When you compare Scottrade with alternative brokers, it’s straightforward to visualize why our purchasers believe we’re rather more than simply $7 trades. purchasers gain access to a large form of stock exchange analysis, education and easy-to-use commercialism tools, together with time period streaming quotes, to probably assist any investment strategy. There aren't any inactivity fees or account maintenance fees. Scottrade can even refund up to $100 in transfer fees charged by alternative brokers† . At Scottrade, we provide in-depth, one-on-one support on-line, over the phone and in our network of 500+ branch offices. See for yourself however we have a tendency to collect against our competitors.
Comparison Results: Mon Sept thirty 2013 03:18:01 EST-0500 (Eastern commonplace Time)
Scottrade E*Trade TD Ameritrade Charles Schwab Fidelity
Pricing -
Online Trades $7* $7.99 - $9.99 $9.99 $8.95 $7.95
Minimum Initial
Deposit $500 $500 $0
($2,000 for Margin/Options)*** $1,000**** $2,500**
Account
Maintenance Fees $0 $0 $0 $0 $0
but $25 year for easy IRA
Pricing -
Options $7 + $1.25
per contract $7.99 - 9.99
+ $0.75
per contract $9.99 + $0.75
per contract $8.95 + $0.75
per contract $7.95 + $0.75
per contract
Real-Time
Streaming Quotes $0 $0 $0 $0
for active monger clients n/a
$0 offered to active traders = a hundred and twenty trades per annum via Active monger professional
FDIC Insurance
Coverage $250,000†† $250,000†† $250,000†† $250,000†† $250,000††
Number of
Mutual Funds 14,500+ 7,600+
(1,100 No Load, No Fee, Mutual Funds) 13,000+ 14,500+ 4,600+
Number of Branch
Offices Nationwide 505 28 126 300+ 130
Prices for competitors were obtained on September thirty, 2013 and area unit believed to be correct, however not warranted. a number of the corporations listed on top of could cut back or waive commissions or fees, reckoning on account activity or total account price. investment company info is believed to be correct as of the acquisition date – September thirty, 2013.
* on-line market and limit equity orders area unit simply $7 for stocks priced $1 and on top of. For stocks priced below $1, add 1/2% of the principal price to the commissions shown. Some foreign and pink sheet stocks should be listed with broker help for a $32 commission. Commissions area unit charged on a per order basis. Limit orders dead over multiple days and orders changed when a partial execution on constant day are treated as separate orders for commission calculation functions. The quarterly account maintenance fees obligatory by alternative brokers is also waived if your account meets minimum balance and/or commercialism necessities.
** The Fidelity Account ®
*** The minimum initial deposit could amendment supported the account sort, or it should be changed by special promotional offers. A $2,000 minimum deposit is needed to be thought of for a brokerage account or choices privileges.
**** $1000 minimum may be waived once customers comply with transfer $100 monthly to their Charles Schwab account victimisation Schwab MoneyLink.
Terms & Conditions
† Scottrade can reimburse the account transfer fees up to $100 charged by another broker after you transfer your account with a worth of $10,000 or additional to Scottrade. you need to apply for the fee compensation provide by finishing and submitting a Scottrade Account Transfer compensation Request kind and a press release providing proof of obligatory transfer fees. Account Transfer compensation Request forms and proof of transfer fees may be armoured, faxed or in person delivered to your native Scottrade branch workplace. compensation are created to your account via a credit inside thirty days of receipt of the Account Transfer compensation Request kind and proof of transfer fees. The transfer compensation doesn't presently have a termination date. However, Scottrade reserves the proper to terminate this provide at any time while not previous notice or extend the provide at its sole discretion. Void wherever prohibited.
††Details on corp insurance provided herein area unit for informational functions solely and will not be complete. Restrictions could apply. Investors ought to contact individual corporations for complete coverage details. For additional info on Scottrade's corp coverage click here.
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