Earn Free Online Trades - FAQs

How the Program Works

These frequently asked questions are provided for your convenience. Please see our Program Rules for the official terms of the Scottrade Referral Program.

What is the Scottrade Referral Program?

This referral program provides Scottrade clients with a simple way to tell their friends and family about Scottrade. When their friends apply for and open an eligible account and use an eligible Scottrade Referral Program code, both the referrer and the referee will receive 3 free online trades to be used during the next 3 online equity or option, market or limit, good until cancelled (GTC) or day orders placed for stocks priced above $1. All other fees still apply, including, but not limited to, commissions and/or fees charged for trades in securities priced below $1.

How does someone participate in the Scottrade Referral Program?

After logging in to an eligible Scottrade account, clients may click the “Refer Someone You Know” link found in the Referral Program section on the Home Tab and complete the referral form to send a personalized email to their friends. Or, click the “Print referral card” link found in the Referral Program section on the Home Tab to obtain your Scottrade Referral Program code that you can personally give to your friends. Posting of your Scottrade Referral Program code on Scottrade-managed web properties (i.e. Scottrade's Facebook page, YouTube channel, etc.) is prohibited.

How do one’s friends receive a referral?

If you use the “Refer Someone You Know” link and provide email addresses, your friends will receive your referral by email. Or, if you use the “Print referral card” link, you can personally give your Scottrade Referral Program code to your friends.

How many friends can one refer?

There is no limit on the number of friends clients can refer or the number of free trades they will receive. Keep in mind that credits will only be received if the friends open their accounts.

What if a referred friend is already a Scottrade client?

The Scottrade Referral Program is intended to bring new clients to Scottrade. If a referral recipient is an existing client, s/he should participate in this program by providing new referrals rather than receiving them.

How long will it take to get the Scottrade Referral Program trade credits?

Current clients will receive their 3 trade credits at roughly the same time as their friend opens his account, so it should be seen almost immediately. However, 24 hours should be allowed before making any inquires.

Opening an Account

What types of Scottrade accounts are eligible?

All online accounts are eligible for the Scottrade Referral Program, with the exception of custodial and employee accounts.

What is the minimum initial deposit one must make to open a Scottrade account?

The minimum initial deposit is $500 for a cash account, and $2,000 for a margin account. The account must remain open and funded for at least 6 months. Scottrade reserves the right to deny the sign-up bonus in cases it deems appropriate.

If a client has multiple accounts, what determines which account the 3 free trade credits will be applied to?

Scottrade Referral Program codes are unique to each account, therefore, you will need to log in to your selected account that you want the free trades credited to. From the Referral Program section on the Home Tab, you can either select “Refer Someone You Know” to refer them by email or select “Print referral card” to personally give to your friends.

Free Trades

How does a client get free trades?

A client will receive 3 free trades if the friend s/he refers:

  • Opens an eligible Scottrade brokerage account. Once a friend’s account is opened and the Scottrade Referral Program code used is validated, we’ll credit 3 free online trades to be used during the next 3 online equity or option, market or limit, good until cancelled (GTC) or day orders placed for stocks priced above $1. All other fees still apply, including, but not limited to, commissions and/or fees charged for trades in securities priced below $1. We’ll also give the friend 3 free online trades as a sign-up bonus.


How does a client know when free trades are received?

Clients can check their free trades balance by logging in to their accounts. There the client will find the number of “Free Trades Available” in the Referral Program section on the Home Tab.

How are free trades going to be paid out?

All free trades will be credited to a Scottrade account to be used during the next 3 online equity or option, market or limit, good until cancelled (GTC) or day orders placed for stocks priced above $1. All other fees still apply, including, but not limited to, commissions and/or fees charged for trades in securities priced below $1. Please keep in mind that an open order that does not execute, an order that is placed and later cancelled or expires, or an order that is modified, may “lock up” a free trade. These “locked” trades will be given back to the client the next business morning before the market opens.

Does a client continue to get 3 free online trades if his or her friend opens additional accounts?

No. The Scottrade Referral Program is intended to bring new clients to Scottrade. A client will receive free trades only for the first account each friend opens.

Can a client request which account he or she wants the trade credits to be applied to?

The trade credits will be applied to the account that the client selected. Scottrade Referral Program codes are unique to each account; therefore, you will need to log in to your selected account that you want the free trades credited to. From the Referral Program section on the Home Tab, you can either select “Refer Someone You Know” to refer them by email or select “Print referral card” to personally give to your friends. Once the trades are credited to one account, they cannot be transferred to another account.

Can a client request which orders he or she wants the free trade credits to be applied to?

No, the trade credits will automatically be applied to the next 3 online equity or option, market or limit, good until cancelled (GTC) or day orders placed for stocks priced above $1. All other fees still apply, including, but not limited to, commissions and/or fees charged for trades in securities priced below $1. The client will not be able to save them for a future date, or to chose which orders he or she would like to receive for free. Please keep in mind that an open order that does not execute or an order that is placed (and later cancelled or expires) may “lock up” a free trade. These “locked” trades will be given back to the client the next business morning before the market opens.

Program Expiration Date

When does this program expire?

The Scottrade Referral Program currently has no expiration date. We reserve the right to end this program at any time. However, clients will be able to check their accrued balance by logging in to their account and view “Free Trades Available” in the Referral Program section on the Home Tab. The client must use the free trades within six months of receiving them. All unclaimed free trades will automatically expire if not used within the six-month time period.

Do the free trades expire?

The client has six months from the date awards are given to use the free trades. The client can log in to his or her account and view “Free Trades Available” in the Referral Program section on the Home Tab to see the actual date the free trades will expire. After six months, the free trades will automatically expire.

Anti-Spam and Privacy Policies

What are you doing to control against Spam or unsolicited emails?

We are committed to protecting Internet clients from unsolicited emails. Each participant in the Scottrade Referral Program agrees to the terms of the Program Rules and Scottrade’s Privacy Policy. If a participant is identified as being in violation of the Program Rules, that person will forfeit the right to claim any and all free trades and will have current and future participation in the program immediately revoked. For more information, please see our Program Rules.

Does Scottrade keep clients’ information private?

We take every precaution to keep our clients’ personal information and the personal information of their friends and family private. We do not sell, rent, or give away personal information our clients provide in the Scottrade Referral Program to any outside third-party except as required to administer this program. Customers and their friends will not receive unsolicited third-party email as a result of participating in the Scottrade Referral Program. For more details, please read our Privacy Policy.

Unsubscribe

What if a recipient of a Scottrade Referral Program email wants to unsubscribe?

Clients can let us know if they would like to unsubscribe from these emails by filling out a Scottrade Referral Program Unsubscribe Form. When unsubscribing, clients have the choice of restricting a particular individual from sending him or her any more emails regarding the Scottrade Referral Program OR restricting anyone from sending further Scottrade Referral Program emails. Please note that this unsubscribe service applies only to the Scottrade Referral Program.

What if a Scottrade client wishes to unsubscribe from all emails?

Current clients wishing to unsubscribe from other non-regulatory email notifications can contact Scottrade.

Cookies

Do you use Cookies?

Like many sites on the Internet, our program uses “cookies.” A cookie is a piece of data stored on the user’s hard drive containing information about the user. A browser stores the cookie information on a client’s hard drive and when the client returns to that site later, the cookie is transmitted back to the server that originally sent the cookie. Cookies provide a way for a server to recall previous information so that the information does not have to be repeated. For instance, many Web-based email programs identify an email address on the log-in page without first requiring a user to log-in. To be notified before a cookie is received, a user can configure his or her browser to alert him or her when a site is attempting to send a cookie, and at that time the user will have the option of refusing the cookie. If you wish to know more about the cookies on your computer, consult the help file for your Internet browser and do a search for the word “cookies.” If you’d prefer, you can set your computer not to accept cookies, but doing so will prevent you from using our program. Some of our business partners use cookies on our site (for example, advertisers). However, we have no access to or control over these cookies.

Where to Find More Answers

What if I still have questions?

If you have any further questions regarding the Scottrade Referral Program, an account balance or other issues regarding Scottrade products and services, please contact your local branch office or email us at support@scottrade.com