Scottrade is a strong candidate for beginner investors who want more than online-only service. The company has one of the largest branch networks in the industry — roughly offices across the country — and offers nearly round-the-clock phone and online chat support staffed by more than 1, investment consultants seven days a week.
Back to those branch offices: After that, the two brokerages will merge services and offices under the TD Ameritrade name. Scottrade Dayana Yochim Jan.
Scottrade is best for: Eastern, Saturday-Sunday 9 a. Along with a partnership with Interactive Brokers, this made Scottrade a player in the options trading arena.
Other freebies include branch appointments, portfolio review services and real-time streaming quotes and charts for nonprofessionals. Customers who call during normal business hours are routed automatically to their local branch. Trade platforms and tools: Scottrade SmartText translates technical indicators on charts and screeners into plain English and provides context for investors.
The Scottrader Streaming Quotes desktop platform is a step up in from the website in functionality. Here, investors have access to advanced charting with 30 technical indicators, advanced order entry with provisional trade commands, watch lists, real-time news from Dow Jones and, as the name implies, streaming quotes. Real-time streaming quotes and charts are free for nonprofessionals. TD Ameritrade offers both — and rates highly in our reviews of brokers for futures and forex trading — which means these investments will be available to Scottrade customers after the merger.
Given the philosophical similarities to TD Ameritrade, those pluses will likely remain and even grow stronger after the acquisition is completed. Open a Scottrade Account. NerdWallet is a free tool to find you the best credit cards, cd rates, savings, checking accounts, scholarships, healthcare and airlines. Start here to maximize your rewards or minimize your interest rates. Get started on Scottrade's secure site. Compare Scottrade with other brokers.
See the Best Online Trading Platforms. See the Best Brokers for Beginners. Multiple trading platforms for web, desktop and mobile; access to some platforms requires meeting minimum account balance and trading activity requirements. Phone support weekdays 6 a. Eastern Email support and live chat local branches.More...