Scottrade Reviews, Commissions, Fees, Information

Scottrade Overview

Broker:	Scottrade
Site:	http://scottrade.com
All Fees:	http://www.scottrade.com/onlin...
Application:	https://apply.scottrade.com/
Min Assets:	500.00 $

Avg Rating:
Based On:	6 Reviews

Accurate Pricing

All pricing information is automatically checked and updated every 24 hours.

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Scottrade Stock Commissions

Cost	Cost Basis	Min Trades	Min Assets	Min Fee	Max Shares
7.00 $	per trade		500.00 $

^(*)	Commission pricing last updated 02/03/12

Stock Commissions Chart ( cost per trade )

Merrill Edge	0.00 - 8.95 $
Wells Fargo	0.00 - 19.95 $
Share Builder	1.00 - 9.95 $
Just2Trade	2.50 $
Sogo Trade	3.00 $
eOption	3.00 $
Marsco	3.95 $
Options House	3.95 $
Light Speed	4.50 $
MB Trading	4.95 $
Trade King	4.95 $
Zecco	4.95 $
Firstrade	6.95 $
Speed Trader	6.95 $
Trade Station	6.99 - 9.99 $
Scottrade	7.00 $
Trade Monster	7.50 $
Fidelity	7.95 $
Investrade	7.95 $
Noble Trading	7.95 $
Cobra Trading	7.99 $
ETrade	7.99 - 9.99 $
Charles Schwab	8.95 $
Options Xpress	9.95 $
Think Or Swim	9.95 $
TD Ameritrade	9.99 $
Siebert Net	14.95 $

Stock Commissions Chart ( cost per share )

Interactive Brokers	0.001 - 0.005 $
Speed Trader	0.0039 $
Cobra Trading	0.004 - 0.007 $
Light Speed	0.0045 $
MB Trading	0.0075 $
Noble Trading	0.008 $
Options Xpress	0.01 $
Trade Station	0.01 $
Think Or Swim	0.015 $

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Scottrade User Reviews

by Stockspicker ( 45

) on 2011-03-24 12:55:53
I have been trading with Scottrade for several years. They seem slow to answer the phone when you have a question. I use there old charting system which is ending in about 35 days. I have become accustomed to it and don't look forward to the change, but it should be for the better. I am limited to watching 20 stocks at a time and only 4 charts with their current system and you can have more on your screen with the new one. I think it was 5 charts maximum. You can't have level ll quotes unless you carry a $25,000 minimum and then you are also able to get their Scottrade Elite. I don't usually get a better price when selling as compared to Zecco where I almost always do better. A few years ago I purchased a stock (not a round lot) and ended up buying one share. I did not have the AON (all or nothing) box checked and learned my lesson on that one. I ended up paying quite a bit more for the stock and also another $7.00 for the trade. The trades have sometimes gone through very rapidly and at other times it seems to take forever. I don't know if it was because of high volume or a problem from them. I guess I would say they are about average and would not be afraid to trade with them. Good Luck Trading!