Tax Season is Here! Save 15% on H&R Block Online
iconAll times are GMT -4. The time now is 02:38 PM. | Search:

» StockRants Stock Forum » General Forums » Traders Lounge » DID MY BROKER RIP ME OFF



Reply
 
Thread Tools Search this Thread
Old 05-29-2009, 03:36 PM   Nav to Top  #1
suhel
VIP Trader
 
suhel's Avatar
 
Join Date: Apr 2009
Location: london
Posts: 21
Rep Power: 150
Reputation: 573
suhel is a name known to allsuhel is a name known to allsuhel is a name known to allsuhel is a name known to allsuhel is a name known to allsuhel is a name known to all
Default DID MY BROKER RIP ME OFF

I BOUGHT SOME HEB FROM SELF TRADE,

HE PUT ME ON HOLD, GOT BACK AFTER 5 MINS

THEN THEY OFFERED ME PRICE AT 1.75

TOLD HIM CURRENTLY AT 1.65, WHY THIS HIGH

HE SAID ITS A MID PRICE

STILL ENDED UP BUYING, BUT DID THEY RIP ME OFF
suhel is offline   Rate this post Yes | No Reply With Quote
Old 05-29-2009, 03:49 PM   Nav to Top  #2
vsawri
UberTrader
 
vsawri's Avatar
 
Join Date: Apr 2009
Location: Brooklyn Center
Posts: 134
Favorites: LVS AZ HUN KV.A
Rep Power: 249
Reputation: 2905
vsawri has a reputation beyond reputevsawri has a reputation beyond reputevsawri has a reputation beyond reputevsawri has a reputation beyond reputevsawri has a reputation beyond reputevsawri has a reputation beyond reputevsawri has a reputation beyond reputevsawri has a reputation beyond reputevsawri has a reputation beyond reputevsawri has a reputation beyond reputevsawri has a reputation beyond repute
Send a message via MSN to vsawri Send a message via Yahoo to vsawri
Default

why would you buy it from them at 1.75 if the ticker is ticking away around 1.65?

Originally Posted by suhel View Post
I BOUGHT SOME HEB FROM SELF TRADE,

HE PUT ME ON HOLD, GOT BACK AFTER 5 MINS

THEN THEY OFFERED ME PRICE AT 1.75

TOLD HIM CURRENTLY AT 1.65, WHY THIS HIGH

HE SAID ITS A MID PRICE

STILL ENDED UP BUYING, BUT DID THEY RIP ME OFF
vsawri is offline   Rate this post Yes | No Reply With Quote
Old 05-29-2009, 03:54 PM   Nav to Top  #3
Mac
UberTrader
 
Mac's Avatar
 
Join Date: Apr 2009
Location: Nowhere, Land
Posts: 250
Rep Power: 296
Reputation: 3940
Mac has a reputation beyond reputeMac has a reputation beyond reputeMac has a reputation beyond reputeMac has a reputation beyond reputeMac has a reputation beyond reputeMac has a reputation beyond reputeMac has a reputation beyond reputeMac has a reputation beyond reputeMac has a reputation beyond reputeMac has a reputation beyond reputeMac has a reputation beyond repute
Default

It sounds like your broker is playing the spreads, and ripped you off for 0.10 per share....that sucks. (unless they have some fee that you're not aware of..) sorry to hear that.

I'd file a complaint with the SEC (or UK equivalent).
__________________
-Mac

p.s. remember, it can always go lower, unless it's already at zero.
Mac is offline   Rate this post Yes | No Reply With Quote
Old 05-29-2009, 06:48 PM   Nav to Top  #4
suhel
VIP Trader
 
suhel's Avatar
 
Join Date: Apr 2009
Location: london
Posts: 21
Rep Power: 150
Reputation: 573
suhel is a name known to allsuhel is a name known to allsuhel is a name known to allsuhel is a name known to allsuhel is a name known to allsuhel is a name known to all
Thread Starter
Default

NO CHOICE ONLY BROKER I AM USING, LAST WEEK I RECKON HE DID THE SAME
PRICE WENT ALL THE WAY DOWN TO 1.11WHILE I WAS ON THE PHONE TO BUY MORE SHARES ASKED HIM TO GIVE ME THAT PRICE, THEN GOT TO 1.23 THIS PRICE WAS STABLE ON 1.23 HE STILL GAVE ME ASKING PRICE 1.35, BOUGHT 3000K

AGAIN RIPPED ME OFF

HOW DO YOU COMPLAIN TO SEC

THESE GUYS ARE SELFTRADE
suhel is offline   Rate this post Yes | No Reply With Quote
Old 05-29-2009, 06:55 PM   Nav to Top  #5
vsawri
UberTrader
 
vsawri's Avatar
 
Join Date: Apr 2009
Location: Brooklyn Center
Posts: 134
Favorites: LVS AZ HUN KV.A
Rep Power: 249
Reputation: 2905
vsawri has a reputation beyond reputevsawri has a reputation beyond reputevsawri has a reputation beyond reputevsawri has a reputation beyond reputevsawri has a reputation beyond reputevsawri has a reputation beyond reputevsawri has a reputation beyond reputevsawri has a reputation beyond reputevsawri has a reputation beyond reputevsawri has a reputation beyond reputevsawri has a reputation beyond repute
Send a message via MSN to vsawri Send a message via Yahoo to vsawri
Default

:-( there's no other online brokerages available to you ? should just use something on the top 5 list. i'd get rid of broker fast if they started messen with me like that...

Originally Posted by suhel View Post
NO CHOICE ONLY BROKER I AM USING, LAST WEEK I RECKON HE DID THE SAME
PRICE WENT ALL THE WAY DOWN TO 1.11WHILE I WAS ON THE PHONE TO BUY MORE SHARES ASKED HIM TO GIVE ME THAT PRICE, THEN GOT TO 1.23 THIS PRICE WAS STABLE ON 1.23 HE STILL GAVE ME ASKING PRICE 1.35, BOUGHT 3000K

AGAIN RIPPED ME OFF

HOW DO YOU COMPLAIN TO SEC

THESE GUYS ARE SELFTRADE
vsawri is offline   Rate this post Yes | No Reply With Quote
Old 05-29-2009, 08:56 PM   Nav to Top  #6
fherrada
UberTrader
 
fherrada's Avatar
 
Join Date: Apr 2009
Location: Sparta, Georgia
Posts: 163
Favorites: CNFO, CTIC, CAST
Rep Power: 206
Reputation: 1793
fherrada has a brilliant futurefherrada has a brilliant futurefherrada has a brilliant futurefherrada has a brilliant futurefherrada has a brilliant futurefherrada has a brilliant futurefherrada has a brilliant futurefherrada has a brilliant futurefherrada has a brilliant futurefherrada has a brilliant futurefherrada has a brilliant future
Send a message via Yahoo to fherrada
Default

No TDAmeritrade in the UK?? If not this is too bad cause they have not gaven me any problems, i actually get a better price sometimes!!
__________________
Before doing battle, in the temple one calculates and will win, because many calculations were made." Sun Tzu
fherrada is offline   Rate this post Yes | No Reply With Quote
Old 05-30-2009, 09:06 AM   Nav to Top  #7
VicVan
UberTrader
 
VicVan's Avatar
 
Join Date: Apr 2009
Location: London
Posts: 666
Favorites: ANTO, GE, XL
Rep Power: 319
Reputation: 4102
VicVan has a reputation beyond reputeVicVan has a reputation beyond reputeVicVan has a reputation beyond reputeVicVan has a reputation beyond reputeVicVan has a reputation beyond reputeVicVan has a reputation beyond reputeVicVan has a reputation beyond reputeVicVan has a reputation beyond reputeVicVan has a reputation beyond reputeVicVan has a reputation beyond reputeVicVan has a reputation beyond repute
Default

Hi

HEB has a very wide spread. Like GGG - price shows 3, but sell price is 2.75 and buy price is 3.25. Massive massive spread. You buy in at 3.25 and automatically make a 0.5 LOSS....

Check the bid and ask price. Charts / live pricing always show the mid price. He still MAY be ripping you off though, simply but allocating other buys in before you, hence price moves up during that phone call, or he holds it at an slightly older price)
__________________
Always do your own research and make up your own mind on any stock. Top investors follow themselves, sheep get slaughtered. Any tip, suggestion or comment posted by me is simply a suggestion / prompt for you to make up your own mind. No liability will be accepted. Its not a professional view, its a suggestion. Shares go up and down. Always spread your investments, always set your stops both up and down. If shorting or Futures investing, know what your doing. You cant beat the sharks, but you can swim on their back. Trade lucky.
VicVan is offline   Rate this post Yes | No Reply With Quote
Old 11-27-2009, 03:55 AM   Nav to Top  #8
jacovsamuel
Trader
 
jacovsamuel's Avatar
 
Join Date: Nov 2009
Location: carlifornia
Posts: 30
Rep Power: 122
Reputation: 10
jacovsamuel is on a distinguished road
Default

Originally Posted by VicVan View Post
Hi

HEB has a very wide spread. Like GGG - price shows 3, but sell price is 2.75 and buy price is 3.25. Massive massive spread. You buy in at 3.25 and automatically make a 0.5 LOSS....

Check the bid and ask price. Charts / live pricing always show the mid price. He still MAY be ripping you off though, simply but allocating other buys in before you, hence price moves up during that phone call, or he holds it at an slightly older price)
A very Nice Post.......
jacovsamuel is offline   Rate this post Yes | No Reply With Quote
Reply

Similar Threads
Thread Thread Starter Forum Replies Last Post
Etrade Fee's Detail (Etraders Please Rate This Broker!) trants Online Brokers 5 05-22-2009 05:44 AM


Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On