Commissions/Fees Disclosures

FEE-010: $7 Online Trades

Online market and limit stock/ETF trades are $7 for stocks/ETFs priced $1 and above. Additional charges may apply for stocks priced under $1, mutual fund and option transactions. Click here for a full explanation of our fees.

FEE-020: Fees, Commissions and Rates

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

FEE-030: Fees - General

All commissions, fees and rates are subject to change without notice. Fees assessed by third parties for processing transactions may be passed through to your account. Also, note some special services may also require additional fees or transaction minimums not specifically listed here. 

FEE-040: Fees – additional transaction fees

Scottrade assesses additional transaction fees for regulatory costs on stock and option sell trades. This fee is determined by the amount of principal and/or number of shares executed. In some cases, this fee is capped at a maximum charge.  These charges will be identified on your trade confirmation as separate fees from the commission charged. Please go to https://www.scottrade.com/documents/alt/CommissionsandFees.pdf  for detailed information surrounding these rates.

FEE-050: Fees – TAF

A regulatory transaction fee that is assessed by Scottrade for certain FINRA regulatory costs on stock and option sell trades. All calculations of this fee are truncated to the penny (i.e. $0.01 increments). If your confirmation indicates that an average price was received, the fee amount shown is determined by first calculating the fee, then summing all those fees together and truncating to the penny. In certain cases this fee is capped at a maximum rate.

FEE-060: Fees - Regulatory Transaction Fee

A Regulatory Transaction Fee that is assessed by Scottrade for certain regulatory costs on stock and option sell trades. Calculations of this fee are truncated to the penny (i.e. $0.01 increments). If your confirmation indicates that an average price was received, the fee amount shown is determined by first calculating the fee, then summing all those fees together and truncating to the penny.

FEE-070: Fees – Stocks: Market and Limit Orders

For stocks priced under $1, add 0.5 percent 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 partial execution on the same day will be treated as separate orders for commission calculation purposes. Short sales may incur interest charges based on share availability; contact us for more information. 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 Order Routing and Execution page. 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. For non-online accounts, the commission for market and limit orders is the broker assisted rate plus $0.02 per share for stocks that are priced $1 and above. Click here for a complete list of Trading Fees and Commissions.

FEE-080: International Investments (Foreign/Canadian Stocks) – Commissions

For stocks priced under $1, add 0.5 percent of the principal value to the commissions shown. Every market has its own set of additional fees and/or taxes assessed by local governments and exchanges. These fees are usually automatically included in a quote. Some foreign stocks must be traded with broker assistance. Additional agency fees may apply for broker-assisted orders. It is the client's responsibility to ask the broker if any additional fees will be applied prior to placing the trade. Also, please note that trading foreign stocks and some special services may also require additional fees or transaction minimums not specifically listed here.