Scottrade

Scottrade Review



Overall 3.65 of 5 view all 20 reviews
 




reviewer
chikof72
Manassas, VA

They are the worst ... They violent their own regulations!

1 star rating

Every day computer user, an moderate investor
Pros

    $7 flat rate per trade

Cons
    Cannot Trust Them, none this site is great, Withdrawing cash difficult, Don't care of clients, No respect, do not regret for mistake

MAR
14
2009

They are the worst ... They violent their own regulations!
I had the most trouble experience with them. Their rules are very unfair. First there was a problem with my social security number and then I sent the form to them and they called and confirmed that they received it. After a few days, they withhold some of my money because of Tax and as a result I received a margin call and at the time I was traveling and was not able to notice as quick and they sold my stock. Next problem was exactly like what you said. I lost almost $10,000 on my BAC stocks just to sell them in 1 day to give them their margin call. No 3 days notice or anything. Just had a phone call that if I don't take care of the call immediately they will sell my stocks. I am new with Stock world and they show no courtesy to educate you or anything like that and then push you to accept these unfair changes because I guess they think you are new and they can screw you up. I want to try another Broker. Do you guys have any better suggestion? Maybe TD AMERITRADE?

NOTE: the reviewer indicated that they are a client of Scottrade



I_thumb_down Scottrade is not recommended by chikof72

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