Trading Made Simple

Lower Trading Fees - Offering Simplicity & Ease

Transaction Prices

Our low trading fees and commissions are intentionally straightforward and clear, and our customers pay no fees for account maintenance or inactivity. In fact, many of our trading services and investment resources are provided at no cost to our customers, including our advanced research and online trading tools, educational opportunities and more.

Stocks - Market and Limit Orders

Order Method Price
Internet $7
Touchtone (IVR) Phone System $32
Broker Assisted $32

For stocks priced under $1, add ½% 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 .02 per share for stocks that are priced $1 and above. Click here for a complete list of Trading Fees and Commissions.

Options (Equity, Index or ETF) - All Order Types

Order Method Price
Internet $7 + $1.25 per contract
Touchtone (IVR) Phone System $32 + $1.25 per contract
Broker Assisted $32 + $1.25 per 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 Scottrade’s Options Application and Agreement, Brokerage Account Agreement, and by downloading the Characteristics and Risks of Standardized Options booklet. You can also order a copy of the booklet by phone at 1-888-OPTIONS or obtain a copy at a Scottrade branch office. Market volatility, volume, and system availability may impact account access and trade execution.

Exchange-Traded Funds* (ETFs)—All Order Types

Order Method Price
Internet $7
Touchtone (IVR) Phone System $32
Broker Assisted $32

*Investors should consider the investment objectives, charges, expenses and unique risk profile of an exchange-traded fund (ETF) carefully before investing. Leveraged and Inverse ETFs may not be suitable for long-term investors and may increase exposure to volatility through the use of leverage, short sales of securities, derivatives and other complex investment strategies. 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.

Mutual Funds*

Fund Type Buy Sell Exchange
No-Load, 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

Investors should consider the investment objectives, risks, charges, and expenses of a mutual fund carefully before investing. Mutual funds are subject to market fluctuation including the potential for loss of principal. A prospectus contains this and other information about the fund and may be ordered through www.scottrade.com or through a Scottrade branch office. The prospectus should be read carefully before investing.

*Broker-assisted no-load and NTF mutual fund orders are an additional $25. In addition to the commissions above, NTF and No-Load Fund shares not in the NTF program that are purchased from Scottrade and are held fewer than 90 days will be charged a $17 short-term redemption fee. Exceptions to Scottrade’s short-term redemption fee are: Rydex, ProFunds and Direxionfunds families of 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. Mutual fund purchase orders at Scottrade must be the greater of $100 or the fund’s minimum initial investment.

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.

** 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.

*** Not applicable if the fund charges a contingent deferred sales charge. Broker-assisted load fund orders for sales and exchanges are an additional $25.

International Investing

Order Method Price
Internet $7
Touchtone (IVR) Phone System $32
Broker Assisted $32

For stocks priced under $1, add 1/2 % 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.

Fixed Income Fees and Minimum Investment Amounts

Product Fee Minimum Investment Increments
Certificates of Deposit(CDs) Scottrade Acts as Principal* $5,000 $1,000
OTC Secondary Corporates Scottrade Acts As Principal* $5,000 $1,000
OTC Secondary Municipals Scottrade Acts as Principal* $5,000 $5,000
U.S. Treasury Bills, Notes, Bonds and STRIPS Scottrade Acts as Principal* $5,000 $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 (UIT) $50 Liquidation Fee Check UIT prospectus None

* When Scottrade acts as a principal, the bonds will be subject to a markup or markdown.
Also, please note that fixed income products and some special services may also require additional fees or transaction minimums not specifically listed here.

Foreign Stocks

Service Price
Transferring In or Out $60 per transaction
Depositing $250 per certificate
Issuing a Physical Certificate $250 per certificate

Trading foreign stocks and some special services may also require additional online stock trading fees or transaction minimums not specifically listed here.

Service Fees

Service Fee
Mailed Confirmation to an Internet Account $1
Mailed Statement to an Internet Account $2
Duplicate Historical Confirmation $2
Duplicate Historical Statement $3
Overnight Delivery (Including Sell-out and Buy-in) $25
Returned or Stop Payments $25
Wire Funds Out Domestic/International $25/$40
Outgoing Full Account Transfer $75
Mandatory Reorganizations $20
Voluntary Reorganizations $25
Worthless Security Removal Fee $7
Research (Account history) Fee $20 per hour ($20 minimum)
Legal items $25
Cashless Stock Options Processing Fee (Plus applicable commission and margin interest) $50
Merger/Redemption Deposit of Old Stock Certificate $90
Regulatory Transaction Fee $.00221 per $100 of sales proceeds
DTC Certificate Deposit Rejection Due to Stop Transfer/Certificate Replacement $125
ADR Fee Passed on from Issuing/Managing Bank Up to $0.10 per share
Dissenter’s Rights Fee $600

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

No-Cost, Value-Added Services

  • Annual Account Maintenance
  • No Inactivity Fees
  • Dow Jones Real-Time News
  • Real-Time Streaming Quotes & Charts
  • Cost-Basis Reporting
  • Incoming/Outgoing Direct Registration System (DRS)
  • Direct Withdraw at Custodian (DWAC)
  • Mobile Trading
  • Knowledge Center Access
  • Scottrade Online Community
  • In-Person Education Events at Scottrade Offices

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