Scottrade Reviews

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...

If you want a no-nonsense online broker, Scottrade is your best bet.  Trades are only $7 and there are no hidden fees.  This may indeed represent the best value in online brokerage.

The account summary gives a short term growth history and shows the amount availble for trade.  Daily gains and losses are also readily visible on the homepage.  Statements are available online.

Trades are executed promptly with confirmation sent via email.  Free trades are available by referring others to the service.  

One complaint I had before was the inability to electronically fund the account.  However,...

I switched to Scottrade from Citibank/Salomon Brothers about a year ago.  I have been very happy with their service so far.  Also, at $7 per trade, compared to $25 at Citi, it was a no-brainer.  There are no account maintenance fees either. 

Their website is easy to navigate, and they have branches all over most cities- so they can always answer questions in person.  Their customer service at the branches has also been excellent.  There are a few improvements I would like to see:

-Offer dividend reinvestment, which is a great way for investors to build their portfolio.

-Allow investment in...

The guy helped me opened an account fast, asked the right questions, explained the process of placing a stock, and picked up the phone immediatly whenever I call him.

Love to invest with scottrade, love that they have local offices, the only thing i wish they had was an easier add and withdrawl funds. I want instant.  I dont want to have to call there local branch to have them issue a check. but on the other had maybe that is how they keep there trade fees so low. I still love them

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...