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Scottrade Financial Services, Inc.

Note: The following information has not been updated by the vendor since 03/05/15.

Address:12800 Corporate Hill Drive
St. Louis, MO 63131
Phone # for sales: 1 800 619 SAVE
Website: www.scottrade.com
Click link to request additional product information.
E-mail address: support@scottrade.com

CATEGORY: BROKERAGES

General Information | Account Information | Features | Additional Comments

General Information TOP

Brokerage name: Scottrade Financial Services, Inc.
Minimum account size: < $1000
Base commission rates: $7-$8
Brief explanation of margin rates, if applicable: 

$0.01 - $9,999.99 7.50% $10,000.00 - $24,999.99 7.45% $25,000.00 - $49,999.99 7.25% $50,000.00 - $99,999.99 6.50% $100,000.00 - $249,999.99 6.25% $250,000.00 - $499,999.99 5.75% $500,000.00 - $999,999.99 5.65% $1,000,000.00 and above 5.00%
This brokerage has been in business for: 25-40 years
Primary type of broker: Stocks, Options, Bonds
Brief description of services offered: 

Online trading ($7 online Market and Limit orders) and a branch network of over 225 branches. No-fee IRAs. More than 9,000 no-transaction fee mutual funds. Award-winning customer service. Ranked "Highest in Investor Satisfaction among Online Trading Services" five times in a row by J.D. Power and Associates.

Account Information TOP

Types of trading accounts offered: 
  • Phone (touch tone) Discount Broker
  • On-Line Discount Broker
Customers online account information is updated: Up to the minute
Types of trades offerered: 
  • Stocks
  • Bonds
  • Mutual Funds
  • Options
  • Indices
Other trade types: N/A
Types of quotes offered to customers: 
  • Real-Time
  • Nasdaq Level II
Execution methods offered: 
  • Online Broker(trade desk)
  • Broker
Exchanges covered: 
  • American Stock Exchange (AMEX)
  • CBOE-Chicago Board Options Exchange
  • CBOT-Chicago Board of Trade
  • Chicago Stock Exchange
  • Cincinnati Stock Exchange
  • NASDAQ
  • New York Stock Exchange (NYSE)
  • OTC
  • Pacific Exchange
  • Philadelphia Stock Exchange
  • Toronto Stock Exchange (TSE)
  • Vancouver Stock Exchange
Setup or initial costs to set up an account: 0

Features TOP

Types of services offered to customers: 
  • Technical Analysis
  • Fundamental Analysis
  • Basic -charts & graphs
  • Advanced- charts & graphs (technical indicators, ability to change parameters, etc.)
  • Trading software- charts & graphs (create trading systems, scan and sort based on technical criteria)
  • Head line news
  • Wireless (quotes, alerts, execution, etc.)
  • Checking account, debit card, credit card
Ways customers can access their trading account: 
  • Internet
  • Telephone
  • Broker
Allow stop, limit, and stop limit orders? Yes
Charge extra for stop, limit, and stop limit orders: No
Offer 24 hour customer support: No
Offer tax planning advice: No

Additional Comments TOP

Special features included in the service are: 

FREE real-time streaming quotes, charts and news for every customer. Free real-time streaming news from Dow Jones News. Scottrader--trade instantly from your streaming quote. Fast executions.
This broker's service is better than the competition in these areas: 

Personal brokers. Talk to the same person, not a call center. Ranked "Highest in Investor Satisfaction among Online Trading Services" five times in a row by J.D. Power and Associates.
Types of security precautions taken for customers: 

Account protection is highly regarded at Scottrade. As a member of the Securities Investor Protection Corporation, Scottrade's accounts each carry $500,000 in account protection with a maximum of $100,000 in cash-in addition-Scottrade has purchased $24.5 Million in coverage for each customer account with an additional $900,000 in cash. The Web site is also secure, featuring 128-bit encryption for the highest level of online security.
Communications during systems failures has been assured through: 

Branch network of more than 225 branch offices.
The major plans for upgrading the current level of trading service are as follows: 

Direct access trading coming soon.

General Information | Account Information | Features | Additional Comments

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