Stock Broker Reviews



Scottrade


Best Brokerage 2010

Scottrade - best discount online brokerage firm in 2010




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


Trading Platform

Scottrade review

Scottrade.com boasts Money Magazine 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.


Pros

  • 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


Cons

  • Additional 0.5% of the principal value commission for stocks under $1


Summary

Scottrade is the veteran discount stock broker. It is a solid, well-established firm with flat rate trading commissions. We ranked it #1 among Top Brokerage Firms in 2010.

Scottrade keeps customers happy by avoiding unnecessary fees for things like IRA accounts, maintenance or account inactivity. The firm 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. Free IRA accounts 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 and multiple fees with other established brokers.


Check Scottrade Website For Promotion:

Scottrade


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