E*TRADE vs Scottrade Review

4 stars based on 44 reviews

Scottrade is one of the most popular online discount brokers. Formed inScottrade is also one of the early self-service brokerage firms that let investors trade stocks at affordable costs. Power and Associates in andScottrade has been a leader in the broker industry for providing customers with excellent services. I have been a Scottrade customer since and have been actively using it to trade stocks and ETFs since then.

Unlike many other discount brokers who do their business strictly online, Scottrade has branch offices across the country. Wherever you live, the chance of having a Scottrade office near you is pretty good. If you interested in getting a Scottrade account, here are some of my opinions regarding the discount broker. Scottrade has a very straightforward commission schedule for stock and ETF trades, though its commissions are not the lowest among online discount brokers.

Scottrade also offers investors a large selection scottrade brokerage account minimum deposit mutual funds. See Scottrade brokerage account minimum deposit commission-free ETFs for more details. Opening Scottrade brokerage account is easy and the whole process can be done online in about 15 minutes.

To open an account, you need to provide such standard information as. Following is short introduction of Scottrade to give you a better scottrade brokerage account minimum deposit about features the broker. When it comes to funding the brokerage account, Scottrade is quite unique, in the sense the the money transferred from bank to broker account can be used to trade stocks almost instantly.

The system it uses, called Money Direct, is also an ACH system like what other brokers use meaning that you have to follow the same procedure to setup the Money Direct as you do with ACH: This is one restriction on using the fund to buy stocks in cash account.

Of course, you can also fund your Scottrade account by check you can mail your check or drop it off at their local office near you or wire. But Money Direct scottrade brokerage account minimum deposit the easiest way in scottrade brokerage account minimum deposit opinion once it is set up.

If you wish to move your money out of Scottrade broker account, there are a few ways to do so. To withdraw money, you can. Once the application is approved, Scottrade will provide the first 50 checks for free. The feature that is most appealing to me on the website is that it shows the total market value of my account graphically, giving me a clear picture of how my portfolio has been doing, even though the graphic only covers up to 6 months.

As far as I know, this feature is not available at scottrade brokerage account minimum deposit any other brokers I am using. Quotes are given numerically only, even though it does have a separate page where I can get plots and all the technical analysis tools. Trading from the main web page is easy: Enter the symbol in the Quick Quote on the left first then provide all the necessary order information or click the Trade tab on the top.

What I would like to see here is that a Trade button next to all the securities I am currently own Under Positions in homepage. Now even for those stocks, I have to go through the same steps enter symbol and order info to make a trade. While every discount broker provides its customers with real time quotes, not everyone offers streaming quotes for free. Scottrade is one of those does provide real-time streaming quotes to every customer. With Scottrader, you can either view your positions, or create a list of stocks you want to watch you can have up to 40 stocks in the watch list, which can be created at the web and imported into Scottrader.

With the Chart tool, you can draw charts with frequencies from 5-minute to monthly, add trend lines, and compare the price chart with such indicators as Simple Moving Average or Linear Regression Line, etc.

If you want do more comprehensive research, you can also go back to your Scottrade web account from Scottrader to access more stock, ETF, or mutual scottrade brokerage account minimum deposit research tools. Scottrade Review Update: Scottrade Commissions and Fees Scottrade has a very straightforward commission schedule for stock and ETF trades, scottrade brokerage account minimum deposit its commissions are not the lowest among online discount brokers. Fund Scottrade Account When it comes to funding the brokerage account, Scottrade is quite unique, in the sense the the money transferred from bank to broker account can scottrade brokerage account minimum deposit used to trade stocks almost instantly.

Withdraw Money from Scottrade Account If you wish to move your money out of Scottrade broker account, there are a few ways to do so. To withdraw money, you can Request a check; Wire the money to bank account; Use a Scottrade check card or check. Scottrade Real-time Streaming Quotes While every discount broker provides its customers with real time quotes, not everyone offers streaming quotes for free.

Enjoy your commission free trades. The first year APY is 1. Find out more about this offer. Recent Reviews Scottrade Reviews Update:

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Finding the best online stock broker is becoming more and more difficult every day. It seems like a new online broker is launched every month and cheap stock trading has become the way of the stock trading world. But with all of the new players in the game, it's the oldest and most respected online stock brokers that continue to offer the best deals. Just 10 years ago, trading online was nearly impossible.

As the years have progressed, trading stocks online has become easier for the consumer AND less expensive, which is a rare combination in business. Nowadays, you can find dozens of online stock brokers, each claiming to be the best at what they do. But just how many of them can offer cheap trading, expert customer service, lightning fast execution and cutting edge technology? Let's take a look. Ally Invest fits right at the top of our list as it seems to do everything very well.

If you follow SmartMoney, Barron's and other graders of online stock brokers, you'll find Ally Invest formerly TradeKing winning awards almost every time they are handed out. Finally, Ally Invest is a leader in educating customers and you'll find hundreds of resources to help both amateur and professional investors. See our full review of Ally Invest. To open up an Ally Invest account, visit their official website at www.

Scottrade currently offers fee-free IRA accounts and has fantastic customer service. In my 5 years of trading with Scottrade, I have never encountered a single delay, problem or inconvenience. While many other brokers offer similar services for cheap stock trading, I've found one that has been nothing short of fantastic.

I'm not about to risk having problems for a dollar here or dollar there. To open up a Scottrade account, visit their official website at www. Fidelity isn't your normal online stock broker. Most mobile devices are compatible with Fidelity. With hundreds of webinars to educate investors, Fidelity is a great place to begin your investing career.

To open up a Fidelity account, visit their official website at www. However, for the casual investor, it may be a better idea to go with one of the other brokers, to save money on fees. In addition, Capital One Investing now also offers managed portfolios. One of the premier benefits of having an account with Capital One Investing is that it can be connected with your Capital One account , making transactions to and from the bank a snap.

There is no minimum required to open an account and they are offering a variety of bonuses based on the amount of your initial deposit. To open up a Capital One Investing account, visit their official website at www. ChoiceTrade isn't your everyday online stock broker and if you visit their website, you'll know that right away.

However, the mail drawback to using ChoiceTrade is their platform. If you're looking for good technology, you will have to pay for it. ChoiceTrade does feature an in-depth investor community where you can ask thousands of fellow users your questions. To open up a ChoiceTrade account, visit their official website at www. In , they were ranked 1 for long-term investing by Barron's and 1 overall broker by StockBrokers.

To open up a thinkorswim account, visit their official website at www. SogoTrade is one of the quieter online stock brokers and unless you've already signed up an account with them, this may be the first time you've heard of them. With their four unique trading platforms and an app available for Apple or Android devices , SogoTrade continues to implement game-changing technology.

All of their platforms provide customers up-to-the-second data to help them make the well-informed trades.

To open up a SogoTrade account, visit their official website at www. Not into active, online trading? Try something a little less hands-on. See our list of the best Robo Advisors. PT is also the founder and CEO of FinCon , the conference and community dedicated to helping other financial influencers and brands. He created this website back in to share his thoughts on money, hold himself accountable, and to meet others passionate about moving toward financial independence.

This free software allows him to review his net worth regularly, analyze his investments, and make decisions about his financial future. Betterment focuses on what matters most: PT recommends this service to anyone looking to get started investing for themselves. Thanks for the info! I signed an account with sogotrade, after days of research I finally found a good broker for international clients!

Banc De Binary is yet another financial organization providing cheap trading services, would be happy if you also add them in this list. It is a good choice for both the casual and experienced investors. I completely agree with your point that E trade is a good option for experienced investors but not for casual investors who would have to pay a lot of fees on some basic things.

Lopez well, it seems that it was only yesterday. A lot of great reviews sites also popped up as mushrooms after a good rain. Needless to mention bancdebinaries.

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