Scottrade Review




Scottrade Fees Schedule, IRA Accounts Rates, Margin Interest Rates, Cash Sweep, Stock Trading Costs, ACAT Fee in 2016



Scottrade Fees, Trading Commission Structure, and Investment Products


InvestmentsCommissions
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 $17
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

Investments stocks, options, mutual funds, CDs, munis, U.S. Treasury, Canadian and foreign stocks, ETFs
Scottrade minimum deposit to open account $2,500 ($0 for IRA accounts)
Promotion and login linksScottrade login, Scottrade promotions



Fixed Income Fees and Minimum Investment Amounts


Product Fee Minimum Increments
CDs, New Corp Offers, OTC Secondary Corp, Treasury Investments 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
Listed Corporate Bonds $35 + $3 per bond $1,000 $1,000
Unit Investment Trusts $50 Liquidation Check UIT prospectus None

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




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 0.01%
$250,000.00 - 499,999.99 0.01%
$500,000.00 - 999,999.99 0.01%
$1,000,000.00 and Greater 0.01%



Scottrade Miscellaneous Fees


Service Fee
Mailed Confirmation to an Internet Account $1
Mailed Statement to an Internet Account $2
Duplicate Historical Confirmation $2
Duplicate Historical Statement $3
Special Requests and Overnight Delivery $25
Returned or Stop Payments $25
Wire Funds Out Domestic/International $25/$40
Outgoing Full Account Transfer $75
Mandatory Reorganizations $20
Voluntary Reorganizations $25
Worthless Security Removal Fee $7
Research (Account history) Fee $20 per hour ($20 minimum)
Legal items $75 (minimum)
Cashless Stock Options Processing Fee (Plus applicable commission and margin interest) $50
Pre-Reorganization Certificate Deposit $90
DTC Certificate Deposit Rejection Due to Stop Transfer/Certificate Replacement $125
ADR Fee Passed on from Issuing/Managing Bank Up to $0.10 per share
Dissenter’s Rights Fee $600
Sell-out and Buy-in Notices $25
Real-time streaming quotes for professional subscribers* $135 per month, per user
Trading Activity Fee Equities**** $0.000119/ share sold. Options $0.002/ contract sold
Trade Ideas™* $15/ month
NASDAQ Level II Quotes** $10/ month
Administrative Research $20 minimum
ADR Issuer Fee $0.005-$0.05/ share
Regulatory Transaction Fee***** $0.00184 (per $100 of stocks and options sold)


*Scottrade and Trade-Ideas™ are separate companies and the information provided by Trade-Ideas™ should not be attributed to Scottrade. Please research any product or service carefully before making a purchase.

**NASDAQ Level II Quotes are provided through a third party vendor. Third-party websites, research, and tools are from sources deemed reliable. Scottrade does not guarantee accuracy or completeness of the information and makes no assurances with respect to results to be obtained from their use.

***A $2,500 minimum equity balance must remain in the account; otherwise the $75 full transfer fee will apply.

****A regulatory transaction fee that is assessed by Scottrade for certain FINRA regulatory costs on stock and option sell trades. All calculations of this fee are truncated to the penny (i.e. $0.01 increments). If your confirmation indicates that an average price was received, the fee amount shown is determined by first calculating the fee, then summing all those fees together and truncating to the penny. In certain cases this fee is capped at a maximum rate.

*****A Regulatory Transaction Fee that is assessed by Scottrade for certain regulatory costs on stock and option sell trades. Calculations of this fee are truncated to the penny (i.e. $0.01 increments). If your confirmation indicates that an average price was received, the fee amount shown is determined by first calculating the fee, then summing all those fees together and truncating to the penny.



Scottrade Incentive, Review and Website Link


Read full Scottrade Review.

Scottrade incentive: Get up to $2000 when you open new account or add funds to existing account.

Scottrade fees are as of 2016 and are subject to change. For the most recent information visit their website:


Scottrade Review

Updated on 1/27/2016.




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