Scottrade

Scottrade review 2010

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 Account Application

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 Trading Tools Review

Scottrade review

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.


Scottrade Account Pros/Advantages

  • 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


Scottrade Account Drawbacks/Disadvantages

  • 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:


Scottrade



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