Scottrade Review

Scottrade is one of the leading online stock brokers in the market, helping  individual investors making their own investment decisions.  This company offers customer the convenience be it online or any easily accessible branch location, so the customer can  place many orders for just $7 per trade.

It took about 10 minutes to open for a new account. The Scottrade will be asked for the usual ID verification questions including name, address, date of birth, and other information that will allow them to identify you. Brokers can have many ways to make money online not just with the commissions alone.

Scottrade Video Review

Here are some reasons why choose Scottrade for online stock trading:

• $7 limit trades. Online markets and limit equity orders are just $7 for stocks over $1 regardless of trade frequency  about balance or number of shares. The commissions are charged on a per order basis. Limit orders executed over multiple days  and orders modified after a partial execution on the same day will be treated as separate orders  for commissions calculation purposes.
• No inactivity or Account Maintenance Fees. Perhaps the best thing about Scottrade  is that it’s no fee broker.  You can trade every day or once a year, and you’ll never be charged with any hidden fees. Also, Scottrade does not charge a fee when you transfer money out or closing your account as well as terminating your IRA.
• Free Gainskeeper. This service tracks your stock lots and helps you file your taxes at end of year. It usually costs extra for other brokers.
• It receives good reviews both offline and from online comments.
• Just $500 to open, but if you have $5,000 in account equity, you get free checkwriting, which you can then link up with other accounts.

Scottrade’s Customer Service

Customer service is one of the important factors in choosing an online stockbroker, most especially for  those who are new to online trading. It is a good thing Scottrade comes with excellent customer service.  Whether it be by phone or e-mail, clients don’t need  to wait longer than 30 seconds on hold to speak with a representative. Clients will also expect a follow – up call or e – mail when they encounter problems to make things right.

For Scottrade, it is important that their clients are pleased with customer service as well as satisfied with the level of services offered.  According to Forbes,  Scottrade is among the top 100 companies to work for, and it shows in the attitude of the employees.

Scottrade’s Different Trading Platforms

Scottrade are offering three different trading platforms with different advantages to make trading a lot easier. Here’s a short description of each platform:

• Scottrade Trading Website – Their website is easy to navigate with online tutorials on how to use different tools. The site can load fast during peak with minimal downtimes.  It is very important that you feel comfortable navigating your online account.
• Scottrade Mobile – It is a mobile application that works on all versions  of iPhone, Blackberries and other mobile phones that are Internet capable. This trading platform allows for faster trading using a mobile device.
• Scottrate Elite – It is considered as an advanced platform where you are allowed to add the windows and tools that provide all the information you need. It also comes with Dow Jones and Comtex news as well as top performers scanners, charting ability and access to Level II quotes.

Scottrade Promotion Code Offers

Scottrade has a few promotional offers for new accounts holder. You can grab the coupon codes on the Scottrade promotional codes page.

For brokers who are not comfortable in trading stocks online can visit a brick and mortar location. There are 436  branches nationwide  and each Scottrade branch offers the same services that are available online.

Overall,  Scottrade consistently receives high ratings and favorable Scottrade reviews from its customers and alike.  If you are looking for a trading tool online, this stock broker may be a better choice for you.

Click Here to Join Scottrade Now

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