They offer a wide variety of investment options ranging from traditional brokerage accounts to IRAs with very competitive fees. This review will go over the ease of opening an account, the user interface, finding investments, fees, unique features, trading platforms and tools.

Scottrade offers one of the best investment experiences for a new or casual investor. Opening a Scottrade account is almost the same as opening any other investment account or bank account. They will ask you for all the relevant information along with some personal questions to verify your identity.

All in all, registration takes around 15 minutes and the questions are fairly straightforward name, address, employer information, beneficiary, etc. With the advent of an electronic signature, opening an account with the broker can be done online from beginning to end. Also, if you run into any issues, you can always call its national service center seven days a week or reach its representatives via chat system or email. In fact, the company's customer service is outstanding.

Communication is good throughout: Scottrade sends you emails regarding next steps, the status of your account, and they are easy to contact if you have more in-depth questions. Scottrade updated its website, giving it a new look. The navigation throughout the website is very easy. To make it more convenient for its clients, Scottrade allows some room for customization. The home page can be fully adjusted to an account holder's preferences by adding or removing blocks of content such as News, Positions, Alerts, Gainers and Losers, and other modules up to 13 in total.

In addition, multiple home pages can be created if needed. Entering or exiting position can be done from any page on the website with the Quick Trade Bar, which appears at the bottom of a screen. In addition, the bar displays three stocks or indexes of a customer's choice, allows investors to make research and build option.

Account balances, positions and open orders can also be checked through the Quick Trade Bar's right menu. The bar can be easily detached to a separate window or minimized by clicking a big arrow button at its right border. In addition to the website, Scottrade provides two other platforms - Scottrade Streaming Quotes and Scottrade ELITE. A Java-based platform, Scottrade Streaming Quotes is customizable, easy to use and available to all customers. Scottrade ELITE is the most advanced broker's platform.

Unlike Scottrade, TD Ameritrade's professional level platforms are available to all customers with no conditions and free of charge. The brokerage firm provides a variety of IRA accounts ROTH IRA, Traditional IRA, Rollover IRA, K Plans, Simple IRA, SEP IRA, Defined Benefit, Money Purchase and Keogh DVP , which is another advantage of Scottrade.

Unlike some other well-known IRA providers, no account fees are charged at the broker, not even for closing an account. Along with a wide range of investments and straightforward commissions it makes Scottrade one of the best IRA providers in the country. Obviously, IRA accounts are not available for non-US residents.

Another advantage of Scottrade's website is its wealth of knowledge hidden behind its new interface in the Knowledge Center section. Some parts of this educational section are open to the public. Of course, the broker's customers will benefit the most from the Knowledge Center as they can gain a full access to the informational and educational tools provided by Scottrade.

This is especially useful for new IRA account holders who may be interested in learning more about the tax advantages and rules for their account. All investments involve risks, including the loss of principal invested.

Past performance of a security does not guarantee future results or success. Scottrade®, the Scottrade® logo and all other trademarks, whether registered or unregistered, are the property of TD Ameritrade, Inc.

All rights reserved. Used with permission. TD Ameritrade, Inc. This is not an offer or solicitation in any jurisdiction where we are not authorized to do business. TD Ameritrade is a trademark jointly owned by TD Ameritrade IP Company, Inc.

Log in Open New Account. Scottrade clients have moved to TD Ameritrade Account conversion is now complete. How to access your TD Ameritrade account Log in to your account Enter your legacy Scottrade account number in the UserID field Enter your legacy Scottrade password Explore your new investing site. In terms of research this broker is perhaps not as thorough as some of its competitors, but most of what you need is pretty well covered. You can access fundamental data such as earnings and other financials, and detailed reports from third party providers.

For technical analysis there are a number of charting tools to help you. They make it relatively easy to analyze real time price and volume data and use over 20 technical indicators and trend lines. You can create watch lists and add alerts to notify you if certain criteria is met. This enables you to analyze specific indicators and provides you with a written, and easy to understand, explanation of what those indicators imply at any given time.

This can be incredibly useful for all traders, but especially beginners who are still getting used to actually interpreting what the data they are seeing means. The customer service at Scottrade is impressive, and not only because they utilize their branch offices.

If you phone the support number you will be redirected automatically to your closest branch. You can expect to speak to someone knowledgeable and helpful, who should be able to deal with any questions that you may have.

Scottrade also offers live chat on its website, email support, and you can even visit one of their branches if you live close enough. The only real negative about the customer support here is that it isn't available 24 hours a day, 7 days a week. It's probably unlikely that you will need assistance outside of normal working hours too often anyway, but some other brokers do offer round the clock support.

For beginners looking to use their first online options broker, Scottrade offers a couple of significant advantages. In addition to lots of written content you also gain access to live interactive presentations and podcasts that cover a range of different topics. Second, with a Scottrade account you are able to visit one of their branches and get some face to face time with an advisor. You can get advice on general investment, trading strategies, and help with how to get the most out of your online trading account.

Home Glossary of Terms History of Options Trading Introduction to Options Trading Definition of a Contract What is Options Trading?

Discover why you should choose TD Ameritrade to help you with your investing needs. Everything you get, from award-winning trading tools, to guidance and retirement resources to industry-leading service, is built around you. Open an account today and you will also get access to:. exchange-listed stocks, ETFs, and options.

Check the background of TD Ameritrade on FINRA's BrokerCheck. Options involve risks and are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses.

Options trading privileges subject to TD Ameritrade review and approval. Please read Characteristics and Risks of Standardized Options before trading options.

The risk of loss in trading futures and forex can be substantial. Clients must consider all relevant risk factors, including their own personal financial situation, before trading.

Trading foreign exchange on margin carries a high level of risk, as well as its own unique risk factors. Forex investments are subject to counter-party risk, as there is no central clearing organization for these transactions.

Please read the Forex Risk Disclosure before trading this product. TD Ameritrade is subsequently compensated by the forex dealer. Not all account owners will qualify. All investments involve risks, including the loss of principal invested. Past performance of a security does not guarantee future results or success. Scottrade®, the Scottrade® logo and all other trademarks, whether registered or unregistered, are the property of TD Ameritrade, Inc.

All rights reserved. Used with permission. TD Ameritrade, Inc. This is not an offer or solicitation in any jurisdiction where we are not authorized to do business. TD Ameritrade is a trademark jointly owned by TD Ameritrade IP Company, Inc.

Log in Open New Account. Scottrade clients have moved to TD Ameritrade Account conversion is now complete. How to access your TD Ameritrade account Log in to your account Enter your legacy Scottrade account number in the UserID field Enter your legacy Scottrade password Explore your new investing site. A customized Welcome Center will help you learn about all the new features available to you.

Interested in opening a new account? Applies to US exchange listed stocks, ETFs, and options. Legacy Scottrade account questions? Call to speak to a TD Ameritrade representative. Find a branch. Learn more. open and close button.

Forex accounts are not protected by the Securities Investor Protection Corporation SIPC.

TD's purchase of Scottrade is expected to close in the second half of fiscal Scottrade what is the best bitcoin profit trading platform in geneva review scottrade options trading form Broker assistance for the analysis of daily reports related to options,. TD Ameritrade is subsequently compensated by the forex dealer. Check the background of TD Ameritrade on FINRA's BrokerCheck. Who We Recommend Scottrade to. Brokers Best Online Brokers for Beginners of

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