Can you trust scottrade

The Scottrade Referral Program is designed to reward existing customers for introducing the many benefits of Scottrade to new customers. If you want to try out Scottrade , they are currently offering a tiered cash back bonus for new accounts.

With this type of bank account, you can do quick transfers to your Scottrade trading account, which enables you to trade even faster. Outside transfers into Scottrade can take days, so this is one of the fastest ways to trade. You get online bill pay and other benefits of traditional banks. Scottrade Bank is considered an online bank, so there are no brick and mortar locations. Related: Check out my Motif Investing Review.

To start, there are no account maintenance fees , and no inactivity fees. And the trading fees are on the lower end of the online range:. Check out Scottrade if you want to have your investments in a quality program with good customer service and pricing. I opened up my first investment account back in after paying off a lot of debt. That account was with Betterment.

I love the simplicity and ease of use they provide. I think their system is good for any type of investor. If you want to get into investing, check out Betterment. Your email address will not be published. Save my name, email, and website in this browser for the next time I comment.

Skip to content. About Scottrade Scottrade is one of the leading investment brokerage firms in the market today, offering a full line of investment products, as well as top-notch market research, and investor education programs. Scottrade is one of the leading investment brokerage firms in the market today! Click To Tweet Founded in , the company is one of the best represented in the investment universe when it comes to physical branches. How Does Scottrade Work? Scottrade Advantages Virtually all investment brokerage platforms work in a similar way, however Scottrade has a broad assortment of tools and features that make it one of the better platforms around.

Customer service Scottrade has online, email and phone support available. Experience Scottrade began operations as Scottsdale Securities at first , in I then bought some stocks using most of that money after the account said I had that amount available to trade.

Jacob, this seems like a problem with your initial money transfer. Scottrade did what any other broker would have done. I do use several brkers so I know. Give more time to get used to trading and its ins and outs. You will feel better. I just started trading 2 days ago and decided to use Scottrade.

So far, so good. They also provide demonstrations for you in person if you visit their office, but their website is user friendly enough to where I figured most of the basics out for myself. One great thing about Scottrade is that they do offer free trades if you refer someone. The referer and referee both get 3 free trades. Scottrade has treated me well and I enjoy their service. Moreover, I would like to share 3 free trades with the new community of scottrades.

Well, enjoy and have a beautiful day. I too got 3 free trades with Scottrade. I enjoy it. You too can get 3 free trades by using YHOO Like the flat rate since I sometimes trade 10,, shares at a time so savings are good 3. Customer service is ok, most of the time they are professionals and know what i want to know but I do not normally call for help.

Houston- Nasa Area Very friendly. SO unprofessional. Yes, there could be some improvements but overall, its ok. Been with them for, well at least 10 years. To me, I will stick with Scottrade and do recommend them to those that ask for a discount broker. Myardor, ie the Brain from Pinky and the Brain. Would be nice if those ppl could meet in person at a starbucks or public library.

Thank you for sharing this feedback. Please call us at so we can assist you. Attending any one of these events would be a great way to meet other ELITE users who live in your area. Thank you again for your suggestions and for being a valued Scottrade customer for over ten years. Please let us know if we can assist you with anything else. I never want to deal with the people of Scottrade again.

I have had an awful expereience everytime. I am sorry to hear that you are not happy with your experience at your local branch. I understand that you have spoken with us and will be moving to a new branch office that opened this week.

I hope you will have a better experience at that branch and that we can work through any unresolved issues you might have. We value your business and want to provide you with quality customer service, online and in-person. After a number of incidents with Scottrade we have moved all our business to Charles Schwab. We find Schwab provides better and faster service, and are far more professional, especially in the world of investment. I am surprised because I have never had that problem.

Use TurboTax and you should be fine with Scottrade. Can anyone provide names of companies to look at for someone who holds their positions for a longer period of time. Definitely geared toward buy-and-hold approach, using mutual funds and ETFs.

You can trade individual stocks too, of course. Miles, check out better-investing. There may be an investing club close to where you live.

You can find no better place to guide you on how to select stocks. There is a membership fee but well eorth it. I am looking for someone to sort of become a mentor in order to learn how to trade and what to look out for so that I dont get burned trying to learn. Anyone have any ideas on how to network to find someone you can trust. So far, Scottrade has executed all my transactions online without a single glitch. Scottrade completed my request at the requested price limit order, placed the night before.

One good thing about sharebuilder, they transfer monet back to my checking with no charge. They sharebuilder also were able to complete a buy request for Bershire BRK. B when Scottrade could not do it. This was the night before BRK. I had a serious communication conflict after calling my Maryland Scottrade office contact, attempting to ascertain accurate information regarding an account transaction of mine.

After several email requests to the National Service Center and two telephone calls over a period of two weeks, the Maryland office in question was unable to clearly answer my questions and even developed a defended unresponsive posture, as I grew increasingly frustrated. If one of the local offices cannot satisfy a query, I recommend the Compliance Department at Scottrade. If that sounds confusing, it is. Moreover, it is unfortunate that I had to go through great pains over a period of six weeks which included numerous emails and phone calls to secure this information.

Given that my trust level in general has been seriously breached by the banking industry in a general context, I want current detailed accounts of all my monetary transactions from all banking and brokerage institutions with whom I deal in a timely way.

Notwithstanding the fact that I will no longer deal with the Maryland office, I am sticking with Scottrade, as my overall experience over the last ten years as been on balance, positive. The web site is very slow. I placed an buy limit order and changed my mind and tried to cancel the order before it was executed. The web site does not move for a few minutes, and I could not cancel and I lost a lot of money.

The stock information it offers was not sufficient enough. I had to use Google Finance and Yahoo Finance to get more information about the companies I was interested.

You have a lot of unreasonable limitations. So, I decided to find another discount brokerage. Oh, one more thing. When I tried to withdraw my money, it does not allow me to use ACH which is free even though I used it when I deposited the fund. I wonder why they do not offer ACH withdrawal that is faster, safer and cheaper. Free ACH for deposit only. So, you might want to consider that too, if you withdraw your money often. The customer service was the easiest to deal with as well so maybe you just found a bad rep that day?

Have you tried to call another person? I am new to the trading arena and appreciate all of the comments. For a beginner, which site offers the best tutorials and guidance in learning trading techniques? Also, what is the best avenue to learn trading the correct way? I tried to open a Scottrade account and became exasperated. E-trade only had one good review and a ton of bad ones. It helps that some of the replies give other companies names so I can look those up.

Thanks for everyones comments. Is there a Scottrade review of the branches? I almost prayed that my call would be routed to national, unlike what the commercials say.

I cannot access my account through Firefox. I have been receiving the message copied below for weeks. We apologize for any inconvenience this may cause. If something is wrong with Firefox, you may want to clear your cache, reinstall firefox or as the very last resort, restore your Windows system to a previous state. I called Scottrade support and they say it is a security and cookie problem and had me adjust my browser settings.

That seemed to help for a few days, but now I get this error message all the time again and will have to call Scottrade technical support again. I think they have a problem with their website, because if you keep hitting the return to homepage link and then try again to access the page you want, eventually it will let you get where you want to go.

John, After speaking with Tech Support, this seems to be a system-specific issue. Are you trying to access the trading site at home or at work? If you are attempting to access at work, the security of proxy settings your employer uses may be interrupting the connection. If you are accessing from home, clearing the cookies and cache will correct this problem. Been a Scottrade customer for a long time and their platform works well for me.

I rather stick with them than try to pay a couple bucks less to trade when I am not a day trader. This one works for me. I believe it comes down to whether people like the physical branches and solid customer service or not. If you want a no frills broker and you trade often, there are many other options that offer a cheaper trade like OH, TK or J2T.

I like how I always see Scottrade branches. You can really explain your issue properly when you are talking to them face to face. I thought the commercial with the helicopter and the Scottrade CEO was a little goofy but the broker is pretty solid. Like everyone else say, the consumer experience is excellent there. Funny you mention that because I was thinking about the same thing. I find that Scottrade is really good with customer service, even better than other brokers that rank high in the SmartMoney broker survey that comes out every year.

I trade my own funds for a living, usually doing a few trades per month. I also teach people how to trade. After having taught lots of traders, they often have a big concern about which brokerage to choose…. In actuality, while all of these are important — not a single one of them will make you a better investor…nor a better trader.

You must always keep that in mind when you are thinking of switching brokerages. The other thing to watch out for is fill execution. Most brokerages will tell you that they use a NBBO in order to get the best execution. I have multiple internet connections in my office.

Once or twice per year, I enter identical orders, simultaneously, at a well-known brokerage that everyone has heard of.. Sometimes as little as a penny or two.. This is not meant to be a knock against Scottrade.

However, keep that in mind when you visit a brokerage branch office and see the cadre of smiling faces, greeting you at the door…. Thanks for the Scottrade review.

I will look into them and see if I like what I see. I am not an active trader but when I do, I use Sharebuilder. I have used Etrade, Ameritrade, and now Sharebuilder.

Really Etrade seems the best to me, but I closed that joint account several years ago for personal reasons. I have never tried Scottrade, so this was an interesting read. Should I switch again it will probably be to them. Thanks for the info. Not sure why Scottrade does not allow writing of options.

Some other cons are withdrawing cash and no dividend reinvestment. Without the use of a debit card to make withdrawls, you have to wait atleast a week to receive a check in the mail after stopping in the branch and asking for a withdrawl. Scottrade does allow writing calls, not puts however, which I agree is lame. I like OptionsHouse as well, but Scottrade is just not the same. For the average investor, there is no question that the latter offers more help.

OptionsHouse is more for someone that already knows what they are doing while Scottrade is more for the people starting out. However, many advanced traders still use Scottrade, as apparent in the polls that they have the highest customer satisfaction. Since they have the branches already, it would be perfect if they can offer financial planning type advice.

Scottrade is really expensive. I prefer Sogo because of the cheaper rates, and i think every newbie like me will go for the cheap stuff. The Scottrade experience is really amazing, and I would never hesitate to recommend them to anyone. Scottrade is much more expensive than Sogo.

SogoElite is. So unless you are trading more than shares on average SogoElite is a much, much better deal. However, it does give you access to some nice tools. Thanks for the input. Every brokerage has its pros and cons. If cheap trades is your thing, then there are other options out there like I said in the review.

If you are more like an investor who trades a few times a month or even a year , then there are different options that would be a better choice. What works for you may not work for someone else, and vice versa. This is very helpful information for me.

MoneyNing can you email me a few suggestions on what would be a good company for me to work with based on my experience of being brand new to the stock game and just want to do small trades a few times throughout the year? For more information on them, you can read my TradeKing review and see which one you like.

I trade shares at a time, so something like Scottrade with a flat rate makes way more sense for me and a lot of people I talk to rather than a per share basis. Also remember ScottradeElite is more for trading, not investing, so that is where a flat rate also saves you money although the platform definitely helps investors who use it properly.

I love Scottrade. They also have the highest customer satisfaction according to JD Power and Associates. Although I was greeted with a smile when I went in the branches anonymously as well, the other people I talked to at Scottrade knew about my website, which might affect their interaction with me.

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You can also use the Stock Screen tool to narrow down the universe of stocks you are considering for investment. This will help you find those most suitable to help you reach your goals. What I liked about the screener tool was that it was very intuitive and easy to set up.

I also like the fact that I can screen for ETFs and mutual funds as well as individual stocks. You can also set up text alerts so you are always informed no matter where you are or what you are doing. That means it will be a snap to do your taxes.

This feature saves you and your CPA time at year-end. That will reduce the bill you get from your accountant because it will be easier for her to prepare your taxes. The company also has a mobile trading for the iPhone, Android and BlackBerry. The app is pretty broad and includes charts, technical and fundamental research, real-time quotes, market news and analyst ratings — on top of the ability to trade of course.

This suite was designed specifically with the active trader in mind. It provides:. In addition, Scottrade offers online tools and research to help support your investment decisions. You can get help on everything financial there. First, they have broad investment education to help you round out your overall understanding of investments and taxes.

This section covers trading basics, fundamental and technical analysis, order types and much more. They also have a daily strategy and commentary page that keeps you abreast of what is happening in the market right now. They have another section that provides trading ideas and shows you how to use the many tools on Scottrade. They also have a tax guide that looks pretty helpful to me.

In this section you can find calculators to help plan out your financial future. You can also plug in to the online community to bounce ideas off other like-minded people using Scottrade. And what I really love about this section is the Media Center which hosts any number of video tutorials to help you get up to speed very quickly with the site.

I watched 3 of these videos and they break topics down well. They walk you though each task step-by-step in a way that is easy to grasp quickly. Of course Scottrade also has webinars that cover all these topics too. And what is really unique is that they host meet ups and in-person events in their branch offices all over the United States. Being in the business for more than 29 years, I am a stickler for professional and courteous service. I am happy to tell you that Scottrade offers world-class service without charging you an arm and a leg for it.

Win-win for you. I called Scottrade a few times and took their service team to task. I found the people who answered my call professional, thorough and fast. The person I spoke with gave me his direct number and invited me down to the branch to go through any questions I might have. And speaking of branches, Scottrade has more branches than any other brokerage firm in the market. They have over offices compared to a bit over for Schwab which is the closest competitor. Beyond the convenient branches, they also offer extended phone support Saturday and Sunday too in addition to the easy-to-use website.

I looked high and low for problems and it was difficult to find any. The only issue I came up with is in respect to dividends. They do offer a reinvestment plan for mutual funds but not for individual stocks. I asked the representative about this and he told me that the firm is working on this and they hope to offer dividend reinvestment for individual stocks soon. Like most every brokerage firm, your accounts at Scottrade are covered by the Securities Investor Protection Corporation.

This insurance will not cover you against market losses of course. Scottrade has extended coverage which is nice.