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Scottrade - best discount online stock brokerage firm in 2010
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- $7 per stock trade
- Options: $7 plus $1.25 per contract
- Mutual Funds: 2,800+ free. $17 for all other mutual funds
- Investment products: stocks, options, mutual funds, CDs, munis, Canadian stocks, ETFs
Scottrade offers flat rate $7 trading commission for stocks over $1. But what we really like are over 2,800
no transaction (free) mutual funds, which allows mutual fund investors to invest for free.
- No inactivity or account maintenance fees
- No-fee IRAs
- Highest customer satisfaction according to JD Power and Associates
- 400+ local branches
- Great support for beginner investors
- Margin rates are among lowest of national online brokers
- Online community
- No ACAT fee
- Only $500 minimum to open account
- No inactivity or account maintenance fees
- No-fee IRAs
- Highest customer satisfaction according to JD Power and Associates
- 400+ local branches
- Great support for beginner investors
- Margin rates are among lowest of national online brokers
- Online community
- No ACAT fee
- Only $500 minimum to open account
Scottrade is one of the veterans of the discount stock trading and it is a solid, well-established brokerage
house with flat rate trading commissions. We ranked it #1 among
top brokerage houses.
Scottrade keeps customers happy by not charging any unnecessary fees: IRA setup and maintenance fees, account
inactivity fees. The firm is also a leader in customer service and investor satisfaction according to JD Power and Associates.
We believe that Scottrade is an excellent choice for beginner investors, those who invest in mutual funds, and
long-term, "buy and hold" investors (because of no account inactivity charges).
No-fees IRA make Scottrade one of the best brokerage companies for an IRA account.
Because Scottrade is a stable, seasoned stock brokerage firm with a very good reputation, it is also
a natural choice for people nervous about trusting their money to newer companies but not wanting to pay
$10+ for trades and multiple fees.
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