Scottrade Review

Scottrade is a discount internet broker with a famous helicopter commercial.  No one has ever figured out what the helicopter is promoting, but Scottrade does have a fantastic service with low commissions and fees.  They charge a $7 flat rate commission for stock transactions.  The minimum amount required to fund an account is $500 which is low for the industry.

Scottrade makes it easy to open an account or transfer a brokerage account from another broker. Thousands of investors just like you have already made the switch. Meet a few to learn why they switched brokers and chose Scottrade. Or compare the details to find the best online broker for you.  They will even refund $100 in account transfer fees when using an ACAT to transfer in assets.

It takes just two easy steps to transfer your brokerage account:
1)  Open a qualifying Scottrade account.
2)  Complete and sign an Account Transfer Form.

We’ll even transfer your positions over so you don’t have to rebuild your portfolio. Switch now and get up to $100 back in account transfer fees charged by your current broker*.

Current promotion is for 3 free trades.  The promo code is ixfv .  It expires 12/31/2013.

Other promo codes for 3 free trades are: YRID8850, ZRIG8332, YYHE6383, GBUZ8313, IHKQ5085, HSOC1541

Trade Online for Just $7
Online trades are $7 for stocks priced $1 and above regardless of frequency or account balance.  View Commissions

Quality Executions
High-quality trade executions, at or within the National Best Bid or Offer (NBBO), providing you the best price. Get Details

Low Option Commissions
Trade options for just $7 plus $1.25 per contract for market and limit orders.

No Inactivity Fees or Account Maintenance Fees
Trade every day or once a year – either way, you won’t be charged any hidden fees.

Low Margin Rates
Our margin interest rates are among the lowest of national online brokers. View Rates

Free Award-Winning Support1
Our online, over-the-phone and branch support teams have the answers to your questions about opening, funding or using your new Scottrade account. Apply Online

No-Fee IRAs and ESAs
Invest in your retirement with a no-fee Scottrade IRA. Or prepare for a child’s education with our Coverdell ESA.

No Transaction-Fee Mutual Funds
Connect you to 3,100+ no-transaction fee mutual funds and 14,500+ load and no-load funds. Explore Mutual Funds

Fixed Income Investments
Access CDs from banks nationwide, as well as Treasury , corporate and municipal bonds.

Exchange-Traded Funds (ETFs)
We offer all ETFs and we provide an ETF screener to help you easily find one that matches your criteria.

Options Trading
You can place market and limit option orders for $7 plus $1.25 per contract. Explore Options Trading

Stock Investments
Trade stocks, international investments, and OTC stocks as soon as you open and fund your account.

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