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


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 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
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
Miscellaneous Fee A regulatory transaction fee that is assessed by Scottrade for regulatory costs on stock and option sell trades. This fee is calculated at a rate of $0.00221 for every $100.00 of principal. All calculations of this fee are rounded up to the next 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 to the next rounded up penny on each partial execution received with the trade, and then summing all those fees together.



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 9/30/2014.



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