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Scottrade
Would you recommend Scottrade to your friends?
| Community Rating |
Rating not yet determined |
| Online Trade Fee | Starting at $6.95 |
| Minimum Initial Investment | $2,500 |
| Broker Assisted Trading Fee | Starting at $32 |
Scottrade Review
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Scottrade is offered by TD Bank savings accounts, a bank founded in 1855 and based in Wilmington, DE.
This brokerage is a good choice for frequent traders who are looking for a fast platform with low costs that includes tools designed for day traders.
Scottrade FAQ
What assets can you invest in on Scottrade?
Scottrade gives users access to a wide selection of investment choices. These include:| The Good | The Bad |
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What trading fees does Scottrade charge?
The online trading fees for Scottrade are below the average ($8.90) for online brokerages. However, there are other fees to consider.
| Trading Fees | Amount |
|---|---|
| Online Trade Fee | $6.95 |
| Broker Assisted Trading Fee | $32 |
| ETF Trade | $6.95 |
| Returned Deposit Fee (International) | $25 |
| Outgoing International Bank Transfer Fee | $40 |
How much do you have to invest to open an account?
The minimum investment to open an account with Scottrade is $2,500.
What is the minimum amount to open a margin account?
A margin account allows investors to borrow cash by using the securities and cash invested in the brokerage as collateral. Scottrade offers investors this service but the minimum amount is $2,000.
What margin rates does Scottrade offer?
Scottrade offers a margin rate that ranges from 5.25% up to 8%.
What brokerage features does Scottrade offer?
Scottrade provides users with a variety of tools. These include:
| Supported Options | Unsupported Options |
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What research tools does Scottrade offer investors?
Scottrade is not only a brokerage. It's also an investment analysis platform that provides a wide selection of research tools. These include:
| Supported Options | Unsupported Options |
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Contact
- Headquarters
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2035 Limestone Road
Wilmington, DE 19808 USA - (800) 619-7283
- Visit Site
- Email Support
Other Services by TD Bank
Feature Breakdown
| IRA Closure Fee | $0 |
| Paper Statement Fee | $2 |
| Returned Deposit Fee (Domestic) | $25 |
| Returned Deposit Fee (International) | $25 |
| Wire Transfer Fee - Domestic (Incoming) | $0 |
| Wire Transfer Fee - Domestic (Outgoing) | $25 |
| Wire Transfer Fee - International (Incoming) | $0 |
| Wire Transfer Fee - International (Outgoing) | $40 |
Scottrade Community Reviews
Would you recommend Scottrade to your friends?
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