Scottrade Review

4.5-star brokerage firm rating

Scottrade Fees Schedule, IRA Accounts Rates, Margin Interest Rates, Cash Sweep, Stock Trading Costs, ACAT Fee in 2014

Scottrade Fees, Trading Commission Structure, and Investment Products

Stocks and ETFs $7
Stocks and ETFs broker assisted $32
Stocks and ETFs interactive voice response (IVR) telephone system $32
Options $7 + $1.25 per contract
Mutual funds 3,000+ commission-free NTF funds, $17 for others
CDs, OTC Secondary Corporates, OTC Secondary Municipals,
U.S. Treasury Bills, Notes, Bonds and STRIPS, New Corporate Offerings
subject to a markup or markdown
Listed Corporate Bonds $35 + $3 per bond (minimum investment $1,000)
Unit Investment Trusts (UIT) $50 liquidation fee
Foreign Stocks Transferring In or Out $60 per transaction

Investments stocks, options, mutual funds, CDs, munis, U.S. Treasury, Canadian and foreign stocks, ETFs
Scottrade minimum deposit to open account $500

Fixed Income Fees and Minimum Investment Amounts

Product Fee Minimum Investment Increments
Certificates of Deposit Scottrade Acts as Principal* $5,000 $1,000
OTC Secondary Corporates Scottrade Acts as Principal* $5,000 $1,000
OTC Secondary Municipals Scottrade Acts as Principal* $5,000 $5,000
U.S. Treasury Bills, Notes, Bonds and Strips Scottrade Acts as Principal* $5,000 $1,000
New Corporate Offerings Scottrade Acts as Principal* $5,000 $1,000
Listed Corporate Bonds $35 fee + $3 per Bond $1,000 $1,000
Unit Investment Trusts(UIT) $50 Liquidation Fee Check UIT prospectus None

* When Scottrade acts as a principal, the bonds will be subject to a markup or markdown.

Scottrade Foreign Stocks Fees

Service Price
Transferring In or Out $60 per transaction
Depositing $250 per certificate
Issuing a Physical Certificate $250 per certificate

Scottrade Margin Interest Rates

Debit Balance Margin Rate
$0.01 - $9,999.99 7.75%
$10,000.00 - $24,999.99 7.50%
$25,000.00 - $49,999.99 7.25%
$50,000.00 - $99,999.99 6.75%
$100,000.00 - $249,999.99 6.50%
$250,000.00 - $499,999.99 6.25%
$500,000.00 - $999,999.99 5.75%
above $1,000,000.00 5.25%

Scottrade Cash Sweep Interest Rates

Free Credit Balance Interest Rate & APY
$0.01 – 4,999.99 0.01%
$5,000.00 - 9,999.99 0.01%
$10,000.00 - 24,999.99 0.01%
$25,000.00 - 99,999.99 0.01%
$100,000.00 - 249,999.99 0.02%
$250,000.00 - 499,999.99 0.03%
$500,000.00 - 999,999.99 0.04%
$1,000,000.00 and Greater 0.05%

Scottrade Miscellaneous Fees

Service Fee
Account transfer out (ACAT) $75
Mailed confirmation to an Internet account $1
Mailed statement to an Internet account $2
Duplicate historical confirmation $2
Duplicate historical statement $3
Overnight delivery $20
Returned checks $20
Notices, such as Sell out or Buy in $20
Wire funds out domestic/international $20/$40
Voluntary reorganizations $25
Legal items $25
Cashless Stock Options Processing Fee $50
(Plus applicable Commission and Margin interest)
Merger/Redemption deposit of old stock certificate $90
Regulatory Transaction Fee $.00169 per $100 of sales proceeds
DTC certificate deposit rejection due to stop transfer/certificate replacement $125
ADR Fee passed on from issuing/managing bank Typically $.00 to $.05 per share

Scottrade Incentive, Review and Website Link

Read full Scottrade Review.

Scottrade incentive: $100 in Transfer Fees Refunded. No set-up fees. No Annual Fees.

Scottrade fees are as of 2014 and are subject to change. For the most recent information visit their website:

Scottrade Review

This article was updated on 02/10/2014.

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