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BottomTraderReno, NV

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Member since: November 2008
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BottomTrader's Reviews

Scottrade

Do not use Scottrade for Margin, or anything!

an aggressive investor

NOV

2008

Scottrade did a margin call on zero days notice. Requirements were fully met yesterday at the close and today after the close I received a notice to sell or wire money (no checks!). The branch manager confirmed that this was not a mistake. No three day notice - nothing. This was on a six digit account that had been open for several years. Do not trust these people. Their fine print is vicious and they use it without quarter.