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 for a cash account, $2,000 for a margin account



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: Get up to $100 in transfer fees reimbursed when you move your account to Scottrade.

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.



Related articles

Ameritrade review
Please share us with your friends





Online broker promotions:
Copyright ©2009-2014 Brokerage-Review.com. All rights reserved.
The stock brokerage firm you select is solely responsible for its services to you, the user. Brokerage-Review.com shall not be liable for any damages or costs of any type arising out of or in any way connected with your use of a brokerage house's services. Brokerage-Review.com has partner relationships with other companies. As a partner, we often provide reviews of products and services based on our personal opinions. We are not compensated for positive reviews. While we strive to make sure that the information we present here is true and accurate upon publication, the rates and offers that we share with you may change without notice, so please visit the sites we reference for more up to date information ©2009-2013.