Scottrade provides an option for those seeking a solution for online stock trading. At TheBestCompanys, we took at a look at Online Stock Trading companies and reviewed them to find the good, the bad, and the bottom line.
2. The Good
• There is little to not like with Scottrade. The company provides any
and every tool imaginable for its customers, from its tremendous
website packed with valuable information, to its innovative trading
platform and expert analysis.
• The mobile apps are state-of-the-art and simple for anyone to use.
They offer convenience and excellent usability. Another great and not-
so-common among competitors is the many branch locations
Scottrade boasts. There are a total of more than 500 offices
nationwide. The number of investment options is enviable as well—
from stocks and bonds, to retirement choices.
3. The Bad
• There isn’t much to frown upon with Scottrade, but the $2,500
minimum to open an account is a negative, especially when many
others in the industry require no such minimum balance.
• No online chat for customer service also deserves a thumb’s down.
4. The Bottom Line
• The few negatives aside, Scottrade is one of the oldest and best in the
online brokerage firm space. The company has been around, and it
knows what it is doing. It utilizes its vast experience and know-how to
set itself apart from the competition.
• The pricing is favorable; it is not the cheapest or the most expensive.
So it isn’t hard to recommend this company to any investor or trader.
• Whether you’re completely new to the game or are shopping around
for a new partner, Scottrade will definitely not let you down.