Commission Schedule

Commissions and fees are effective January 3, 2005.

Stocks

Internet Market and Limit Orders $7
Touchtone (IVR) Phone System $17
Broker Assisted $27

For stocks priced under $1, add 1/2% of the principal value to the commissions shown. Some Foreign and Pink Sheet stocks must be traded with broker assistance. Commissions are charged on a per order basis. Limit orders executed over multiple days and orders modified after a partial execution on the same day will be treated as separate orders for commission calculation purposes. A majority of orders must be executed online to qualify for the online commission rates. Scottrade receives compensation for certain equity and option orders as described more completely in our Rule 11Ac Disclosure. Generally, this compensation will take the form of payment for order flow, profit sharing arrangements, liquidity rebates or possible trading profits if Scottrade executes the order as a Principal.

Options (Equity or Index) — Market and Limit Orders

Internet $ 7 + $1.25 per contract
Touchtone (IVR) Phone System $17 + $1.25 per contract
Broker Assisted $27 + $1.25 per contract
Option exercises and assignments $17

Options may not be suitable for all investors. Please click here for Characteristics and Risks of Standardized Options.

Mutual Funds

Fund Type Buy Sell Exchange
No-Transaction Fee
(NTF) Funds*
No Fee No Fee No Fee
No-Load Funds
(not in NTF program)
$17 $17 $17
Load Funds No Fee $17** $17

Mutual Fund orders placed through a broker are an additional $20. NTF and No-Load Fund shares purchased from Scottrade that are held fewer than 90 days will be charged a $17 short-term redemption fee in addition to the commissions above, except for Rydex, Profunds and Direxion funds, which are intended for short-term traders. With regard to No-Loads that are not in the NTF program, Systematic Purchase/Redemptions will be charged $2 per occurrence. *NTF funds are subject to the terms and conditions of the NTF funds program. Scottrade is compensated by the funds participating in the NTF program through record keeping, shareholder or SEC Rule 12b-1 fees. For more complete information on any mutual fund offered through Scottrade, refer to the fund’s prospectus. Prospectuses should be read carefully before you invest or send money.**Not applicable if the fund charges a contingent deferred sales charge.

Canadian Orders

Canadian orders cannot be placed online. Quotes given by brokers are typically in Canadian dollars. Orders entered by brokers are entered in U.S. dollars. Please clarify with your broker if you have any questions. Add in the Canadian floor brokerage fee if buying, or subtract if selling:

The following is a schedule of what is considered a round lot in the Vancouver exchange:

Price in Canadian $ Round-lot Size
.01 - .10 1,000 shares
.11 - 1.00 500 shares
over 1.00 100 shares

Canadian exchange fees are charged in U.S. dollars. It is the client's responsibility to ask his or her broker if any additional Canadian fees may be applied prior to placing a trade. All fees are subject to change without notice.

Foreign Stocks

Foreign stocks transfer in $60
Foreign stocks transfer out $60
Depositing Foreign Stocks $100
If the client requests a certificate $250

Fixed Income Fees and Minimum Investment Amounts

Products Fees Minimum Investment Increments
Certificates of Deposit Scottrade acts as principal $10,000 $1,000
OTC Secondary Corporates Scottrade acts as principal $10,000 $1,000
OTC Secondary Municipals Scottrade acts as principal $10,000 $5,000
U.S. Treasury Bills, Notes, Bonds And Strips Scottrade acts as principal $10,000 $1,000
New Corporate Offerings Scottrade acts as principal $5,000 $1,000
Listed Corporate Bonds $35 fee + $3 per bond $1,000 $1,000
Unit Investment Trusts $50 Liquidation fee (Liquidations only) No new purchases None

When Scottrade acts as a principal the bonds will be subject to a markup or markdown.

Margin and Credit Interest Rates  Miscellaneous Fees and Free Services

 

All commissions, fees and rates are subject to change without notice.