Scottrade Review

Last Updated: June 26, 2017
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Quick Facts

Minimum Deposit
Trade Commission (Stock)
$6.95 per trade
Trade Commission (Option, per trade)
Trade Commission (Option, per contract)

Scottrade Fee Structure

Trade Commission (Stock)$6.95
Trade Option (Option, per trade)$6.95
Trade Commission (Option, per contract)$0.70
Broker Assisted Trade$32.00
Mutual Fund Trade Fee$17.00
IRA Annual Fee$0.00
IRA Account Closing Fee$0.00

Scottrade Tradeable Instruments


Scottrade Features

24/7 Support
Virtual Trading
Retail Locations503
ATM Fee Reimbursement
Checking Account
Savings Account
Commission Free ETFs0
Clearing CompanySelf clearing

Supported Platforms

Trade on your terms. Whether you prefer the power of a native desktop client, the convenience of a web platform, or the mobility of an iOS or Android app, make sure that the brokerage you select works the way you like to work.


Windows Desktop

iOS Tablet

iOS Phone

Android Phone

Expert Walkthrough

Coming Soon!

Scottrade Reviews

Nerdwallet 2016-02-03

Recommended for beginners with its exceptional customer service Online broker Scottrade is perhaps best known for its exceptional customer service, with a large network of branches that host live investor education seminars and provide representatives to answer customer questions and offer guidance in person. That, coupled with the broker’s $0 account minimum requirement for IRA accounts, makes it a strong candidate for beginner investors who need a bit of guidance. More seasoned traders will appreciate Scottrade’s research offerings and mid-range commissions. 2016-12-21

Best for investors who need guidance Scottrade offers self-direct investors the tools they need to succeed, and for investors seeking guidance, Scottrade’s massive branch office network, which offers reliable and personable relationships, is an easy win.

Investorjunkie 2016-12-02

Customer service is great, and has choices for investing platforms This online discount broker is one of our favorites for consistency, offering great customer service, and $7 online stock trades. Scottrade has three different investing platforms, so consider further researching each option when signing up.

Warrior Trading 2016-09-10

Covering your financial needs as a trader Scottrade is an excellent broker that offers some great tools and services that will meet the needs of just about any type of trader. They also conveniently have offices throughout the nation in most major cities where you can go in and receive a more personal level of service. From investment advice to banking, they pretty much have your financial needs covered and is why I would recommend them to investors or traders who want that personal touch and extra service.

Frugal Rules 2016-07-25

Tools, customer service and value to their service I believe for the right person, Scottrade can be a great fit for their investing needs as they offer value, great customer service and solid tools. As I pointed out in the beginning, there are a lot of online brokerages to consider and believe that Scottrade holds their own against the best. 2015-11-11

Relationship with clients is number 1 Scottrade sits atop the list of online brokers when it comes to customer service and building relationships with their clients. Their costs and fees are lower than those of the other major brokers, but they are lacking in terms of investment products and research by comparison.

Money Smart Guides

Scottrade has positioned itself perfectly in the online broker world by having tools and resources to appeal to both active and passive investors.