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Click to go to the top of the page Scottrade - "Charge too much for trades. Not all stock dividends are allowed to be reinvested. One does not know which stock dividends are allowed to be reinvested till after stock is bought and dividends are/or are not allowed to be reinvested."
Sarah - USA (Sep-2014) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Limited news on companies is a con. Pro is the support and knowledge."
Al DiPietro - USA (Aug-2014) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Pros: Decent commissions and user friendly website. Cons: They don't have a DRIP program that allows purchase of fractional shares."
Jack Gorfien - USA (Jul-2014) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Easy to use, good local support are positives. Con is they do not have DRIP option on stock purchases."
Jim Farrell - California, USA (Jul-2014) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Good website usability, good research available."
Anne - Florida, USA (Jul-2014) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Quick responses and education is great."
James Patterson - USA (Jul-2014) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Could have better screening tools."
Mr. Koch - USA (Jun-2014) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Pros = least expensive. Cons = must do your own research."
James Talbot - USA (Jun-2014) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Very inexpensive to deal with, low commissions, few fees, no account maintenance costs, adequate research tools. No commission-free ETFs."
Darnell - USA (Jun-2014) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Low cost and excellent execution."
Robert - USA (Jun-2014) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Mobile app is awkward, hard to use. Should take CEO's helicopter away until they develop a usable app. Have to sign in from the internet to get a usable version."
Mike Ellison - USA (May-2014) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Pros: fees, office in my hometown, research, execution speed. Cons: none I can think of."
Bryan Dunn - USA (May-2014) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Pros - cost, convenience, and responsiveness. Cons - execution, range of offerings."
Tim Leclerc - USA (May-2014) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Low fees, Good online tools. Easy to read online investments and progress up or down. Still waiting to see how customer service is."
Ed Miller - USA (May-2014) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Reasonably priced broker fees. Very good tools for evaluating stocks and aexcellent client service group."
Ed Miller - USA (May-2014) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "No problems whatsoever over about 15 years & has a local office with real humans."
M. McGriffin - USA (May-2014) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Pros - cheap. Cons - cannot bid on ipo; cannot get option/put clearance; site not user friendly; research info sub par."
Bill Visotski - USA (Apr-2014) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "No professional advice on investing, the broker pricing is fair."
John Bentley - USA (Apr-2014) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Pros: Flexible Dividend Reinvestment Plan. Con:s Too many fees."
Robert Talley - USA (Apr-2014) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Pros: well known, cheap, many brick and mortar locations. Cons: no ACH withdrawals and occasional downtime."
Erik Thompson - USA (Apr-2014) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Low Fees. Good Research Reports. Website dependable. Good portfolio tracking and gain/loss reports. Good customer service. Has local office."
Dave - USA (Apr-2014) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Cheap trades. Quick to respond when I need service. I do my own research and generally don't trust recommendations from brokers."
Mike Roberts - USA (Apr-2014) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Difficulty in getting a distribution in a "timely" manner."
Ed Dombrowski - USA (Apr-2014) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "They brought stocks they new went over my limit an now I have to come up with extra money to pay for trades."
Jimmy - USA (Apr-2014) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "They are easy to reach by telephone in real time. There electronic feed and research info is iffy."
Susan Mohler - USA (Apr-2014) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Lots of help via videos, blogs etc. Scottrade Elite platform is free. Strategy sessions are helpful. Web site is easy to use."
Lesm Prigmore - USA (Feb-2014) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Customer service and technical support are good."
Bill Padgett - USA (Feb-2014) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Won't let displayed page remain on screen for more than five minutes before a fresh log-in is required. Phone help is available quickly. Commission is affordable."
David P. Smith - USA (Feb-2014) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Cheap, quick, very little in the way of personal service, especially for a large account."
Bob Weir - USA (Jan-2014) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Great website, fast transactions and reasonable price for trades."
Albert Thomas - USA (Jan-2014) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Been with Scottrade since 2008. Worsening service on the busiest market days. Streaming quotes freezes, limit orders take up to 1.5 minutes to be acknowledged. Only screen shots prove this to office personnel. Moving my six figure account to Fidelity for reliability"
Joseph Nicholas - California, USA (Jan-2014) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "No advice unless you go to their office."
Andrea Day - USA (Jan-2014) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Very good web site, low fees, courteous personnel."
Sin Mariano - USA (Jan-2014) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "No info. on stocks worth anything."
Paul Kelly - USA (Jan-2014) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Very easy to trade stocks and securities and help line folks are always knowledgeable."
Douglas Klimas - USA (Jan-2014) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Wish they offered with a fee investment advice or planing."
Jim Davey - USA (Jan-2014) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Pro: Low fees. Con: Information."
J. Merola - USA (Jan-2014) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "I honestly don't trade very often so do not have enough activity to feel any reason to knock them. The vast majority of my trading is for my retirement fund of which a large portion are Dogs of the Dow and have treated me well. On the Pro side I would say that there are plenty of tools for investigating stocks and investment choices."
Stephen Fullerton - Colorado, USA (Jan-2014) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Pros: instant service, easy trades, reasonable fees"
Michael Cheverie - USA (Jan-2014) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "I get a terrible price with market orders nearly 100% of the time."
Mark Kemp - Arizona, USA (Jan-2014) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Pros: cheap, accessible in person, not overly qualified but helpful."
Edward Ross - USA (Dec-2013) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "I recommend Scottrade to family and friends or anyone. Customer service good. Need to get a school on what is available on their website."
Nutt Zane - USA (Dec-2013) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Can call when i want and they arn't calling you to try to move a stock around. Provide good advise and helpful."
Adrian Deering - USA (Dec-2013) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Low commission, decent stock screening tools."
Norman Allen - USA (Dec-2013) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Pros - Good customer service. Available by phone and local offices. Low fees, good research tools (reports, screens, etc.) No cons."
Dave - California, USA (Dec-2013) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Slow to get news and it will have short delays for up to 5 seconds at times. This is not caused by the ISP and have noticed it on Comcast and Charter fast internet."
Joe - USA (Nov-2013) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Pros: Low cost trades. Available in my city."
Henry Alvarez - USA (Nov-2013) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Good service. Local office excellent."
Aleksen Jvisant - USA (Nov-2013) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "$7.00 per internet trade, easy to contact, customer service is excellent."
Nancy L. Goodman - USA (Nov-2013) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Former Branch Manager at Scottrade. Now retired. Love the company so I remain loyal."
Dave Shamblen - USA (Nov-2013) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Pros: fees, customer service. Cons: research."
Thomas E Clark - USA (Nov-2013) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Great tools and education topics."
James Patterson - USA (Nov-2013) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Very good website overall, including Elite Trader element. Education section is also good, but some of the examples are kind of murky. Mobile access is very good on new Android tablet (doesn't require an app). Mutual fund screener is excellent. Cons: Transaction fees are too high for options. They are somewhat high for stocks/ETFs, and for at least some well-performing funds from Fidelity and some other sources are quite high for mutual funds ($17.50 in either direction)."
Jerry - USA (Oct-2013) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Low fees. good website. Fast executions of trades."
David King - USA (Oct-2013) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "When I have a question, I can get the answer quickly and in language I can understand."
Donald Fansler - Colorado, USA (Oct-2013) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Research, website usability, mobile, customer service."
Nghiem van Bui - USA (Sep-2013) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Low fees, good research information, good website, local office, knowlegible staff."
Roy Jannenga - Pennsylvania, USA (Sep-2013) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Easy to use. Reasonable fees."
Alan Chazin - USA (Sep-2013) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Fees are low, research is good."
Edward Mizelle - USA (Sep-2013) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Excellent execution. Low cost."
William Peters - USA (Sep-2013) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Weak on research."
Steven Collins - USA (Sep-2013) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Good customer service, pleasant and helpful staff, and low fees with trading at my fingertips!"
Deborah Molnar - USA (Sep-2013) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Website works well needs some improvements (not able to scroll on Scottrade elite)"
Dirk - USA (Sep-2013) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Excellent customer service. Low sales fees. Online services work well but could be better. Drip program works well but could incclude more stocks to put it in."
Devon King - USA (Sep-2013) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Extensive research capability, low commissions, rapid executions,and easy to use web site and trading platforms."
John Sherman - USA (Sep-2013) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "They always answer my questions and react quickly to me request."
Alan - USA (Sep-2013) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Great communication and efficient service. No cons to speak of."
David King - USA (Sep-2013) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Easy, clear and quick."
Frank Zeng - USA (Aug-2013) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Offer more frequent, and in depth, person to person class instruction at their local offices, so that subscribers can be shown how to understand, and use all aspects of their website. Trying to learn this on-line by trial and error takes too much time and defeats the purpose of trying to handle your own investments. The price is good, but instruction is limited so having all the options does most people no good. Scottrade needs to address this."
Stephen Fasul - USA (Aug-2013) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Best prices and good selection."
Bryan Niemeier - Illinois, USA (Aug-2013) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Scottrade is available by phone or by email. I like their research, website usability and customer service."
Signa Schmidt - USA (Aug-2013) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "I have two accounts with Scottrade and have found no problems with GTC, Stop, Limit orders. Also, a good selection of CD's and Bonds. The Scottrade Elite seems to be everything I need. However, I was looking around for a place that would better serve me for an LLC, Scottrade has no banking for LLCs although they did send me so checks for my brokerage account."
Wyatt Thomas - Louisiana, USA (Jun-2013) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Very good research materials and ease of access to account is great."
Danny Arrington - USA (Jun-2013) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Fees are the lowest I've found."
Allan - USA (May-2013) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Low fees, No maintenance fees -- Website is hard to learn."
Jim Davey - USA (May-2013) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Good research and trade execution."
Dan Briggs - USA (Apr-2013) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Need to offer gtc orders."
Robert Buckley - USA (Apr-2013) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Good service. Always available."
Jack Schultz - USA (Apr-2013) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Pros: low commission, ease of trading."
David - USA (Apr-2013) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Pros: Ease of use. Low expense. Good access to research."
James Smith - USA (Apr-2013) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "$7.00 trades are reasonable and they have offices here in Vegas."
Ken Edwards - Nevada, USA (Apr-2013) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Good no account fees broker. Trade and wait is ok with them."
Jim Cameron - USA (Mar-2013) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Would like to more flexible reports, especially for multiple accounts."
Lynette Kuykendall - USA (Mar-2013) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Pros: Low fees and website are very user friendly. Local office and excellent customer service."
Doris Johnson - USA (Mar-2013) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Good information, charts, research, inexpensive."
Richard Hendershott - USA (Feb-2013) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Pros - Cost, quick fills, easy web site."
Robert Deiuliis - USA (Feb-2013) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Pro: Website is very nice-has a lot of information and is easy to use. Cons: Need to permit auto-reinvestment of dividends in account."
Robert Bartlett - USA (Feb-2013) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Pro: $7 trades. Con(1 of many): wide spread between what you receive when you sell a stock and what you have to pay for that same stock!"
Clarence Allen - USA (Feb-2013) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "I have been using Scottrade for about one year now, platform seems to have everything that is necessary for a good trading experience. After first opening the account I received a call from customer service, they were friendly and helpful and offered to schedule an appointment to visit a nearby branch to discuss how to properly use website/platform. After the visit I was surprised by how much interest they showed in helping me to become as familiar with their services as possible. Here's a code for 3 free trades at sign up in case anyone is interested: FDUK8950 Never Expires."
Daniel - USA (Feb-2013) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Customer service is very good, commissions are low, range of offering also good, website is easy for a 86 year old."
Helen Shrum - USA (Feb-2013) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Low cost. Ease of trading."
Paul Taylor - North Carolina, USA (Feb-2013) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "They have reasonable commissions and fees. They offer many services such as banking, quotes, and research. Trading has been very easy and quick."
Elizabeth Wilkinson - USA (Jan-2013) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Good research, fair commissions, great customer service, good educational services. Options First and Scottrade need to share the same platfotm."
Garry Stone - USA (Jan-2013) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "They do not charge inactivity and any handling charges."
Varun - USA (Jan-2013) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Fast. Low cost. Accurate."
Richard Bauer - USA (Jan-2013) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Cheap. Easy to reach for help."
Larry Rachal - USA (Dec-2012) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "If I need help, all I have to do is call the local office. The price has never changed. The website is great."
Bryan Niemeier - USA (Dec-2012) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Scottrade is user friendly"
Jason Kong - USA (Dec-2012) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Pros: Low fees, website usability."
David Bruce - USA (Dec-2012) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Excellent service, reasonably low cost trades, functional website. Only con is that there are lower transaction costs available at several other discount brokerages."
Ian Reeve - USA (Dec-2012) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "No automatic dividend reinvestment."
Michael Treman - California, USA (Dec-2012) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "I really like Scottrade."
Joyce Tone - Florida, USA (Dec-2012) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Good trade execution, good research and charts."
Dan Briggs - USA (Dec-2012) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Scottrade does everything I need to buy and sell stocks and ETF's."
Jim Ramey - South Carolina, USA (Nov-2012) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Pros - low cost. Cons - website usability."
Felicia - Texas, USA (Nov-2012) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Stock trade commissions very good but no div. reinvestment for stocks or purchase of Treasuries direct."
B. Brockman - Kansas, USA (Oct-2012) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "In my streaming quotes only the stocks that I am trading stop streaming. I find this very odd and suspicious. All 30 other stocks keep updating and then I refresh my account and see that my stock has moved against me. I have contacted them twice with no real answer. Also they took my short position once and multiple times will not let me short a widely traded stock. I will be leaving this broker."
Dan Jensen - Oregon, USA (Oct-2012) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Good selection of securities, low cost trades, good trading platforms to work with."
Keith - Texas, USA (Oct-2012) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Good screener."
Paul Harland - USA (Oct-2012) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Pros: fees, access to analyses, tax help. Cons: no office here."
Robert Ferrell - USA (Oct-2012) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Brokers are extremely personable and helpful."
E. Sharon Capobianco - Rhode Island, USA (Oct-2012) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Not only is Scottrade's commission commission schedule very competitive, their fees are amongst the lowest."
Miguel - Arizona, USA (Aug-2012) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "It is good to know that I am not the only one that has lost money do to Scottrade misinformation and problems with the trading platform. Make a trade and watch it go to sleep. Nice to get the wrong information from branch manager and surprise. You have to pay more than 6k in taxes when you are disabled. They know how to take care of you when you are going put in more money. Thanks for screwing me. Never again. Go to someone else!"
Phaneuf - Massachusetts, USA (Feb-2012) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "I've had no problems whatsoever with Scottrade. All my orders have gone through without a hitch and my local branch has been responsive to my questions. Their stock screeners are easy to use and their research is decent, though perhaps not as comprehensive as Zack's or Morningstar. Best of all, their commission per trade is on the low side of the spectrum. I would recommend them."
Quinn - California, USA (Feb-2012) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "I now only use scottrade for Dow Dog investing but when I first started, I used some CANSLIM style investments with a trailing stop. I didn't read the fine print on those terailing stops and Scottrade limits them to like 3 months. So all my investments stopped out one day and I thought, great the market had a downturn and my sell orders were place. Oh contre, all my trade were executed becuase of a Scottrade imposed limitation on my trailing stops. It's a big deal to move everything to another broker and I probbaly will once I really research the finer points. Other than this, Scottrade is OK for my style of investing. But beware."
Bill Morris - Ohio, USA (Dec-2011) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Scottrade charges $10.00 a month to let you use Level 2 Quotes but it is no way unusable. I can get more accurate L2 Quotes from a free site."
Heather - Kansas, USA (Dec-2011) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Absolute nightmare. 1. Website full of bugs, freezes, and random links. 2. Trading platform WILL freeze on Normal volume trading, leaving you helpless. 3. Customer service: Answers phones with "what up" "yo" and 3 different people used profanity on the phone. Is this a business??? They disable stoploss if a stock drops >20% automatically to protect other investors. (yeah I was shocked too) Bottom line is if you want to lose money to hidden fees, incompentence, and be treated like crap by people with no business being brokers, Scottrade is your company!"
Davis - Texas, USA (Nov-2011) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "I have been with Scottrade for a long time. I have never had any troubles at all. "None" Scottrade has a "New" referral code: IXFV9382 that will get you 3 free trades when you open any type of account in 2011 and 2012 year."
Lyn Corm - Kansas, USA (Oct-2011) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "The best brokerage experience I have had. They are responsive to my inquiries and requests. Quick to execute not only trades but account matters."
Phillip Barber - Tennessee, USA (Sep-2011) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "I have been trading with Scottrade for many years. I have recently identified a pattern of trade execution that deprives me of profits, and increases my losses. Scottrade uses marketmakers who apparently are allowed to make a profit on our trades (in addition, I presume, to a regular commission based on the number of trades they make). As one of many examples, I today put up a stock for sale at a limit price of 5.75. The bid was at arount 5.50 and the ask was at about 5.80. Within .2 seconds, the following transaction took place: 100 of my shares were bought by the market maker at 5.755, and those same 100 shares were immediately sold by the market maker for 5.781. In the process, the market maker made 2.5 cents/share on my transcation. Being only 100 shares, this was only 25 cent. However, that is 25 cents that I should have made, as there was obviously a willing buyer at more than 5.78, and a willing seller(me) 5.75 or betteer. The rule as I understand it is that a market maker must execute a trade at the best possible price. The best price available to me at that moment was obviously 7.78. So, how could the market maker take away 3 cents per share of my profit for himself? That's stealing! This goes on all the time with my transactions, and probably adds up to hundreds of thousand of dollars extra money per day for the market makers. My question is this: Scottrade is responsible for employing these market makers and knowing that we are not getting the best possible executions. And, another post on this site has informed me that Scottrade uses Knight -- a separate company of which Roger Riner (owner of Scottrade) is on the Board. This sounds like a conflict of interest to me, and a failure to provide exectuions as promised, and the way they are supposed to be done. I would like to bring an action against Scottrade and the market makers they employ for my lost profits."
Tom Grossman - California, USA (Jul-2011) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Unreliable software and computer system = lost money. How much money do you want to lose? And of course, Scottrade is not responsible for bugs in their system, no matter how much money you've lost."
John McGrew - USA (Jun-2011) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Generally speaking Scottrade is getting better all around except in one area: customer service. It completely sucks. Because they have a branch model they cannot centralize and control quality. My branch is unresponsive unless you call and call again (yet they say to fax forms in...)."
Franz Zemen - USA (May-2011) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "While generally a good broker for my stock and mutual fund trades, the more esoteric things like selling short shares, certain thin traded securities, etc. were a problem. All to often you have to call your branch office for satisfaction and they come through for you. Unfortunately, for them, I found a better broker not on your listings."
Paul Hertz - California, USA (Apr-2011) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "my problem with Scottrade is that I noticed that if I put a limit order in to sell or buy at a certain price it will not go through, though I will see it hit that price on yahoo google finance or cnbc rt"
Hugo - Nevada, USA (Mar-2011) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "I like to trade using the Scottrade elite platform. The only thing I have trouble with sometimes is trying to sell my positions when the market turns against me. Their whole platform freezes up for some odd reason and it ends up costing me big bucks. Other than that the platform works perfectly when I'm not holding any positions. Yes, I know...I should probably just go somewhere else where these problems can be avoided altogether."
NA - Virginia, USA (Mar-2011) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "After opening my account I put about $7k in right away using the electronic transfer. I then bought some stocks using most of that money after the account said I had that amount available to trade. Three days after buying the stock I get a message from Scottrade saying that the money didn't go through and that if I don't rectify it within the next two hours they will sell my stock. I wasn't able to get this message in time so they sold the stock. Also, the stock happened to go down ~3% overall in those three days so now I owe Scottrade the amount it went down. Other than that the company seems alright, although I won't be keeping my account after this experience."
Jacob Peterson - Minneapolis, USA (Jan-2011) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "They were able to circumvent my account's being compromised when my records were breached. I didn't even know it was happening"
Beth Decker - Florida, USA (Sep-2010) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "I have over 20 years investment experience. Over the last 3 years I have traded with TD Ameritrade, Charles Schwab, E-trade and Scotttrade. Also, I have extensive experience with brokerage firms such as Morgan Stanley, UBS Painewebber, Solomon Smith and Barney, Brown Brothers Harriman and Citigold. I do not believe there are regulations in place to protect retirement plans, IRA's or general savings. I believe "Wall Street" (a term used to describe the financial sector here and around the world) has become incredibly dishonest and unlawful. The SEC and FINRA are failing as such should be replaced by new agencies. My experience with online trading is the tail of two cities I have had great success with E-trade. Scotttrade also appears to perform well, however I do need more time to properly evaluate this company. As far as TD Ameritrade, you have no control over your account; I have had good trades backed out and I have not been able to execute certain trades. Their front page (Balance and Positions) is the weirdest thing I have ever used. They have a special rule that stymies the trader's ability to navigate their investment and they refuse to fix their problems. E-trade gives you your gain and losses immediately. TD Ameritrade porn's this data to a third party who TD disclaims they are not responsible for their data you receive. They are making incredible profits and myself and others feel their staff is ether demoralized or in denial. Schwab is worse than TD Ameritrade. This is my experience, I am not endorsing any trading house, however, please be careful with all online brokers."
Walter Uncle - Florida, USA (Mar-2010) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "These guys cost me a lot of money with poor trade executions and even totally delayed order entry. There software is slower than others -- so you lose money trying to get in. Plus, no site has as many problems as this one -- goes down fairly regularly wen the market heats up.. With all the good brokers out there why try this one -- runnnnnn! I've used three or four others and rarely had a problem. Service at my local branch in the philly area was so bad, I'd avoid calling unless absolutely necessary, I was hoping calls would go to their HQ, unlike what their commercials say. They're awful!"
C O - Pennsylvania (Nov-2009) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "The level 2 quotes do not correctly reflect all bid and ask prices. I placed a limit order which at a bid price and could see the volume on the bid of the level 2 quote system was less than what I was requesting. This is a common problem. Also, for Scottrade Elite users, if you pull up a Daily chart viewing 8 months of symbol ADP, you will see that on new years day 2009 the chart will repeat itself. I've called this and other data errors with their service and the problem has not been corrected. It really diminishes the confidence I have with this company."
M T - USA (Jun-2009) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "I am pulling out all my money and transferring my older IRA accounts out of Scottrade due to horrible customer service at their Washington DC branch. I recently signed up for an individual account with Scottrade and used their MoneyDirect deposit method to fund my account. The MoneyDirect application timed out as I was making my deposit so I tried again (after verifying the first deposit didn't go through). Imagine my horror when the 1st "failed" deposit re-appeared after a couple of days and bounced with my bank. When I called Scottrade they were pretty nonchalant and said "It is your fault. You authorized it. We will attempt to withdraw again. You need to put a stop payment". I am totally blown away by their attitude and attempt to take my money just cuz they got my bank account details! Goodbye Scottrade!"
Frank Seth - Washington DC, USA (Apr-2009) - Reply or add your Scottrade review

Click to go to the top of the page Scottrade - "Last week I was holding a position overnight. I got up in the morning just before open to monitor my position. I tried to log onto to Scottrade but I couldn't get in. I tried for about 5-10 minutes and finally I got in. Meanwhile my stock has peaked and then came back down below open. In all I lost about $400. When I called Scottrade they said that somehow everything got sent to one router and it got overwhelmed. He seemed pretty casual about it. I asked him if he could make for my losses and of course he said no. I have since requested a wire transfer of my funds to my checking account. My trades have already settled but Scottrade is just sitting on my money. They take their fees pretty quick, but you need an act of congress to get them back. By the way this was Scottrade Oakland."
David Sands - California, USA (Mar-2009) - Reply or add your Scottrade review


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