4 Responses to “Scottrade”

1. Airduster Says:
   July 19th, 2006 at 3:00 am

   Positives:

   Cheap broker…. $7 dollar trades

   Never any down time

   People always avaliable to answer your questions

   Negatives:

   Java interface sucks, can’t use windows application unless you have 25k min.

   strict rules, lotta paper work to do anything (must fax, it’s annoying).

   can only transfer money in via (inperson check) or wire transfer ($20 + $10 local bank fee).

2. BoBo Says:
   September 25th, 2006 at 11:53 pm

   Scottrade is reliable and has good a deal on commissions. They also are good at tax time and with monthly online statements. In addition they offer many items for free like Dow Jones News.
   I am not sure they are the best for serious active traders but for my level of trading they are more than sufficient.

3. Chad Lapa Says:
   October 31st, 2006 at 1:29 pm

   I use Scottrade and couldn’t be happier. I have no plans or desire to switch anytime soon. They also just added a way to link your checking accounts to your Scottrade account for direct transfer of money in and out of your accounts. Oh and they are great at tax time, like BoBo says.

4. James Says:
   December 9th, 2006 at 6:35 pm

   I love these guys. Trade pricing is up-front and easy to understand. The $500 minimum deposit allowed me to start with (and risk) less money. It may take me longer to grow that money, but I feel safer with less seed money at risk.

   The staff has been extremely helpful in the instances where I’ve had questions or wanted clarifications on market rules (i.e. freeriding) or market conditions (e.g. splits, dividends, etc).

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