Trading Made Simple

Transparent Trading Fees

Making Every Dollar Count

At Scottrade, we offer a valuable array of products and services to help you meet your financial goals, many of which are provided at no cost. Our trading fees and commissions are intentionally straightforward and clear, and we don’t charge our clients fees for account maintenance or inactivity.

Stocks & ETFs

Order Method Price
Online* $7
Broker-Assisted** $32
Touchtone (IVR) Phone System $32

*For stocks priced under $1, add ½% of the principal value to the commissions shown. Commissions are charged on a per-order basis. Limit orders executed over multiple days and orders modified after partial execution on the same day are handled as separate orders for commission calculation purposes. A majority of orders must be executed online to qualify for online commission rates. Some foreign and pink sheet stocks must be traded with Investment Consultant (IC) assistance. Every market has its own fees and/or taxes assessed by local governments and exchanges. These fees may be may be automatically included in the quote.

**For clients who do not wish to trade online, Scottrade has branch offices staffed with Investment Consultants to assist you over the phone or in person. Our non-online commissions for stock and ETF orders are just two cents per share in addition to the broker-assisted and touchtone rates. Broker-assisted commissions apply for all other transactions (including stocks priced under $1). Mailed confirmations and statements are free of charge.

Investors should carefully consider the investment objectives, charges, expenses and unique risk profile of an exchange-traded fund (ETF) carefully before investing. A prospectus contains this and other information about the ETF and should be obtained from the issuer. The prospectus should be read carefully before investing.

Options*

Order Method Price
Online $7 + $1.25/contract
Broker-Assisted $32 + $1.25/contract
Touchtone (IVR) Phone System $32 + $1.25/contract
Option Exercises and Assignments $17

*Options involve risk and are not suitable for all investors. Detailed information on our policies and the risks associated with options can be found in the Scottrade Options Application and Agreement,Brokerage Account Agreement, and by downloading the Characteristics and Risks of Standardized Options and Supplements from The Options Clearing Corporation, or by requesting a copy from a Scottrade branch office. Supporting documentation for any claims will be supplied upon request. Keep in mind profit will be reduced or loss worsened, as applicable, by the deduction of commissions and fees.

Mutual Funds

Fund Type Buy Sell & Exchange
No-Load, No-Transaction Fee (NTF) No Fee No Fee
No-Load* $17 $17
Load No Fee $17

Broker-Assisted Buy Sell & Exchange
No-Load, No-Transaction Fee $25 $25
No-Load* $42 $42
Load No Fee $42

In addition to the commissions above, all no-load shares purchased from Scottrade and held fewer than 90 days will be charged a $17 short-term redemption fee. Exceptions to this short-term redemption fee are the Rydex, Guggenheim, ProFunds and Direxion families of funds, which are intended for short-term traders.

Mutual fund purchase orders must be the greater of $100 or the fund's minimum initial investment. Prior to placing the trade, you must have sufficient settled funds in the account to meet both the applicable minimum and cover transaction fees and other fees prior to placing the trade.

Mutual funds are subject to the terms and conditions of the NTF program. Scottrade is compensated by the funds participating in this program through record keeping, shareholder or SEC Rule 12b-1 fees.

No Fee refers to Scottrade transaction fees. See the fund’s prospectus for other fees and expenses that apply to a continued investment in the fund.

With regard to no-load funds that are not in the NTF program, Systematic Purchase/Redemptions will be charged $2 per occurrence.

*Not in NTF Program.

Fixed Income

Product Fee Minimum Increments
CDs, New Corp Offers, OTC Secondary Corp, Treasury Investments Scottrade acts as principal* $5,000 $1,000
OTC Secondary Municipals Scottrade acts as principal* $5,000 $5,000
Listed Corporate Bonds $35 + $3 per bond $1,000 $1,000
Unit Investment Trusts $50 liquidation Check prospectus N/A

*When Scottrade acts as principal, bonds are subject to a markup or markdown.

Additional Fees

Fee Description Price Fee Description Price
Mail Confirmation to an Online Account $1 Trade Ideas™* $15/ month
Mail Statement to an Online Account $2 NASDAQ Level II Quotes** $10/ month
Duplicate Historical Confirmation $2 Outgoing International Wires $40
Duplicate Historical Statement $3 Outgoing Account Transfer*** $75
Worthless Security Removal $7 Pre-Reorg Stock Certificate Deposit $90
Mandatory Reorganization $20 Administrative Research $20 minimum
Sell-Out and Buy-In Notices $25 Legal Items $75 minimum
Voluntary Reorganization $25 ADR Issuer Fee $0.005-$0.05/ share
Overnight Delivery $25 Cashless Stock Options Processing Fee $50 (+commission and margin interest)
Returned or Stopped Payments $25 Cashless Stock Options Processing Fee $50
Outgoing Domestic Wires $25 Regulatory Transaction Fee***** $0.00184 (per $100 of stocks and options sold)
Trading Activity Fee Equities**** $0.000119/ share sold. Options $0.002/ contract sold

*Scottrade and Trade-Ideas™ are separate companies and the information provided by Trade-Ideas™ should not be attributed to Scottrade. Please research any product or service carefully before making a purchase.

**NASDAQ Level II Quotes are provided through a third party vendor. Third-party websites, research, and tools are from sources deemed reliable. Scottrade does not guarantee accuracy or completeness of the information and makes no assurances with respect to results to be obtained from their use.

***A $2,500 minimum equity balance must remain in the account; otherwise the $75 full transfer fee will apply.

****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.


*****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. 

Free Services

  • Branch Appointments
  • Online Educational Resources
  • Portfolio Review Services
  • Retirement & Financial Calculators
  • Online Banking through Scottrade Bank
  • Real-Time Streaming Quotes & Charts (for non-professionals)

Processing fees assessed by third parties may be passed through to your account. Some products and services may require additional fees or transaction minimums not specifically listed here. Prior to placing the trade, it is the client's responsibility to ask the broker if any additional fees will apply. Scottrade receives compensation for certain equity and option orders as described at www.scottrade.com/routing.

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