Scottrade Reviews & Ratings + User Comments

I\'ll start with the bad first, because nobody seems to mention it. their mobile platform is horrible. From the way it crashes when you open it with the latest firmware, to the glitches that delay prices/ orders, it is an absolute nightmare. It got to the point that i just deleted it, because it was simply easier to load the website with one bar of 2g service, in a reinforced cement building. I can recall more than one time where an order didn\'t go through at the right time/ price, which we all know can cost us more than a couple of dollars.

But, on the flip side, the service is excellent. After explaining the situation, my scottrade representative, appropriately named scott, ended up giving the stocks to me at the correct price- when he could have simply said no. I only have one account, cash with level II options trading, so I cannot speak to any other types, such as retirement accounts. I do like their educational seminars and pages, they help me explain things to my family, as they want to know what i am doing, but dont necessarily want to \'learn\', if you get what i am saying.

Scottrade platform is pretty reliable and outstanding. However I dont understand the people who keep praising Scottrade for them having local branches.

I have been trading with them for a while now and never ever had to visit any of their branches, EVER!!

Scottrade doesn\'t have very good availability of stocks to borrow. I have been called in a few times by them when I was holding a short position.

This is really annoying when you know the stock is just about to drop hard and you get called out by the broker without any warnings either

Just joined Scottrade this weekend and have been kind of pleased with the help available for newbies. I am quite new to stck world and so far it has been an awesome experience and Scottrade made sure to help me get started without much problems.

I have been going through their seminars and other knowledge repositories. Hope to make some monieeesss!

You can do this on some accounts, not all. I have an IRA there and I think I am able to use ACH transfers (ACH = Account Clearing House) with that account, however in my corporate investment account deposits can only be by physical check deposit. Minor annoyance. They usually allow me to invest on receipt of the check in the mail. Overall great broker.

I have been satisfied with my Scottrade account which I have had for a number of years. I concur with almost all of the review comments. I'm a bit surprised that they were all positive comments. Surely someone would have a negative comment.

My primary criticism is the difficulty in transfering money in and out of the account. Primarily it is done with paper checks. There may be an alternate method for one direction, but, I have not used it. Some don't like it becaused they do not have provisions for dividend reinvestment. This is not of concern to me.

I'm pretty sure you can get around this by treating the checks like any other bank account and then using electronic transfer with routing number and account number.


I have a raft* of accounts at Scottrade and have been happy with them.


rad


*Taxable, Trad IRA, Roth, SEP, had Coverdells, had UGMAs, Roths for kids(both minor and after)

I love Scottrade, but their commission is a little high, $7/trade, but certainly less than others. I also have the glitch about the transfer of money in and out on paper checks. Their customer service is flawless. I use them some, mostly for mutual funds since their fees for the ones which are not NTF is substantially less than other firms.


For example, I bought into Dodge and Cox global fund thru Fidelity, $75 transaction fee. Thru Scottrade it would have been $17 initial fee and then $2 for repeat transactions in the same fund. Pretty substantial difference.

I like their windows based trading platform, ScottradeELITE (free for investors). It makes trading really easy

you get $25,000,000 Account Protection with Scottrade account. I think thats really great

Exceptional service ... however one thing I dont like is that I can’t buy fractional shares. Oh well

Best thing I like about Scottrade is thier local branch offices for easy contact and for putting a face to the customer names. I personally love talking to people instead of just talking to menu prompts :P

Been with them for about a year now, and things work well. Haven’t used another broker, so I have nothing to compare with though.


I think they make a great “first timers” broker because: 1) they don’t have any/many fees, including fees to transfer out if you don’t like the service, 2) they have local offices all around if you have questions/issues, and 3) they have fairly cheap rates.

"Have been with Scottrade for a year with a large account. Excellent personal customer service and no concerns with trade execution."

"I've been with Scottrade for about 3 years, and I've had flawless service from them. If you call, a human will answer within 2 minutes every time. One on occasion, I was absolutely strapped for cash and a broker helped me liquidate my account and get a wire transfer to my bank without any fees or charges beyond trading costs. If that's not superior service, I don't know what is. I recommend this broker for buy/and/hold trading, since their realtime tools might not be as fast as needed for day trading. My only complaint about Scottrade would be that I'm having trouble getting my account enabled for options. Short-selling was easy, but options seem to be off limits for some reason."

"Scottrade has always been there when I needed a question answered and help doing any online trading. I am very pleased with their service."

Scottrade has a user friendly webpage and great real time prices with the platform. My rating A+. No issues what so ever. Trades are $7 for all trades. 3 free trades with a new account with promo code AKID6088