Scottrade Reviews

Overall

4.14 of 5 (by 7 users)

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Scottrade Review Summary

Scottrade is a practical, inexpensive online brokerage company that keeps fees low and thus helps keep money in its investors accounts. Scottrade offers its customers a very low, flat trading fee; a small minimum amount of cash necessary to open an account; and plenty of reports and analysis to let you know how well your investments are performing. “No Frills, No Hassles, No Sales Pitches, No Problems!” is an accurate assessment of reviewer opinion of Scottrade and while Scottrade can sometimes make it a little difficult to access cash, its low fees and no frills approach to brokerage make it a popular Online Broker for those with limited funds.

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14%

Scottrade Comparison

Most Helpful
Favorable Review

easy to use!!!!!!!!

NOV

2007

I started with Scottrade about a year ago. I was lured by the $7 flat rate for trade and stayed because the site works just like I want. It is easy to navigate and they are up front with the fees. Some online brokerages charge up keep fees and have a sliding scale for… read full review »

technically savvy, practical

OmahaNative
Omaha, NE

Most Helpful
Critical Review

Scotrade: Worse Experiance

MAY

2008

Terrible...I am so disappointed that I make sure everyone I know, knows that Scottrade has no respect for their clients whatsover...Lack communication...the quality of customer service is -10..not sure how this company claims one of the best...if you want to more my disappointing experiance feel… read full review »

an moderate investor

borha
Bartlett, IL

Scottrade Ratings and Reviews

items/page: 15 | 30 | 50 displaying 1 to 5 of 7 sort by: most helpful | date | rating

No frills, no hassles, no sales pitches, no problems!

practical, market junkie

NOV

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… read full review »

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MotherChaos
Tracy, CA

Great online system to invest

value conscious, expecting good, fair service, practical, Investing newbie

NOV

2007

Have been using ScotTrade for 3 years now and have nothing but great things to say about using the website. Of course the $7 trades are great but also that you have thousands of Mutual Funds to invest in if you so desire. One tip I have is they are suppose to be up to the minute on trades but if you watch and compare there price quotes to the ones on CBS Marketwatch they are just a few minutes behind which is great. You can see the stock you are about to buy if it is going down so you can wait or if is going up you need to purchase right away. If you just compare how much you can save… read full review »

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doublebogey
Stockbridge, GA

Best brokerage out there

value conscious, Finance Savvy

DEC

2007

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… read full review »

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df1982
Chicago, IL

Low Low Fees

an moderate investor, an aggressive saver

FEB

2008

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 — … read full review »

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Katy0715
Toledo, OH

I love Scottrade. Best discount broker on the web.

practical, Every day computer user, expecting good, fair service, married, value conscious

DEC

2007

I have been with Scottrade for 5 years now and have NEVER had a problem with them. The few times that I had to call customer service (in my local area office), they were professional, knowledgeable and friendly. The streaming quotes tool is great, works flawlessly. And they pay interest on any cash sitting between investments.… read full review »

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vidwiz20
New Bloomfield, PA

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