Scottrade Overview
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| 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: | 4 Reviews |
Scottrade Awards
2009 Investor Satisfaction Study
In J.D. Power and Associates 2009 investor satisfaction study, Scottrade was named 3rd best in overall satisfaction.
2009-10-01 10:30:13
SmartMoney's 2009 Broker Ranking
In SmartMoney's 2009 broker rankings, Scottrade was named 7th best overall broker.
2009-05-20 10:45:58
In J.D. Power and Associates 2009 investor satisfaction study, Scottrade was named 3rd best in overall satisfaction.
2009-10-01 10:30:13
SmartMoney's 2009 Broker Ranking
In SmartMoney's 2009 broker rankings, Scottrade was named 7th best overall broker.
2009-05-20 10:45:58
Accurate Pricing
All pricing information is automatically checked and updated every 24 hours.
Scottrade Stock Commissions
| Cost | Cost Basis | Min Trades | Min Assets | Min Fee | Max Shares |
| 7.00 $ | per trade | 500.00 $ |
| (*) | Commission pricing last updated 07/29/10 |
Stock Commissions Chart ( cost per trade )
| Merrill Edge |     0.00 - 8.95 $ |
| Wells Fargo | 0.00 - 19.95 $ |
| Zecco | 0.00 - 4.50 $ |
| Share Builder | 1.00 - 9.95 $ |
| Just2Trade | 2.50 $ |
| Options House | 2.95 $ |
| Speed Trader | 2.95 - 7.95 $ |
| Sogo Trade | 3.00 $ |
| eOption | 3.00 $ |
| Marsco | 3.95 $ |
| MB Trading | 4.95 $ |
| Trade King | 4.95 $ |
| Firstrade | 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 - 14.95 $ |
| Think Or Swim | 9.95 $ |
| TD Ameritrade | 9.99 $ |
| Siebert Net | 14.95 $ |
Stock Commissions Chart ( cost per share )
| Light Speed | 0.00395 $ |
| Cobra Trading | 0.004 - 0.007 $ |
| Speed Trader | 0.004 $ |
| MB Trading | 0.0075 $ |
| Interactive Brokers | 0.008 - 0.013 $ |
| Noble Trading | 0.008 $ |
| Trade Station | 0.01 $ |
| Think Or Swim | 0.015 $ |
Scottrade Option Commissions
| Cost | Min Trades | Min Assets | Min Fee |
| 7.00 $ +1.25$ /contract | 500.00 $ |
| (*) | Commission pricing last updated 07/29/10 |
Option Commissions Chart ( online orders )
| Interactive Brokers | 0.00 +0.25 - 0.70$ /contract |
| Investrade | 0.00 +1.50$ /contract |
| Light Speed | 0.00 +0.50$ /contract |
| MB Trading | 0.00 +0.95$ /contract |
| Options House | 0.00 +1.00$ /contract |
| Options Xpress | 0.00 +1.25 - 1.50$ /contract |
| Speed Trader | 0.00 +1.00 - 1.25$ /contract |
| Think Or Swim | 0.00 - 9.95 +0.95 - 2.95$ /contract |
| Trade Monster | 0.00 +0.50$ /contract |
| Trade Station | 0.00 +1.00$ /contract |
| Just2Trade | 2.50 +0.50$ /contract |
| eOption | 3.00 +0.10$ /contract |
| Marsco | 3.95 +1.50$ /contract |
| Zecco | 4.50 +0.50$ /contract |
| Merrill Edge | 4.95 - 8.95 +0.75$ /contract |
| Trade King | 4.95 +0.65$ /contract |
| Sogo Trade | 5.00 +0.65$ /contract |
| Firstrade | 6.95 +0.75$ /contract |
| Scottrade | 7.00 +1.25$ /contract |
| Fidelity | 7.95 +0.75$ /contract |
| Noble Trading | 7.95 +1.00$ /contract |
| Share Builder | 7.95 - 9.95 +0.75 - 1.25$ /contract |
| Cobra Trading | 7.99 +1.00$ /contract |
| ETrade | 7.99 - 9.99 +0.75$ /contract |
| Charles Schwab | 8.95 +0.75$ /contract |
| Wells Fargo | 9.95 +1.00$ /contract |
| TD Ameritrade | 9.99 +0.75$ /contract |
Scottrade User Reviews
by Finance_Answers ( 35 
) on 2009-11-23 14:01:36I have used Scottrade for six years and have had nothing but great service from them. I execute almost all my trades online through ScottradeELITE. Anytime I ever have a question about my account, I simply call the brokerage near me, always speaking to a representative who is very helpful. The one thing I would add is, make sure you add a security question to your account and make sure they always ask you for it. Hope this is helpful.
by chris86 ( 50 
) on 2009-10-27 18:40:02I switched from sharebuilder to scottrade about a year ago and haven't looked back. The prices are good and the interface is very user friendly. the only problem i have with scottrade is their research and screening tools are not better than other online tools that are free.
by simp20 ( 15 
) on 2009-09-24 13:39:39In my opinion Scottrade is one of the most fair and helpful discount brokerages i have ever used.The research and all the help they give for beginners is probably the best features they have. It was also nice that they have a branch in my home town. They will always work with you.
by trader ( 56 ) on 2009-09-22 20:07:21I started using Scottrade after I got sick of paying 10$ per transaction at Ameritrade (before it became TD Ameritrade). Anyway, Scottrade was really great. The customer service was good, and it was nice that they had branches in my local (mn). At the time, the 7$ commission was really low, but these days, there are so many discount online brokers that 7$ just isn't that great anymore, so that's why I'm giving Scottrade only 3 stars. But overall, it's really great for beginners.
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