Financial Institutions/Services - Scottrade
Number of Customer Reviews for Scottrade: 3
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Scottrade is a private stockbroker offering online trading to its clients at www.scottrade.com. Riney founded Scottrade in 1980 in Scottsdale, Arizona with two offices-one at Scottsdale and the other at St. Louis. Later, both offices culminated into a single one at St. Louis in Missouri. Now Scottrade has over two hundred offices all over the country offering personalized services. J.D. Power and Associates awarded Scottrade with the top investor satisfaction award for six consecutive years.
Scottrade offers various services like wireless trading, broker assisted trading, personal brokers, extended hours trading, free real time quotes, charts, stock alerts, free real time news research, free checking, electronic confirmation and statements, no transfer or IRA fees, low commissions of just seven dollars on most securities irrespective of number of shares traded, etc.
Scottrade offers all popular features at their web site. Their web site loads fast and there is no delay in executing your orders. There are no slow graphics or other distractions at their web site. Although Scottrade does not offer any investment advice, you can trade stocks through touch-tone telephone; broker assisted trading or wireless trading. Your charges vary accordingly. You receive fast and immediate updates of your balances.
You receive total assurance of full account protection at Scottrade. Customer service is excellent and easily accessible. Scottrade offers the highest ratio of brokers to daily trades and hence, all your requests and dealings face completion within no time. Another reason for their excellent service is their perfect coordination between online access and local branch offices.
However, there are conflicting reports about the services offered by Scottrade. Some customers complain about irregularities in logging on their web site. Either they are unable to log in or you log in but web site closes down just when markets open. You receive message like modification is off, trading not available, etc. Brokers are unavailable. Sometimes, they do not execute orders of thousands of shares immediately; instead, execute just a hundred immediately and the rest remains for a long time by when market prices change. There are allegations of different price rate for limit orders although company guarantees same prices for market and limit orders. Usually, Scottrade offers the best solution for conducting small trades on a cash account and you should be ready to do away with few cents here or there.
Customer Reviews for Scottrade:
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