Scottrade Promotions

Save with top Scottrade promotion codes for cash bonus, free trades, and transfer fee reimbursement.


Top Scottrade Special Offers

Scottrade is one of the most trusted online brokers. Its offers low fees per trade, superior customer service, and a full range financial services. It also has over 500 physical locations if you want to visit an investment consultant in person. Read our in-depth review to see why Scottrade scored 4.1 out of 5 stars.

Scottrade is currently offering two promotions:

Cash Bonus and Free Trades Promotion

Scottrade now offers a big bonus for new qualifying customers: up to $2,500 cash bonus or 700 free trades.

Here is how to get free trades on Scottrade: You'll need to open a new account and follow the promo terms including making the minimum qualifying deposits within 60 days of the registration date. Please note, the 700 free trades must be used within 90 days of being made available.

Special Offeron Qualifying Deposits of
700 Free Trades$50,000
$100$25,000 to $49,999
$200$50,000 to $99,999
$300$100,000 to $249,999
$600$250,000 to $499,999
$1,000$500,000 to $999,999
$2,500$1,000,000+

    Scottrade

    Get 90 Days Free Trades

    New clients only. To qualify, you must make $50,000 minimum deposit into a new account within 60 days. Commission-free trades must be used within 90 days of being made available, up to a maximum of 700 commission-free trades.

    Scottrade

    Get $100 Cash Bonus

    To qualify, you must make qualifying deposits of $25,000 - $49,999 into a new account or fund an existing account (eligible funds must come from sources external to Scottrade).

    Scottrade

    Get $200 Cash Bonus

    To qualify, you must make qualifying deposits of $50,000 - $99,999 into a new account or fund an existing account (eligible funds must come from sources external to Scottrade).

    Scottrade

    Get $300 Cash Bonus

    To qualify, you must make qualifying deposits of $100,000 - $249,999 into a new account or fund an existing account (eligible funds must come from sources external to Scottrade).

    Scottrade

    Get $600 Cash Bonus

    To qualify, you must make qualifying deposits of $250,000 - $499,999 into a new account or fund an existing account (eligible funds must come from sources external to Scottrade).

    Scottrade

    Get $1,000 Cash Bonus

    To qualify, you must make qualifying deposits of $500,000 - $999,999 into a new account or fund an existing account (eligible funds must come from sources external to Scottrade).

    Scottrade

    Get $2,500 Cash Bonus

    To qualify, you must make qualifying deposits of $1,000,000+ into a new account or fund an existing account (eligible funds must come from sources external to Scottrade).

Scottrade Transfer Fee Reimbursement

Scottrade will reimburse the account transfer fees up to $100 charged by another broker when you transfer your account (with a value of $10,000 or more) to Scottrade.

Here's how it works:

  1. Open a new Scottrade account.

  2. Log into your account and go to the My Account section.

  3. In the My Account menu, look for Transfer Funds (on the bottom left) and click Deposits

  4. Click Move an Account to Scottrade or complete the Account Transfer Form and visit a local branch.

  5. Complete the Account Transfer Reimbursement Request form. Mail, fax or deliver the form along with your account statement showing transfer fees to a local branch office.

Reimbursements will be made to your account via credit within 30 days of receipt of the Account Transfer Reimbursement Request form and proof of transfer fees.

The transfer reimbursement promotion does not currently have a termination date. But Scottrade reserves the right to terminate the offer at any time without prior notice or extend the offer at its sole discretion.


How to Get the Best Deal at Scottrade

Scottrade has been over 35 years, making it a reliable place to go for online trading. Plus, you can take advantage of in-person support and seminars at local branches across the country. Still, the company provides plenty of online resources to browse through. Before you do, though, find out how Scottrade works to find out if it's the best discount broker for you.

Check for promotions. Scottrade typically offers some sort of promotion for investors opening up new accounts. However, you usually need a large opening balance to qualify for the deal.

When to Use Scottrade

  • When you’re ready to invest $2,500. When it comes to trading, Scottrade requires a minimum opening account balance of $2,500 for brokerage accounts. There’s no way to get around this, so if you’re looking for a broker with a lower minimum, you’ll need to look elsewhere. Still, there’s no annual fee or inactivity fee, so it’s a great choice if you’re ready to invest at least $2,500.

  • When opening an IRA. There’s no minimum account balance for an IRA with Scottrade, so it’s a great place to supplement your other retirement savings.

  • When you’re unhappy with your current broker. If you have at least $10,000 managed by another broker, Scottrade will pay up to $100 in other broker transfer fees when you make the switch.

What to Do After You Open an Account

  • Take advantage of customer service. Scottrade consistently ranks among the best for its customer service experience, whether it’s on the phone, online, or in person. They even offer weekend hours, so it’s easy to make time in your own schedule to talk with a real person.

  • Download the mobile app. Scottrade’s app is one of the better discount broker platforms for smartphones. You can research, trade, and even transfer funds from the convenience of your phone.

  • Use the research tools. Experts laud Scottrade as having some of the best research tools available among online brokerages. Plus, all of the resources come with your account.

Best Things to Trade at Scottrade

  • Stocks. Trading stocks online is easy with a simple flat fee of $6.95 per trade. This is extremely inexpensive, particularly compared to the $32 you’d pay for a broker-assisted trade. It’s also one of the lowest (though not the lowest) among online discount brokers.

  • Options. Users recently benefitted from a big price dip in options trading with Scottrade. Down from $7 + $1.25/contract, the options fee now costs just $6.95 + $0.70/contract.

  • Mutual funds. Scottrade offers more than 2,500 mutual funds that don’t carry a transaction fee, which can save you money if you like to invest smaller amounts of money over time in mutual funds.

But Watch Out

  • ETFs. There are no commission-free ETFs available at Scottrade, so you’ll pay the regular $6.95 fee for each trade. That’s less than some competitors, but not ideal if you plan to make ETFs a large part of your portfolio.

  • Futures. Scottrade doesn’t offer futures trading as part of its online brokerage.

    Highlights

    Options Trading
    $6.95 + $0.70 per contract
    Read: Strangle
    Mutual Fund Trading
    No Fee to Buy/Sell/Exchange No-Load, No-Transaction Fee Funds
    $17 to Buy/Sell/Exchange No-Load Funds
    $0 to Buy Load Funds and $17 to Sell/Exchange Load Funds
    Penny Stocks
    $6.95 per trade + 0.5% principal for any stock trading under $1
    Customer Service
    (800) 619-7283 (Monday to Friday 6am to 1am Eastern; Saturday and Sunday 9am to 7pm Eastern)
    Inactivity Fee
    $0
    Maintenance Fee
    $0
    Minimum Deposit
    $2,500 for brokerage accounts
    No account minimum for retirement accounts
    Banking
    Scottrade Bank has no monthly maintenance fees, ATM reimbursement program, online bill pay, and mobile banking.
    Desktop App
    ScottradeELITE (requires you execute 9 or more stock or option trades during the past 3 months, have $25,000 in your primary account, or have $15,000 in your primary account and combined linked assets of $25,000 or more)
    Locations
    More than 500 branch locations
    Seminars
    In-person branch seminars, online events and live webinars
    Virtual Trading
    ScottradeELITE offers virtual trading

Pricing information from published website as of 03/27/2017

 ScottradeE*TRADE
 Learn MoreLearn More
 

Scottrade

E*TRADE

 

Benefits and Features

Stock Trading
$6.95 per trade
$6.95 per trade
$4.95 per trade if you make 30+ trades a quarter
Options Trading
$6.95 + $0.70 per contract
$6.95 + $0.75 per contract
$4.95 + $0.50 per contract if you make 30+ trades a quarter
Mutual Fund TradingNo Fee to Buy/Sell/Exchange No-Load, No-Transaction Fee Funds
$17 to Buy/Sell/Exchange No-Load Funds
$0 to Buy Load Funds and $17 to Sell/Exchange Load Funds
$0 for no-load, no-transaction-fee funds
$19.99 for transaction-fee funds
Commission Free ETFs 118 including ETFs from WisdomTree, Global X Funds, and db-X Deutsche Bank
Penny Stocks$6.95 per trade + 0.5% principal for any stock trading under $1
Broker Assisted Trades
$32
$25 + Regular Commission
Customer Service(800) 619-7283 (Monday to Friday 6am to 1am Eastern; Saturday and Sunday 9am to 7pm Eastern)
(650) 599-0125
Inactivity Fee
$0
$0
Maintenance Fee
$0
$0
Minimum Deposit$2,500 for brokerage accounts
No account minimum for retirement accounts
$500 for brokerage accounts
No account minimum for retirement accounts
BankingScottrade Bank has no monthly maintenance fees, ATM reimbursement program, online bill pay, and mobile banking.Checking account offers no minimum balance requirements, free online bill pay, and unlimited debit card and check transactions.
Mobile App
Desktop AppScottradeELITE (requires you execute 9 or more stock or option trades during the past 3 months, have $25,000 in your primary account, or have $15,000 in your primary account and combined linked assets of $25,000 or more)E*TRADE Pro (requires you execute at least 30 trades during a calendar quarter or maintain brokerage account balance of at least $250,000)
Futures Trading 
Locations
More than 500 branch locations
30
Online Community ETrade Community lets you exchange trading and investing ideas with other ETrade customers.
SeminarsIn-person branch seminars, online events and live webinarsLive events and educational seminars at local branches.
Virtual TradingScottradeELITE offers virtual trading 
 Learn MoreLearn More

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

Scottrade: Pricing information from published website as of 03/27/2017

E*TRADE: Pricing information from published website as of 03/13/2017


Articles on Scottrade

    Scottrade Review

    September 20, 2014 - By Cynthia Cohen - Reviews for Scottrade
    With low trade fees, excellent resources, and superior customer service, Scottrade is a highly trusted online broker. Read on for our in-depth review.

Recent Mentions


Add Your Comment

More Deals from CreditDonkey


Next Page:






About CreditDonkey®
CreditDonkey is a stock broker comparison website. We publish data-driven analysis to help you save money & make savvy financial decisions.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

†Advertiser Disclosure: Many of the card offers that appear on this site are from companies from which CreditDonkey receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). CreditDonkey does not include all companies or all offers that may be available in the marketplace.

*See the card issuer's online application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However, all information is presented without warranty. When you click on the "Apply Now" button you can review the terms and conditions on the card issuer's website.

CreditDonkey does not know your individual circumstances and provides information for general educational purposes only. CreditDonkey is not a substitute for, and should not be used as, professional legal, credit or financial advice. You should consult your own professional advisors for such advice.