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Scottrade

Scottrade Review



Overall 4.14 of 5 view all 7 reviews



No frills, no hassles, no sales pitches, no problems!
5 star rating

practical, market junkie
Pros

    $500 min to start, $7 flat rate per trade, good stock reports


NOV
23
2007

We switched both our IRAs and our post-tax investments to Scottrade several years ago, and have been very happy with them. We switched for the lower per-trade rate AND because I was unhappy with our former broker's buy methods...I had to pay extra for limit orders and brother I'd better use them, otherwise I paid whatever the highest intraday price was, or was given the lowest price on my sell orders. UGH.

Scottrade goes in real time, and does not charge me extra for limit orders if I'm feeling nervous. Awesome!

I also appreciate that they assume I know what I'm doing. I don't get calls from a broker trying to tell me my portfolio needs rebalancing, or offers for their mutual funds. They call very seldom, and always because there is something I need to know: CDs maturing, deposit checks with holds on them, that kind of thing. Contacts I've had with my local branch have always been pleasant and intelligent - not a dull blade in the drawer over there.

I_thumb_up Scottrade is recommended by MotherChaos


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