Scottrade Review

Broker Review

 

Special Offer: Access over 500 local branch offices - Learn More

Likes - Over 500 local branch offices; responsive and quality customer service; strong focus on education.

Dislikes - Uses separate platform provided by OptionsHouse for advanced options trading; Basic platform offers limited tools.

Bottom Line - Scottrade offers clientele reliable and personable relationships but limits itself in its overall platform offerings and middle of the road pricing.

Scottrade is a financial service provider with a comprehensive online stock trading platform for its investors. They offer their low cost commissions on three different trading platforms: Scottrade, Scottrade Elite, and Scottrade OptionsFirst. Scottrade has over 500 branch offices throughout the United States and has had a consistent track record of being recognized as an industry leader by several different publications and rating groups.

Commission Notes

Scottrade is an online broker with a very straightforward pricing structure.

Stock Trades - All stock trades are $7 per trade with no limits on the number of shares traded. For stocks priced under $1, an additional .5% fee of the principal value will be added to the $7 base commission rate.

Options Trades - Options trades cost just $7 + $1.25 per contract.

Mutual Funds - Mutual funds cost $17.00 per trade. Additional fees may apply depending on the fund.

International Trading - Scottrade also offers trading services for China through the Chinese version of its website.

Scottrade was reviewed by StockBrokers.com on 2012-01-25 with an overall rating of 3 Stars.

Trade Platform

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