| Asset class | Details |
|---|---|
U.S. Stocks |
|
Options |
|
Mutual Funds |
|
Bonds |
|
Foreign Stocks |
|
| Order Method | Cost per Trade |
|---|---|
Internet |
$7.00 |
Touchtone (IVR) Phone System |
$17.00 |
Broker Assisted |
$27.00 |
| Order Method | Cost per Trade plus cost per contract |
|---|---|
Internet |
$7.00 plus $1.25 / contract |
Touchtone (IVR) Phone System |
$17.00 plus $1.25 / contract |
Broker Assisted |
$27.00 plus $1.25 / contract |
Option Exercises and Assignments |
$17.00 |
| Funds/ Trade Type | Cost per Trade (Buy/Sell/Exchange) |
|---|---|
No-Load, No-Transaction Fee (NTF) Funds |
$0.00 |
No-Load Funds (not in NTF program |
$17.00/ $17.00/ $17.00 |
Load Funds |
$0.00/ $17.00/ $17.00 |
| Products | Fees |
|---|---|
Certificates of Deposit |
Scottrade acts as principal |
OTC Secondary Corporates |
Scottrade acts as principal |
OTC Secondary Municipals |
Scottrade acts as principal |
U.S. Treasury Bills, Notes, Bonds And Strips |
Scottrade acts as principal |
New Corporate Offerings |
Scottrade acts as principal |
Minimum Balance (Cash) |
$500 |
Minimum Balance (Margin) |
$0 |
Minimum Balance (IRA) |
$0 |
Cash Interest |
Up to 1.00% |
| Debit Balance | Margin Rate |
|---|---|
$0.01 - $9,999.99 |
base rate(8.00%) less 0.25% = 7.75% |
$10,000.00 - $24,999.99 |
base rate(8.00%) less 0.50% = 7.50% |
$25,000.00 - $49,999.99 |
base rate(8.00%) less 0.75% = 7.25% |
$50,000.00 - $99,999.99 |
base rate(8.00%) less 1.25% = 6.75% |
$100,000.00 - $249,999.99 |
base rate(8.00%) less 1.50% = 6.50% |
$250,000.00 - $499,999.99 |
base rate(8.00%) less 1.75% = 6.25% |
$500,000.00 - $999,999.99 |
base rate(8.00%) less 2.25% = 5.75% |
$1,000,000.00 and above |
base rate(8.00%) less 2.75% = 5.25% |
| Tools | Service Features | Trade Features |
|---|---|---|
|
|
Transferring In or Out |
$0.00 |
Depositing |
$100.00 |
Issuing a Physical Certificate |
$250.00 |
Mailed confirmation to an Internet account |
$1.00 |
Mailed statement to an Internet account |
$2.00 |
Duplicate historical confirmation |
$2.00 |
Duplicate historical statement |
$3.00 |
Overnight delivery |
$20.00 |
Returned checks |
$20.00 |
Notices, such as Sell out or Buy in |
$20.00 |
Wire funds out domestic/international |
$20/$40 |
Voluntary reorganizations |
$25.00 |
Legal items |
$25.00 |
Certificate delivered out/reregistered |
$95.00 |
Cashless Stock Options Processing Fee |
$50 (Plus applicable Commission and Margin interest) |
Merger/Redemption deposit of old stock certificate |
$60.00 |
Regulatory Transaction Fee |
$.00056 per $100 of sales proceeds |
DTC certificate deposit rejection due to stop transfer/certificate replacement |
$100.00 |
ADR Fee passed on from issuing/managing bank |
Typically $.00 to $.05 per share |
| Contact Information | |||
|---|---|---|---|
| Mailing Address | Phone Phone Hours |
1-800-619-SAVE 1-800-619-7283 Monday - Friday: 6 a.m. to 10 p.m. CT Saturday: 8 a.m. to 4 p.m. CT Sunday: Closed |
|
| Website | www.scottrade.com |
Fax | |
|
|
| Scottrade Reviews (51) |
|---|
Scottrade is very user friendly
I can't say that I have any complaints about using Scottrade. The site is very user friendly and their "Streaming Quotes" tool is very useful.
There are many tools to analyze the performance and...more
|
Excellent Value
I have had accounts with Scottrade since 2006 and have never experienced any problems. Here are what I think the best things about Scottrade are:
1. Great commissions ($7/trade no matter how...more
|
Scottrade Review
I joined Scottrade after tiring of Ameritrades $10 trading fees and other hidden fees that aren't publicized in any of their advertisements. Scottrades online software and instructional videos will...more
|
