Sharebuilder has taken my 3 deposits totaling $6600 for investing and turned it into a debit balance due to something called margin trading.
I was told over the phone by one of their supervisors what that was. They knew I was brand new and they wanted me to try margin. They gave me money to use to buy stocks and I was to pay it back if the stock hit zero otherwise just pay 9% a year on what I borrowed. Sounded good to me.
Well my stock went down big time and then I was being emailed every day to send them more money. I cashed out $1548!!!! because of them I lost basically everything and didnt understand why-
I spent over an hour on the phone with their margin person and they are not taking any responsibility.
I asked if I could read about this and he said he would tell me everything.
I went on his info. They should be held accoutable for this. I wanted half of my money back from them.
They have ignored me for over a month now. I charged back 2 deposits and they in return went into my bank account and pulled the $1548 back.
They said that I owe them $2800 now- I am telling them that they owe me $650 but I will be happy to just walk away from the whole thing.
These people are dirty- I signed nothing, I agreed to nothing with margin. They just put it in my account and went over it with me on the phone.
STay away from these folks-
Every stock that I bought was always off by at least .10 I had a real time quote from another website and I always got ripped on my stock prices as well.
These people are dirty. Hopefully they will take responsibility.