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Last Updated: 04/18/2025

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Scottrade

in Brokerages from TD Bank

Last Updated: 04/18/2025

Scottrade logo
Rating not yet determined4 total votes
3 users are unsure
1 users don't recommend

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Highlights

Online Trade Fee

Starting at $6.95

Minimum Initial Investment

$2,500

Broker Assisted Trading Fee

Starting at $32

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Scottrade Review

Scottrade is offered by TD Bank, a bank founded in 1855 and based in Wilmington, DE. states.

Key Takeaways

    Scottrade FAQ

    What assets can you invest in on Scottrade?

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

    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.

    How much do you have to invest to open an account?

    The minimum investment to open an account with Scottrade is $2,500.

    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 is not a particularly feature-rich brokerage. It only offers 3 of the 20 we track.

    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:

    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...

    Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

    Contact

    Headquarters

    2035 Limestone Road
    Wilmington, DE 19808
    (800) 619-7283
    Visit Site

    Hours of Operation

    Sunday
    Closed
    Monday
    9:00AM - 5:00PM
    Tuesday
    9:00AM - 5:00PM
    Wednesday
    9:00AM - 5:00PM
    Thursday
    9:00AM - 5:00PM
    Friday
    9:00AM - 5:00PM
    Saturday
    Closed

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    Online Trade Fee

    $0

    Minimum Initial Investment

    $0

    Broker Assisted Trading Fee

    $25
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    SuperMoney Net Recommendation Score

    Not enough SuperMoney users have reviewed this product to provide a recommendation score or rating.

    -25

    -1000+100
    No one recommends
    Everyone recommends
    The recommendation score reflects customer satisfaction with a provider. A score of +100 means every customer recommends the provider, while -100 means none of them do. These scores are based entirely on community member votes and are not influenced by partner compensation. SuperMoney removes fake reviews when detected.

    Scottrade Community Reviews

    Would you recommend Scottrade to your friends?

    U

    Anonymous

    Jul 30, 2015

    May or may not recommend

    Scottrade provides a wide range of investment tools, which makes investing easy and profitable for you. I really like the fact that their educational tools are superior, and that their fees are extremely reasonable. I would recommend them to anyone who wants a solid brokerage platform.

    U

    Anonymous

    May 2, 2015

    May or may not recommend

    I've been wanting to dabble in international stock markets to see how that would work out for me, so I decided to give Scottrade a try. I'm glad I did. Not only have I been able to try international stocks, but I've taken advantage of their FRIP (Flexible Reinvestment Program), which means commission free trades that have a lot of potential.

    Mani K. avatar image

    Mani K.

    Aug 15, 2014

    May or may not recommend

    Scottrade also has several things that make it stand apart from other similar brokers. Their account set up is quick and easy, and they allow you to use an ACH deposit to transfer money to your account instantly. This feature is unique among online brokers and allows you to avoid having to wait days or even weeks before your funds appear in your account. Their minimum balance required to open ...Show More

    Benjamin A. avatar image

    Benjamin A.

    Mar 23, 2014

    May or may not recommend

    My experience with Scottrade has been quite positive. Their online interface is easy to navigate. Most importantly, all my trades have been executed smoothly (typically, I transact at-market or place limit orders). I have also had a great experience with Scottrade customer service. They proactively called me when I set up my account to make sure everything went smoothly. When I called customer support with questions, I experienced minimal time ...Show More

    Showing 4 of 4 reviews

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