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  Scottrade

Out of Business

Scottrade

in Brokerages from TD Bank

Out of Business

Scottrade

in Brokerages from TD Bank

SuperMoney Net Recommendation Score -25% Recommendation score measures the loyalty between a provider and a consumer. It's at +100% if everybody recommends the provider and at -100% when no one recommends.

Mostly not recommended

0 users recommend
3 users are unsure
1 user doesn't recommend
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Highlights
Highlights
Community Rating Mostly not recommended
Online Trade Starting at $6.95
Minimum to Open Account $2,500
Margin Rate 5.25% - 8%
Broker Assisted Trading Fee Starting at $32

Scottrade Review

Where is Scottrade based?

Scottrade is a brokerage based in Wilmington, DE. Founded in 1855, Scottrade is a good option for experienced traders who require additional research tools and more advanced reports.

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.

What assets can you invest in with Scottrade?

Scottrade gives users access to a wide selection of investment choices. These include:

Scottrade Investment Options
Supported Options Unsupported Options
  • Stocks
  • Options
  • Bonds
  • Mutual Funds
  • Futures
  • International Stocks
  • Pink Sheets / OTCBB
  • Cryptocurrencies
  • FOREX
  • Real Estate
  • Marketplace Loans
  • Startups
  • What trading fees does Scottrade charge?

    The online trading fees of Scottrade are below the average ($8.90) for online brokerages. However, there are other fees to consider.

    Scottrade Fees
    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:

    Scottrade Brokerage Features
    Supported Options Unsupported Options
  • Online Live Chat
  • Broker Assisted Trades
  • No Fee IRAs
  • No-Commission ETFs
  • Retail Locations
  • Advisor Services
  • Declines Payment for Order Flow (Equities)
  • Declines Payment for Order Flow (Options)
  • Dividend Reinvestment
  • Automated Trading Strategy
  • Real Time Quotes
  • Automated Trading Strategy
  • Account Transfer Fee Reimbursement
  • 24/7 Support
  • 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:

    Scottrade Research Tools
    Supported Options Unsupported Options
  • ETF Top 10 Holdings
  • Historical Performance Analysis
  • Live Seminars
  • Mutual Funds Analysis
  • Account Transfer Fee Reimbursement
  • Webinars
  • Fund Prospectus Access
  • Global Markets Analysis
  • Insider Transactions
  • Mutual Bonds Analysis
  • Past Earnings Reports
  • Portfolio Allocation
  • SEC Filings
  • Social Sentiment Analysis
  • Stock Metric Comparisons
  • SUPERMONEY Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

    Feature Breakdown

    Wire Transfer Fee - International (Incoming) $0
    Wire Transfer Fee - Domestic (Incoming) $0
    IRA Closure Fee $0
    Online Trade Starting at $6.95
    Paper Statement Fee $2
    Returned Deposit Fee (Domestic) $25
    Wire Transfer Fee - Domestic (Outgoing) $25
    Wire Transfer Fee - International (Outgoing) $40
    Returned Deposit Fee (International) $25
    ETF Trades Starting at $6.95
    Margin Rate 5.25% - 8%
    Broker Assisted Trading Fee Starting at $32
    Minimum to Open Account $2,500
    Minimum Margin Account $2,000
    Research and Reports  
    Dividend Reinvestment  
    Brokerage Features
    • Email Support
    • Mobile Trading
    • Online Banking
    • Online Live Chat
    • Phone Support
    • Trading Platform
    Research Tools
    • ETF Top 10 Holdings
    • Fixed Income
    • Historical Performance Analysis
    • Live Seminars
    • Mutual Funds
    • Pink Sheets / OTCBB
    • Retirement
    • Stocks
    • Third Party Ratings
    • Webinars
    Investor Type
    • Beginner Traders
    • Advanced Traders
    • Frequent Traders
    • High Balance Investors
    • Long-Term Investors

    Scottrade Community Reviews

     
     

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