Scottrade


5-star brokerage firm rating


Scottrade Minimum Deposit to Open Account



At Scottrade investors could open a new brokerage account with $500 down for cash account and $2,000 for margin account.




Scottrade Brokerage Commissions


  • Stocks and ETFs: $7
  • Stocks and ETFs broker assisted: $27
  • Stocks and ETFs Interactive Voice Response (IVR) Telephone System: $17
  • Options: $7 plus $1.25 per contract
  • Mutual Funds: 2,800+ for free, $17 for all others
  • CDs, OTC Secondary Corporates, OTC Secondary Municipals, U.S. Treasury Bills, Notes, Bonds and STRIPS, New Corporate Offerings: subject to a markup or markdown
  • Listed Corporate Bonds: $35 fee + $3 per Bond (minimum investment $1,000)
  • Unit Investment Trusts (UIT): $50 liquidation fee



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