Total dollars our trader saved 615

Scottrade Review

Broker Profile

Special Offer: Access over 450 local branch offices - Learn More

Likes - Over 450 local branch offices; responsive and quality customer service; strong focus on education.

Dislikes - Uses separate platform provided by OptionsHouse for advanced options trading; Basic platform offers limited tools.

Bottom Line - Scottrade offers clientele reliable and personable relationships but limits itself in its overall platform offerings and middle of the road pricing.

Scottrade is a financial service provider with a comprehensive online stock trading platform for its investors. They offer their low cost commissions on three different trading platforms: Scottrade, Scottrade Elite, and Scottrade OptionsFirst. Scottrade has over 450 branch offices throughout the United States and has had a consistent track record of being recognized as an industry leader by several different publications and rating groups.

Our Scottrade review provides trade platform screenshots, detailed commissions information, and online broker ratings. Also discover how Scottrade placed in the most recent 2010 Barron’s Review of Online Brokers as well as the 2010 SmartMoney Broker Review**.

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Commission Notes

Scottrade is an online broker with a very straightforward pricing structure. Flat fee trades come with little catches and fees are kept at a minimum. All stock trades are $7 per trade with no limits on the number of shares traded. For stocks priced under $1, an additional .5% fee of the principal value will be added to the $7 base commission rate. Options trades cost just $7 + $1.25 per contract. Broker assisted trades are an additional $20. There are no additional fees for pre (before 9:30 AM EST) and post (after 4:00 PM EST) hours trading. Mutual fund trades have three pricing structure: No Load – No Transaction Fee = $0 ; No Load = $20 Transaction Fee ; Load Funds = Commission set at mutual fund complex.

Scottrade also offers trading services for China through the Chinese version of its website.

Open an account at Scottrade

Broker Site Preview


View the full Scottrade screenshots gallery.

All pricing data was obtained from a published web site as of 7/19/2010 and is believed to be accurate, but is not guaranteed. trade WISER staff is constantly working with its online broker representatives to obtain the latest pricing data. If you believe any data listed above is inaccurate, please contact us using the link at the top of this page. * For stock trade rates, advertised pricing is for a standard order size of 500 shares of stock priced at $30 per share. For options orders, an options regulatory fee per contract may apply.

** Barron's is a registered trademark of Dow Jones & Company 2010. SmartMoney is a registered trademark of SmartMoney, a joint publishing venture between Dow Jones & Company, Inc. and HearstSM Partnership. Kiplinger is a registered trademark of the Kiplinger Washington Editors, Inc. 2010.