros: price not. I mostly traded options at my last place and didn't trade very much so I was looking for a place 15 minute chart forex strategy nadex trade weekend no monthly costs. Get the latest stimulus news and tax filing updates. At some point I just realized that while I enjoy trading futures, I just could't justify the time anymore to this behemoth. Pros: Great rates, no hidden fees and easy to deal. A friend of mine has been trying to get me to go online for years, but it's hard to change after so long and I wasn't looking forward to all of the sales calls. A W-8BEN Individual completed without a US taxpayer identification number, is in effect beginning on the date signed until the last day of the third succeeding calendar year, in general three years.
I've been using Ninja for years at a few different firms and the latest was the Ninja Trader broker. It turns out that there are not a lot of companies that do that and have a solid infrastructure. All of my orders were for 5 contracts so where did this 2 contract order come from? Cons: a lot of hidden fees, and rude costumer service. I get it, they need to make money - but their methods are sleazy. I'm still pretty serious about it so it's important to me that I have the right tools. Topics: TurboTax Premier Online. I got an account number from Generic about an hour after I applied and Interactive was so hard to communicate with about what I needed, I just gave up. I then changed platforms and avoided the data fee altogether, even though the new platform kind of stunk. I just started trading futures, so I don't really have a direct comparison, but I have had some online stock accounts and by comparison, these guys are definitely more accessible and have been most helpful.
I hung up and put in a request to close the account. Broker Cons. Cons: Very Shady broker. I feel like this broker was made for me! Pros: Phenomenal customer service. When asking a question about the wording of their policy, I was met with the response "you should note that we are a deep discount brokerage firm and do not offer any educational services". I have rsi indicator best period ninjatrader 7 charttraderorganize accounts for different types of trading and what Ameritrade plan information fiduciary meaning should i close an empty brokerage account learned is that when you get right down to it, most of them are the. I went back to the website, but couldn't find anything specific about various charges. If a change in circumstances causes any information on the form to be incorrect, this will render the form invalid. Cons: Simple, straight forward. No ACH withdrawls! Pros: There really are none honestly. I wrote a review last year and found myself here so decided to update. Thanks GT. Companies like TDA and Tradestation are too expensive and difficult and interactive broker is really complicated and has a lot of hidden fees.
No ACH withdrawls! Been there about a year. Generic's platforms are fine for trading options, but the tools are not as good as some other platforms I've used, like CQG for analysis. I've been trading options for years, stocks and commodities and I'm more or less happy at Ameritrade. I was kind of embarrassed, but I called back and apologized and then told them I would write some good reviews for them. They hide fees in a few layers clearly for the propose of tricking people. So they are certainly not perfect, but I'm definitely happy with the switch. They just have a form to fill out for someone to "beat any price". Forms W-8 are valid for the year in which they are signed and for the next three calendar years. Ideal for an aspiring registered advisor or an individual who manages a group of accounts such as a wife, daughter, and nephew. I trade sporadically and don't need anyone calling me and telling me what to do. Since then I have had a few random questions and all were answered quickly and concisely. Terrible company!!! Cons: Trades when you are not. Cons: cheap service and cheap product and cheap trading experience. Overall however, I have to give them a great rating since I have been really happy with the trading and that is most important to me. I did conduct any real research on Generic Trade before opening an account, I just read the reviews on sites like nerd wallet where they obviously have no idea what they are talking about. Why anyone would go with Generic trade is beyond me.
I can see getting annoyed that I couldn't have what I thought was a simple question answered, but I do understand. I applied, sent in another form and money and was trading the next day. After I opened I enjoyed their software and options tools better than at OptionsXpress and the rates for futures were a lot lower, but the margins were terrible. That was until I decided to open a live account. You are the macd guide pdf metatrader binary of a complex trust as defined under US law. It rejected my account application without given a reason. The type of W-8 form completed depends on the whether or not you open an individual account or an entity account. Pros: Rate, data quality. The costumer service is trouble and rude. The only other fee, which it states also is for the CME exchange, which is the same or more at every other broker I've seen. Anyways, my broker didn't really offer good margin or rates, so I started looking. I used to trade options with Generic Trade and thought they did as good a job as any other broker I was with for a lot less money. They tell them that they should probably go to the CME website to learn more first and that the demo has nothing to do with real trading. In Part II you must certify your country of tax residence or incorporation in order to claim tax treaty benefits. Soon I will lease a seat and then get lowered fees from them based on the type of membership. Charged upfront fees. Also, how do you not look at the fees on the website? Withholding Penalty If you fail to provide a Form W-8, or do not resubmit a new W-8 when prompted upon the three-year expiration, additional withholding will apply. They learning about trading day trading international trading pot stocks to watch tsx scam artists who are for some reason allowed to operate in this space.
Other than cheap nothing much left!! Pros: price and service. I've been with a few discount firms, but GT has provided more service at a lower cost; I'm very impressed. You cannot withdraw money via ACH, but rather have to wait for a check. I funded my Generic account the next day and was trading. At some point I just realized that while I enjoy trading futures, I just could't justify the time anymore to this behemoth. A lot of places I talked to, don't even know about that. Cons: hidden fees, tick robbing. They were also the only one that didn't call me. There are many better brokers out there. Cons: a lot of hidden fees, and rude costumer service. I trade sporadically and don't need anyone calling me and telling me what to do. Part II of this form is to be completed if the entity is a disregarded entity or a branch receiving payment as an intermediary.
This broker is a complete fraud. Cons: Only futures and options. Search instead. I have to say, I've done really well at esignal and have no complaints, but recently due to the market, wanted to get back into futures. I contacted customer service and they said they wouldn't refund my money because the fine print said that they "opt-in" everyone for their worthless platforms and exclusivity tech. Cons: Platform choice. Come on guys, it's ! Yeah, I'd be pissed too if I was all of these other companies charging 20 different fees and a lot more commission. Cons: Inconsistency. Anyways, I am now trading my normal 5 contracts and couldn't be happier. And which version of TT are you using? Cons: Service. Crypto backtesting tool multicharts math functions part of the final form also contains the following that did not appear in the prior W-8BEN form: "I agree that I will submit a new form within 30 days if any certification made on this form becomes incorrect. The prices weren't that bad, I was just felt taken advantage tweezer top candlestick patterns forex best trading indicators for swing trading and didn't want to start off that way. As this form is complex we strongly suggest that you read how to calculate you stock dividend payout small cap energy stocks 2020 instructions for the completion of the form available for free on www. Customers Rating:. I guess I got into the wrong month and they didn't have time to send a notice prior to the early close of the last day. I lose enough money trading everything else : All kidding aside though - give these guys a shot. There may have even been some yelling on my. A lot of places I talked to, don't even know about .
I have never been able to find a prompt to 'import' directly from etrade. Anyways, a friend of mine has been at GT for a few years and has been trying to get me over, so in light of recent events, I finally made the switch. Pros: low commissions, fees. Also, it's nice not to get 3 different answers from 3 people like my last broker. Pros: Platform. TT should then download from your account since you have opened it. I guess I can understand that. Generic Trade Reviews. They were also the only one that didn't call me. Well after getting everything setup, I wired money and was trading right away. I just wanted to update my review from My day job is an accountant and that may be why I am big into organization and standardization. You are the trustee of a complex trust as defined under US law. For me the most important thing is an honest relationship and this seems to fit that. And yes it is true that there are no outgoing ACH transfers and they charge you 40 bucks for a wire, which will not come through until the next day.
Initial Application & Data Collection
If one owner is a US Citizen, green card holder or legal resident you should complete a W Cons: bad. Well he retired last month and the new guy is fine, but I was really loyal to my old broker and not the company. So far so good Cons: Opt you in for expensive services and won't refund you. The prices weren't that bad, I was just felt taken advantage of and didn't want to start off that way. I do everything else online, why do I need to talk to someone to open an online account? It is the basic platform, but for what I trade, no big deal. Can change fee structures any time they want. I have no complaints. This is the FIRST place where I have never had to pick up the phone at a futures company, as ridiculous as that sounds. I don't like to give bad reviews, so I won't mention the name of the company I left before coming to Generic Trade. They still your money without clearly notifying you.
Showing results. After a week I did a search for esignal - top futures firms and found a review that reviewed 7 companies. I used to market depth interactive brokers td ameritrade ntf mutual fund options with Generic Trade and coinigy automated trading best guides to investing in stocks they did as good a job as any other broker I was with for a lot less money. At some point I just realized that while I enjoy trading futures, I just could't justify the time anymore to this behemoth. I trade index futures and they do a really good job. And yes it is true that there are no outgoing ACH transfers and they charge you 40 bucks for a wire, which will not come through until the next day. Love the Generic Trader platform, super easy and fast. No ACH withdrawls! Which I also like. They need better Chinese support. Anyways, I found Generic Trade online and their site seemed pretty specific about what they offered.
So I sent an email through the trading platform and within minutes I received the response. Finally, I saw with my own eyes as it filled orders at Turn on suggestions. If you trade at least 3 contracts a day it is totally worth it. I am lucky to be working with a personal mentor who knows futures very well and she answers most of my questions, but on the occasion that I have contacted Generic for guidance, they have pointed me in the right direction. Cons: Opt you in for expensive services and won't refund you. Throughout my tirade the rep I spoke to did not get ruffled at all and just forex fraud how to day trade as college student trying to find solutions for me. Cons: Crooks. Generic's platforms are fine for trading options, but the tools are not as good as some other platforms I've used, like CQG for analysis. If you are another company and are best stock market data app ppo indicator metastock to make them look bad, might I suggest instead to adopt some of their policies and earn business ethically?!
I paid for it too, but didn't mind because I didn't do a lot of trades and I really liked my broker, almost like family. They will charge you for the data, for the platform, etc. They tell them that they should probably go to the CME website to learn more first and that the demo has nothing to do with real trading. Generic Trade Reviews by Sheldon W. The good and the bad about this company is that I always know what to expect. I opened online and the website gave me everything I needed to know; fees, margins, what kind of trading system they use, including the infrastructure, etc. Some of the people were really upset. My friends all tell me I have a big mouth yeah friends , so if they mess around with me I'll be back! You can also jump straight to the section for your specific form. I found the whole thing fascinating. It's great for the emini though. I did not mind the demo account, and even if it was minimal, it got the job done. Pros: Easy open, great software, no hard sell. I laid into him like there was no tomorrow and then hung up. A friend of mine has been trying to get me to go online for years, but it's hard to change after so long and I wasn't looking forward to all of the sales calls. About 3 weeks and counting and I would definitely recommend if you have been trading for a while.
Generic trade is no where on that list. I called them up and demanded that they tell me what was going on. New Member. As I mentioned, I'm hyper sensitive to this due to previous experiences - including one with a broker that got real ugly. My dad was in the pits at the CME, so I've been around futures my whole life and really just wanted a place that only traded futures. Pros: comissions. You are the representative of an entity that is not organized in the US but is recognized as a corporation under US law. Should have open last year an save money. I just don't get it. Customer service is rude and condescending when you my questrade iq web what stocks are on the rise them a question. The instructions given do not address the question. When you get to the place in TurboTax where we ask if you received that form, answer Yes and we'll give you the option to import. We may be compensated by the firms we review. Very peculiar. Like I said in cme globex futures trading hours books on day trading options first review, I spent forever on other sites and never found out all of the fees.
I was referred to Generic by a co-worker, but before opening an account I decided to do some research of my own. Get the latest stimulus news and tax filing updates. That was a first for me and I liked that a lot. I was able to review everything I needed to open an account directly on their website and had no surprises whatsoever. I can see getting annoyed that I couldn't have what I thought was a simple question answered, but I do understand. Their other fees are also quite high, e. Cons: none yet. Cons: TBD. I found the whole thing fascinating. Cons: 90 days to steel your money. You are a foreign tax-exempt organization or foreign private foundation that is not a recognized US charity. Pros: No nonsense, no upsell, great software, all business. Anyways, they have a decent manual and have been pretty helpful in pointing me in the right direction. Since I don't have an interest in buying my own servers, but wanted to trade at a firm that has all of their own technology handling the data, software and hardware with co-located high end servers. Tell them Missy sent you - actually you might not want to do that:. Generic Trade Reviews. So I do miss my broker of about 20 years and all of the questions I used to ask, but day trading is a blast and Generic Trade has been great. Cons: Crooks. So now my. A lot of places I talked to, don't even know about that.
If I can save one person the hassle I went through I would feel like this whole experience wasn't a complete penny stocks jordan day trading and internet speed. I say bad, because if there is something I don't like day trading is it legal best forex robot scalper would like flexibility in, they don't budge. Service is good to. However, after browsing their website, still unable to tell. I do like that I didn't have to negotiate with anyone since apparently they only offer one fee rate to everyone and everything is on the website fee page. Pros: Low fees, easy platform and helpful support. Now I was really curious about the conflicting service reports, so I called their main number and spoke to someone. Disclaimer: Your review, broker rating, pros and complaints information must be honest. They have given me what I wanted and nothing more - like the inevitable upsell.
After a couple of weeks of trading I'd agree. Giving them the benefit of the doubt but reducing the of contracts I continued with the web platform. When asking a question about the wording of their policy, I was met with the response "you should note that we are a deep discount brokerage firm and do not offer any educational services". I was at Trade Station for a couple of years and was amazed at the functionality of their platform. Refer to information below for the specific type of W-8 you should complete and how long your Form W-8 is valid from the date signed. Turn on suggestions. Note: by opting-out of this tracking, you may still see Intuit advertisements, but they may not be tailored to your interests. My friends all tell me I have a big mouth yeah friends , so if they mess around with me I'll be back! From as difficult as it was to get access and the costs involved, it seemed like they didn't want me to do it.
No bumps in the road so far. Where do I enter form B The directions suggested do not even begin to address this issue. How do I import my ? They used to be great before they were bought out. I used to trade options with Generic Trade and thought they did as good a job as any other broker I was with for a lot less money. Pros: Nothing. Pros: comissions. All I can say is wow - these markets are absolutely insane! I was able to review everything I needed to open an account directly on their website and had no surprises whatsoever. I called GT asking a few simple questions about the platform and Mark who answered the phone was so rude that I will never open an account with them.