|
|
Scottrade review 2010
High customer satisfaction rating and no fees
|
Scottrade Commissions and Investment Products Offered (2010)
- $7 per stock trade
- Options: $7 plus $1.25 per contract
- Mutual Funds: 2,800+ free. $17 for all other mutual funds
- Investment products: stocks, options, mutual funds, CDs, munis, Canadian stocks, ETFs
Scottrade offers flat rate $7 trading commission for stocks over $1. But what we really like are over 2,800
no transaction (free) mutual funds, which allows mutual fund investors invest for free.
Scottrade made the account opening process easy and painless. Their Money Direct feature allows you to
instantly transfer cash from your checking account. Minimum to open account is a reasonable $500.
Scottrade.com boast award-winning trading tools. You could trade from the website as well
as from fully customizable, stand-alone application called ScottradeELITE. ScottradeELITE is an advanced, professional
trading platform for active traders with an account balance of at least $25K. Also, trade
from your hand-held device using Scottrade Mobile Trading Site.
- No inactivity or account maintenance fees
- No-fee IRAs
- Highest customer satisfaction according to JD Power and Associates
- 400+ local branches
- Great support for beginner investors
- Margin rates are among lowest of national online brokers
- Online community
- No ACAT fee
- Only $500 minimum to open account
- Extra ½% of the principal value commission for stocks under $1
- No dividend reinvestment
Scottrade Review Summary
Scottrade is one of the veterans of the discount stock trading -- a solid, well-established company that
has been around for over 30 years. The firm has $7 flat rate commissions (with exception for penny stocks).
We ranked Scottrade #1 among Top Brokerage Firms.
Scottrade keeps customers happy by avoiding unnecessary fees
for things like IRAs, maintenance or account
inactivity. It's also the only firm that does not charge account closing and transfer
(ACAT) fee. Scottrade
is a leader in customer service and investor satisfaction according to JD Power and Associates.
Scottrade is an excellent choice for beginner investors, those who invest in mutual funds, and
long-term "buy and hold" investors (mainly because of no account inactivity charges).
No-fee IRAs make Scottrade one of the
top IRA brokerage firms.
Because Scottrade is a stable, seasoned brokerage firm with a good reputation, it is also
the natural choice for people who don't trust their money with newer companies but
also don't want to pay $10+ for trades (with multiple fees!) with other established brokers.
Click Link Below To Check Scottrade Website For Promotion:
|
|