1. Trade Online for Just $7!
Scottrade now offers one flat rate for all online market AND limit equity orders, regardless of trade frequency, account balance or the number of shares in a transaction. Stocks under $1 are just $7 + 1/2% of principal.
2. No Share Limits (for stocks over $1.00)
Pay the same low brokerage commissions for online equity orders regardless of the number of shares you trade.
3. Low Option Commissions
Trade options at Scottrade for just $7 plus $1.25 per contract for market and limit orders.
4. No Inactive Account Fees or Account Maintenance Fees
Other stock brokers charge an extra fee for accounts that do not meet their minimum requirements. At Scottrade, there is no charge for inactive accounts or account maintenance.
5. Account Linking
If you have multiple accounts with Scottrade, including IRA, mutual fund, and stock trading accounts, you can now link them together! Enjoy the convenience of logging into one account and viewing the details of many.
6. Quality Executions
View the Trade Quality and Execution data here.
7. Real-Time Account Balance
Scottrade's real-time account balance updates allow you to know your adjusted cash balance, margin balance and purchasing power immediately following a stock trade.
8. Free Cost Basis Accounting
Our accounting software efficiently keeps track of your gains and losses - for no additional charge!
9. Low Margin Rates
Compare Scottrade's margin interest rates with other national online brokers.
10. Complimentary Dow Jones News
Get Dow Jones Real-Time News for Investors at no charge with your Scottrade account!
It's the same up-to-the-minute news and information that more than 300,000 financial professionals use each day to make investment decisions and stay ahead of market changes. Dow Jones Real-Time News for Investors provides extensive, high-quality coverage of companies, markets and events, including:
- Stock Market News - What's moving and why
- Company Announcements
- Economic Indicators
- Credit Market News
- International, Regional and Industry News
Some brokers charge $30 a month for this valuable tool. At Scottrade, you'll get the same access at no charge! Just one more reason to choose Scottrade!
11. Access to Quality Stock Research
Research the market at Scottrade with Thomson Financial and Standard & Poor's research - at no charge! Scottrade account holders also have access to economic calendars, market commentary and Value Line Fund Analysis.
12. $25,000,000 Account Protection
Scottrade is a member of the Securities Investor Protection Corporation (SIPC), which protects the eligible accounts of its members up to $500,000 (including $100,000 for claims for cash*). A brochure with the details of the SIPC's protection is available at www.sipc.org. Scottrade has also purchased additional protection from Aon in the amount of $24,500,000 (an additional $900,000 in claims for cash) to pay amounts in addition to those returned in SIPC liquidation, subject to an aggregate limit of $100,000,000. Total account protection is $25,000,000, including up to $1,000,000 in cash. This coverage does not protect against the loss of the market value of securities. SIPC coverage is not the same as the insurance on bank accounts provided by the Federal Deposit Insurance Corporation.
13. Personal and Exceptional Customer Service
Providing quality customer service is the foundation of our business model. Scottrade values our customers and we strive to provide you with the best customer service in the industry. We work hard to make our customers happy, and have been consistently recognized by industry watchers for our efforts. We take pride in our ability to please our customers and always do our best to do what is right for them.
14. 355 Local Brokerage Branches
We encourage you to compare us to other online brokers. See for yourself the advantages of a Scottrade account serviced by a personal broker in a local office, located near where our customers live and work. Weigh the service and the price! Try us and you'll be glad you did!
15. Personal Stock Brokers
Scottrade's approach to service for our online customers sets us apart from other online brokers that have set up single-point call centers to handle customer inquiries. Our customers tell us they want a personal broker who can be easily reached to answer trading and account questions. Scottrade's 355 local service centers provide the access to service that every online customer needs. We call it "Online Trading With a Personal Touch" and it comes with every Scottrade online brokerage account regardless of account size or trading activity.
16. No-Fee IRAs
No annual fees, no setup fees and no termination fees! Open an IRA today - It's never too late to plan for your future or start investing. You can transfer your existing IRA from another brokerage firm. Choose from Traditional IRA, Roth IRA and Coverdell Education Savings Accounts (ESAs).
17. No-Transaction Fee Mutual Funds**
Use mutual funds to help plan your financial future. Scottrade gives YOU the tools you need to control your mutual fund portfolio. Scottrade makes. At Scottrade, you can choose from a growing list of more than 1,000 no-transaction Fee mutual funds. Scottrade has thousands of funds, both load and no-load. Find out more at our Mutual Fund Center.
18. CDs and Corporate, Treasury, Agency and Municipal Bonds
Choose CDs from various maturities (three months to 20 years) from banks nationwide. Compare rates to your local bank! For additional information, call the Scottrade local branch office nearest you. Our bond search tools allow you to screen thousands of bonds in a wide variety of industries and maturities and select the bond that meets your objectives.
19. FREE Scottrader Real-Time Streaming Stock Quotes
When you open an account at Scottrade.com, you will gain access to our active Scottrader - FREE! You get real-time, dynamic streaming stock quotes and charts. Scottrader is customizable to meet your needs: view time and sales, top gainers, volume leaders and much more. Chart your stocks and watch them update every minute! Scottrade customers trade directly from their streaming quotes. Once you try it, you'll wonder how you ever traded without it!
20. ScottradeELITE for Active Traders and Level II Quotes
ScottradeELITE is an advanced trading platform built for the active trader. With easy-to-use customizable screens, integrated trading tools and personalized support, ScottradeELITE gives you the tools and services you need to take control of your trading.
Features include:
- Advanced charting
- Integrated trading tools for stocks and options
- Streaming Nasdaq Level II quotes
- Complimentary Dow Jones News and Comtex News
- Integrated account management tools
- In-depth technical and fundamental research capabilities
21. Wireless Trading
Use your Palm-compatible device, WAP-enabled cell phone or Pocket PC to place orders, get real-time quotes, and check balances, positions, order status and transaction history. All for no additional transaction fees!
22. Powerful New Trading Web Site
Scottrade's new trading Web site has more features, more functionality and more power ... and still, for just $7 a trade! Personalize your watch lists and choose how to view them. Easily view your account information. Receive news alerts. Get integrated page-level help where and when you need it. Effortlessly access quotes and research to help you find trading opportunities!
23. Chinese Language Services
For those customers who communicate in Chinese, Scottrade offers Scottrade Chinese at http://chinese.scottrade.com/. Scottrade also has a growing staff of Chinese-speaking personnel to serve our customers.
24. Just $500 to Open an Account
That's right! Open an account with a $500 deposit ($2,000 for a margin account). You may fund your account with a check or securities, or simply use our account transfer form to transfer assets from another broker to Scottrade.
To qualify for an online account at Scottrade, the majority of your trades must be placed online/on the Internet. All money and stock must be in the account before trades can be accepted.
25. Experience
When Scottrade was founded in 1980 as a deep discount broker, we didn't know that 26 years later we would be a leader in online investing. We are proud to have so much experience working with investors and look forward to serving many more investors' needs in the future.