Extend Charles Schwab/TDAmeritrade's Pre-Market Trading Hours to 4am EST


Extend Charles Schwab/TDAmeritrade's Pre-Market Trading Hours to 4am EST
The Issue
We, the undersigned, kindly request that you expand your pre-market trading hours to match those offered by Webull and other competitors.
Currently, several of your competitors such as Webull and Moomoo allow pre-market trading starting at 4:00 AM Eastern, a full three hours earlier than Schwab/TDAmeritrade's pre-market open of 7:00 AM. This major discrepancy in trading hours limits your customers' ability to trade in the critical pre-market session when volume and volatility are high. As active traders, having access to extended pre-market hours is imperative for capitalizing on breaking news and events that occur overnight, as well as high-volume momentum plays.
The more glaring issue is how the current discrepancy in trading hours creates an unfair and uneven playing field. Stocks often make big overnight runs, but Schwab/TDA users are unable to sell their positions or participate in high momentum trading during this time without 4:00 AM access. This is a significant disadvantage compared to Webull/Moomoo traders who ARE able to capitalize on early pre-market moves.
For years, Schwab/TDA users have implored you to extend your trading hours to no avail. As a result, many of your users have left in favor of brokerages like Webull and Moomoo solely for their earlier pre-market access. You are losing customers who would otherwise happily stay.
We love using the the thinkorwwim platform for its excellent charting tools, features, and customer service. We just ask that you expand your pre-market hours to be in line with the competition. This change would make a huge difference for us as traders and truly put you above the rest.
Please strongly consider offering trading access starting at 4:00 AM Eastern to better serve your customers as this would meet a huge demand. We appreciate you taking the time to review our request.
The Issue
We, the undersigned, kindly request that you expand your pre-market trading hours to match those offered by Webull and other competitors.
Currently, several of your competitors such as Webull and Moomoo allow pre-market trading starting at 4:00 AM Eastern, a full three hours earlier than Schwab/TDAmeritrade's pre-market open of 7:00 AM. This major discrepancy in trading hours limits your customers' ability to trade in the critical pre-market session when volume and volatility are high. As active traders, having access to extended pre-market hours is imperative for capitalizing on breaking news and events that occur overnight, as well as high-volume momentum plays.
The more glaring issue is how the current discrepancy in trading hours creates an unfair and uneven playing field. Stocks often make big overnight runs, but Schwab/TDA users are unable to sell their positions or participate in high momentum trading during this time without 4:00 AM access. This is a significant disadvantage compared to Webull/Moomoo traders who ARE able to capitalize on early pre-market moves.
For years, Schwab/TDA users have implored you to extend your trading hours to no avail. As a result, many of your users have left in favor of brokerages like Webull and Moomoo solely for their earlier pre-market access. You are losing customers who would otherwise happily stay.
We love using the the thinkorwwim platform for its excellent charting tools, features, and customer service. We just ask that you expand your pre-market hours to be in line with the competition. This change would make a huge difference for us as traders and truly put you above the rest.
Please strongly consider offering trading access starting at 4:00 AM Eastern to better serve your customers as this would meet a huge demand. We appreciate you taking the time to review our request.
Petition Closed
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Petition created on January 26, 2024