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About Scottrade
What is Scottrade?
Scottrade is a brokerage service that provides individuals with the ability to buy and sell securities such as stocks, ETFs, and mutual funds. It is designed to offer a straightforward, self-directed investment experience with an emphasis on low costs and user-friendly tools.
Problem Solved
Scottrade solves the problem of high trading fees and complex interfaces that often deter new investors. By providing a simple platform with competitive (often $0) trade pricing, it makes investing accessible to those who want to manage their own portfolios without paying a premium.
Who It Is For
Scottrade is ideal for self-directed investors who prefer a hands-on approach to managing their investments. It is particularly suited for beginners and intermediate traders who need a reliable platform with real-time quotes, research tools, and educational resources. It may not be the best fit for active day traders seeking advanced charting or professional-grade analytics.
Use Cases
Common use cases for Scottrade include executing long-term buy-and-hold strategies, trading individual stocks, building a diversified ETF portfolio, and learning about investing through its research and educational materials.
Key features
- Low-Cost Trading — Trade stocks and ETFs with competitive, often $0, commissions.
- Real-Time Quotes — Get up-to-date market data to make informed decisions.
- Research Tools — Access analyst reports, screeners, and market insights.
- Easy-to-Use Platform — A clean interface suitable for beginners.
- Educational Resources — Tutorials and articles to help new investors learn.
SaaSpartout Score
7.0
/10
Editorial score from our review methodology — not user ratings.
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Scottrade Pricing
Scottrade pricing: from $0/trade.
For comparison: the median starting price in Finance & Accounting is $19/month, measured across 145 tools we track. See the full SaaS Pricing Index →
Standard Plan
Trade stocks and ETFs at $0 per trade. Includes real-time quotes, standard research tools, and basic account features.
Free account opening with no minimum deposit required. No monthly maintenance fees for most account types.
Frequently asked questions
How much does Scottrade cost?
Scottrade offers $0 online stock and ETF trades. There are no account minimums or monthly fees, making it cost-effective for most investors.
Is there a free trial for Scottrade?
Scottrade does not offer a free trial, but it does offer a free account with no minimum deposit. You only pay when you make a trade, and many trades are commission-free.
Who is Scottrade best for?
Scottrade is best for self-directed investors, especially beginners, who want low-cost trading and a straightforward platform without extra fees.
What are some alternatives to Scottrade?
Alternatives to Scottrade include other low-cost brokers like E*TRADE, Charles Schwab, Fidelity, and TD Ameritrade, which also offer $0 trades and similar features.
What are the key limitations of Scottrade?
Scottrade's platform is more basic, lacking advanced charting tools and in-depth research that professional traders might need. It also may not offer the same breadth of mutual funds as some larger competitors.
