September 24, 2009
Scottrade Review
Scottrade Review
| Contact Telephone | 1.800-619-7283 |
| Website Address | http://www.scottrade.com |
Fees: Scottade is known for their $7 transaction fee. All equities and options whether market, limit and options are $7 per trade. There are no account maintenance fees.
Scottrade Standout Features:
- $7 market, limit and option trades
- .66 second trade execution speed
- No inactivity or account maintenance fees
- Low margin rates of negative .25 to negative 2.75 depending on the loan balance
Product Offered: stocks, options, mutual funds, exchange–traded funds and bonds.
Trading Tools: Extensive Education Resources where you can find educational materials with calculators, charts, streaming news and analyst research reports. Scottrade offers 3 different trading platforms including Scottrade, Scottrader and Scottrade Elite.
Support/Customer Service: Very Friendly. Contact Customer Service support by live chat, email or telephone. They have over 400 branch offices that you can visit.
Overall Summary: Nice Online Stock Trading company for novice and beginner traders.
