What You Don't Know About E*Trade Financial Complete Investment Account | Ramblings of an e-trader

Wednesday, 16 May 2007

What You Don't Know About E*Trade Financial Complete Investment Account

Well, you may already know that I put in an application for E*Trade Financial's Complete Investment Account. I did a semi-extensive research on the internet and every one was saying that it works wonderfully for them for their purpose, which is of course also my purpose but I shall not disclose over here.

Anyway, it is stated in the form that one has to deposit USD1000 in the account but in fact, may people said tat they do not have to do it. Moreover, when thy requested for the Platinum debit card to be shipped via FedEx, they were told that it will cost USD20 but this sum was not deducted from their account. And although it is said t cost MYR10 per withdrawal from the local ATM, this sum is often reimbursed. How true all these are I do not know until my application is actually approved. Do note that they may restrict some accounts, although approved, because they want to make sure that all accounts are genuine.

After I sent in my application, though, I read that E*trade Financial MAY close our accounts if after more than a year they find that we are not using the account to trade in stocks. Oh well, we'll cross that bridge when it comes.

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