Online Broker Ratings For Scottrade

Scottrade Reviews and Ratings

Average Scottrade Rating: Based on 7 votes.

Showing 1-8 of 8 Scottrade reviews.
Jennifer
December 28, 2007 - 23:49
— Lack of information and features not impressive.

Last summer, my husband and I wanted to get into the stock market especially to buy Delphi stock since they were bankrupt. We did all the research into the best brokerages and settled on Scottrade because it was all online and their trades were $7. In setting up the account, I had to go to my bank get a cashier's check and deposit it into the Scottrade account since they didn't do direct transfers. They have since made that feature available. We purchased Delphi stock and a few others. No where in the information on the website did it tell us that once Delphi came out of bankruptcy the stock we had purchased would be worthless. When information did come out about Delphi coming out of bankruptcy and the stockholders potentially getting stock from Delphi, Scottrade knew nothing about it. Everytime I would call to find out information to make a decision to keep or to sell, they knew nothing. I have since started looking at other brokers. My only other complaint was that the other stocks we held that pay dividends Scottrade would not allow us to roll it over to buy more stock.

Trent
December 20, 2007 - 20:52
— Free Trade Errors but Great Trading Tools

I am a day trader by profession and although primarily trade other financial products, I have had a equities account with Scottrade for 1 year now. Most of the tools and resources that Scottrade offers are sufficient for most investors. For advanced traders they might come up short, but you likely have other services that fill in the gaps. Their chartign and technical indicators are sufficient. The screening tools for stocks, mutual funds and EFT are very usefule when you know the criteria for the investments you want. Simply enter your filtering criteria and you get a list that can be further filtered if desired.

With that said, I had several problems with their setup and getting what was promised (free trades). Initially it took longer than normal to get my deposit credited to my account. I was referred by an existing account holder so me and the account holder would receive 3 free trades. I received my first placed trade for free, but then had to pay for the next several before getting my free trades back after contacting my local broker office. The reason is when you input a trade the free trade is marked internally in their system as used, but if you modify or delete the order before it is actually fullfilled then the system is not designed to credit your account. This must be done manually by their employees. Due to human error, this doesn't alays happen. Because of the system design, if you input several positions, only the first 3 entered are ear-marked for the free trade. But if entered 5 waiting for the prices to hit your entry criteria, if your 4th or 5th trade is executed first you are charged for the trade.

jon
December 08, 2007 - 10:19

I am new in investing field and i saw many investing companies now these days. Although I didn?t find any great investing firms, I felt comfortable with scottrade. The company provides all cost information up front, with no hidden costs. I found its services satisfactory. The firm provided me full information about trading. With Scottrade A small investor also can join easily due to the low minimum investment. They treat all levels of investor with the same amount of respect and handle all customer service issues very efficiently as well as quickly and satisfactory. I am very happy with my decision to choose scottrade as my online trading firm. The cost is minimal at $7 per trade, which is lower than almost all other online stock trading firms and companies. The people at the branch are also very willing to assist you in person, as well as over the phone and via internet.

sweety
November 30, 2007 - 07:54
— Good

I am new in investing field and i saw many investing company now thease day. i did't found any great investing company. but when loged on this website, i found many stock broker. i swa full details about them. Now i found Scottrade better coparision to other stok brokers. I found its services satisfactory. they provied me full information about trading. also explain all headen fee. With Scottrade A small investor also can join. Becoz when i said to scottrade that i am small investor then they said to me, Wellcome. so hear a small investor will appreciate the respectful treatment. My experience is good with scottrade. I recommend Scottrade to all small investor.

Keifer Albin
November 30, 2007 - 06:20
— Good...could be better.

Scottrade is generally a good company. They have a clean website, and a really nice user interface. They have Gainskeeper (keeps track of what you have made/lost) which is a really sweet feature. My major...only real problem with Scottrade is their price, and their minimum. Faced with Scottrades $7 trades, or Zecco's $0, Zecco is the obvious choice. Same with their account minimum.

On the plus side, another great thing about Scottrade is their fee free IRAs. That is one thing that they do better then Zecco. Zecco's cost $35 per year.

Scottrade does a wonderful job for stock research, providing both S&P PDFs, and Reuters. If you feel that you aren’t as skilled a trader as your buddy at work, don’t worry, because Scottrade takes care of all of that.

So, if you want a more mature platform for trading, and don't care about paying $7 every time you trade, then Scottrade would be a great choice.

Ashok K.Jha
November 12, 2007 - 22:34
— Very Reliable

There are numerous Online Trading Platform available these days and each one claims to provide better services than other.But i will stick to my old and trusted broker .I have used Scottrade and found its services satisfactory.Its customer service is excellent . You can walk into a local branch and get all issues resolved if there is any.They are professionals to the core so you can expect to have your all your questions answered, whether you are a client or not. Scottrade offers a clean, easy to use website, as well as two other trading platforms.You need only $500 to open an account, with no maintenance fees or account opening or closing fees. A small investor will appreciate the respectful treatment, without worrying about meeting a minimum number of trades or a high minimum balance. But Scottrade does not offer trading in futures, forex, flexible commissions, and foreign stocks. Scottrade is also not optimal for serious options traders, as they do not allow options spreads or provide tools for calculating option characteristics.

Daniel
November 05, 2007 - 20:58
— Scottrade - a solid and inexpensive broker

I�ve used Scottrade for two years now. Scottrade offers excellent customer service and good branch availability. You can walk into a local branch, and expect to have your all your questions answered, whether you are a client or not. Scottrade offers a clean, easy to use website, as well as two other trading platforms, the more sophisticated of which is only available to those with account balances of 25,000 dollars or above. However, since only 500 is needed to open an account, with no maintenance fees or account opening or closing fees, it is well worth trying out what Scottrade offers. A small investor will appreciate the respectful treatment, without worrying about meeting a minimum number of trades or a high minimum balance. Unfortunately, Scottrade does not offer services for more advanced traders, such as futures, forex, flexible commissions, and foreign stocks. Scottrade is also not optimal for serious options traders, as they do not allow options spreads or provide tools for calculating option characteristics. While Scottrade is improving all the time, its website and trading platforms can still be a bit rough around the edges.

Larry
October 30, 2007 - 19:17
Scottrade rocks

Scottrade I have had great luck with Scottrade. I am new to investing and they have a good education center that teaches step by step many of the ins and outs of trading. All of the trades that i have made have gone through quickly and accurately. I like the streeming quotes feature a lot as well as the quick buy and sell options. The research section is great. In one spot I can find the raw data along with many tools to help me analyze my potential stock picks. Getting money in and out could be easier but it is not too difficult. Any time I have had a question they are ready and willing to talk with me on the phone. I have made about 30 trades with Scottrade and have had no problems whatsoever. I highly recommend Scottrade to anyone regardless of experience level or or investment level.

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