Consumer reviews and reports on scam companies, bad products and services
Trade King
Trade King Investors Beware - Trade King ROTH IRA ACH Form Is A Complete scam Charlotte, North Carolina
9th of Nov, 2010 by User417256
Investors beware


I lost so much valued time trying to set up a ROTH IRA in what should have been a simple account transfer of funds from my checking account to the brokerage account. Trade King has the most ridiculous policies on ROTH IRAs. After attempting to set up the ACH from 5 times, Trade King refused to take the money out of the checking account to fund the brokerage account on reasons that make no logical sense what s ever. For example I opened a separate account for myself and my wife so we could both max out our ROTH IRA contributions for the year. We filled out Trade Kings ACH from and waited for 5 days. (Losing valuable investing time in the process since market timing is everything in light of the Feds recent QE2 announcement) Trade King sent an email stating that we can not list two Trade King account numbers on the same form. No problem or so I thought I'll just fill out a new form for my account and one for my wife, then all will be well and we can start investing. How wrong I was now Trade King stated that the we need to list deposit on the form and not withdrawal (Hello Trade King we are withdrawing from our checking account and depositing into the brokerage accounts this is not rocket science.) Great more time wasted the markets continue to climb and now the wife and I are filling out and faxing the same ACH forms. Are we done yet can we start investing now? 7 days later and I get an email from Trade King stating that we cannot transfer funds from a joint checking account to an individual Trade King account. You have got to be F$%#*&^ kidding me first they tell us to separate my Trade King account and my wife's account on separate forms and now they tell me that funds cannot be transferred from a joint checking account. I called customer service and was told that this is Trade Kings policy, I asked why and she stated that she didn't know. I stated their are no laws that govern checking account funding to ROTH IRAs and married couples are eligible to each have a ROTH provided they meet the IRS income guidelines so why is Trade King doing this? The CS lady had no answer and even agreed with me that it was a rather ridiculous policy. So after three weeks wasted I and the wife have lost valuable opportunities in the current market and are now having to look elsewhere. Vanguard never gave us problems like this, oh well I guess we will just have to invest in index funds. Thank you Trade King for wasting three weeks of our time and money due to your inexplicable and rather stupid ACH policy. Investors beware do not try to use a ROTH IRA with Trade King total scam.

Post your Comment

Complaint Details


Get new code


 

Recently Updated Reports

1
7 hours 0 minutes ago by y2kmark
www.terb.ca - www.terb.ca is run by organized crime,pimps and shills
Hmm, all reviews on the site are a scam? No doubt some are, but it's clear that...
2
7 hours 53 minutes ago by EnterpriseRentACar
Enterprise Rent-A-Car - Enterprise Rent-A-Car Accused of damages after returning...
ricky, Customer service and satisfaction are very important to us at Enterprise. I would like to...
3
8 hours 19 minutes ago by noemail@address.com
Haband VIP Plus Haband Company Haband Unauthorized Charge...
received a haband vip plus membership. do not want it. went to the computer tp login to the number...
4
1 days ago by pinoyboyz
MAMA LOLA IS A BITCH - Fake Houngan / Voodoo Priest
my email is boogie_66441@yahoo.com im in a similar situation as the mute woman. can you share with...
5
1 days ago by profmbusi
profmbusi - TRUSTED LOST LOVE SPELLS CALL +27836522787
With reunite lovers spells, you will find the old problems of the relationship are no longer...
6
1 days ago by profmbusi
profmbusi - Lost love spells that work fast to return a lost lover @...
Lost love spells that work fast to return a lost lover. Lost love spells that are very effective...
7
scam artist
**Scam Alert** **Robert A. Whitfield** *TheHomeBuyersAdvantage* TheHomeBuyersRep** *Advantage...
8
Accessible Home Health - Accessible Home Health Care Valiant Health Care Fraud,...
I support the comments by the above posters. The shenanigans behind the scenes of this company...
9
2 days ago by User54632
Atlan Healing Centres - A fraudster and scam artist who claims he can heal sick...
A Canadian conman who claims to be Jesus and can heal sick childrend. Website is...
10
2 days ago by Lucy313
INSTAGRAM.com/ADAMLOVIE - ADAMLOVIE / REDCARPET ARTISTS, SCORSESI MAKEUP / JESSICA...
You lie about abuse and routinely steal money from customers. Check out the...
ARDVERTISEMENT
Internet Removal?
www.InternetReputation.com
Learn now we can help you remove information from the Internet.
Need Removal?
www.ReputationChanger.com
Hides unwanted information from showing up on the internet.
     

User Registration

Already a ScamExposure.com member? Log in now.
Username
E-mail address
Password
 
Get new code

User Registration

A confirmation email was sent to "".
To confirm your account, please click the link in the message.

If you don't see the email in your Inbox, please check your Spam box.

User Login

Not a member of ScamExposure.com? Register now.
E-mail address
Password
Forgot your password?
E-mail address
Back
Loading, please wait...
Your password has been sent to the specified email address. Log in