Stock Broker Reviews


Scottrade



Scottrade IRA review - best brokerage for IRA account in 2010



IRA Commissions

  • Stocks and ETFs: $7
  • Options: $7 plus $1.25 per contract
  • Mutual Funds: 2,800+ for free, $17 for all others
  • Investment products: stocks, options, mutual funds, CDs, munis, Canadian stocks, ETFs
  • Minimum to open account: $500
  • All Scottrade fees

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 lets mutual fund investors invest for free.


Trading Tools

Scottrade review

Scottrade.com boasts SmartMoney magazine award winning trading tools: advanced trading platform, streaming quotes and professional options trading platform.


Scottrade IRA Advantages


  • No inactivity, account maintenance or hidden fees
  • No-fee IRAs
  • Highest customer satisfaction according to JD Power and Associates
  • 450+ local branches
  • Great support for beginner investors with massive amount of educational resources
  • Margin rates are among lowest of national online brokers
  • Online community
  • No ACAT fee
  • Only $500 minimum to open account


Scottrade IRA Review


Scottrade's IRA account is excellent for beginner investors, those who invest in mutual funds, and long-term, "buy and hold" investors (because of no inactivity fees). There are over 2,800 free mutual funds available at Scottrade. Since Scottrade is a well-established, seasoned brokerage firm with a very good reputation, it is often used by people nervous about opening their retirement investment account at the newer companies. The firm also offers something few other stock brokers can - over 400 branches you could visit in person.

Scottrade has no IRA setup, annual and inactivity fees. The firm is consistently rated at the top in customer service and investor satisfaction. You could open account with just $500.


Try Scottrade IRA
Scottrade



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