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.

9/18/2017 Updated: Scottrade has been acquired by TD Ameritrade. Scottrade and TD Ameritrade have joined together. All Scottrade accounts will convert to TD Ameritrade. New accounts should be open at TD Ameritrade.

TD Ameritrade Promotions

    Get 60 Days of Commission-Free Trading

    Open a new account by 3/31/2018 and fund within 60 calendar days of account opening with $3,000 or more. Offer is not valid on tax-exempt trusts, 401k accounts, Keogh plans, Profit Sharing Plan, or Money Purchase Plan. Terms apply. See TD Ameritrade's website for details.

    Expires 3/31/2018

    Get $100 and 60 Days of Commission-Free Trading

    Open a new account by 3/31/2018 and fund within 60 calendar days of account opening with $25,000 to $99,999. Offer is not valid on tax-exempt trusts, 401k accounts, Keogh plans, Profit Sharing Plan, or Money Purchase Plan. Terms apply. See TD Ameritrade's website for details.

    Expires 3/31/2018

    Get $300 and 60 Days of Commission-Free Trading

    Open a new account by 3/31/2018 and fund within 60 calendar days of account opening with $100,000 to $249,999. Offer is not valid on tax-exempt trusts, 401k accounts, Keogh plans, Profit Sharing Plan, or Money Purchase Plan. Terms apply. See TD Ameritrade's website for details.

    Expires 3/31/2018

    Get $600 and 60 Days of Commission-Free Trading

    Open a new account by 3/31/2018 and fund within 60 calendar days of account opening with $250,000 or more. Offer is not valid on tax-exempt trusts, 401k accounts, Keogh plans, Profit Sharing Plan, or Money Purchase Plan. Terms apply. See TD Ameritrade's website for details.

    Expires 3/31/2018

    Open an IRA in 15 minutes or less.

Scottrade Offers You May Have Missed

Don't miss another hot deal. Check back often at CreditDonkey.

    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.

    Expired 12/31/2017
    $100

    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).

    Expired 12/31/2017
    $200

    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).

    Expired 12/31/2017
    $300

    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).

    Expired 12/31/2017
    $600

    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).

    Expired 12/31/2017
    $1,000

    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).

    Expired 12/31/2017
    $2,500

    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).

    Expired 12/31/2017

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

    Fidelity Investments Review: Best Broker for Long-Term Investors?

    March 9, 2016 - By Leah Norris - Reviews for Fidelity
    Thinking of opening a brokerage account with Fidelity? There are many reasons to love Fidelity and a few reasons to think about going elsewhere.

    TD Ameritrade Review: Pros and Cons

    June 27, 2015 - By Leah Norris - Reviews for TD Ameritrade
    Ameritrade fees are higher than competitors, but is it worth it? We say yes and here's why. We analyze and compare it for you in our in-depth review.

    Study: Best Online Stock Broker for College Students

    March 6, 2015 - By Cynthia Cohen - Reviews for Student
    While many students primarily view college as a stepping stone to adulthood, it's also an opportune time for investing. Start putting away money now, in places where you can actually see some return, and those earnings will add up and multiply over time.
    How to Compare Online Stock Brokers

    Stock Trading

    Are you tired of earning just pennies on your savings every month? Are you looking for another way to build wealth? Do you want to invest in the stock market but don't know where to start?

    Study: Best Stock Broker for Penny Stocks

    February 6, 2015 - By Cynthia Cohen - Reviews for Penny Stocks
    The name "penny stock" can be misleading. To the untrained investment ear, it sounds like an easy trading gig with little at stake. However, nothing can be further from the truth, as it's a very volatile market that should be researched thoroughly before trading, especially by novices. It's more for seasoned traders who understand the pitfalls and the risk involved; it takes some finesse to trade in this arena — and be profitable at it.
    Ally Invest Coupon Codes

    Ally Invest Review: Pros and Cons

    September 5, 2014 - By Cynthia Cohen - Reviews for Ally Invest
    Ally Invest (formerly TradeKing) offers one of the lowest trade fees, but is it good? Learn the pros and cons and see comparisons with other online brokers in this in-depth review.

    E*TRADE Review: Pros and Cons

    August 9, 2014 - By Cynthia Cohen - Reviews for E*TRADE
    E*TRADE is a highly well-known name, but does that mean it's that much better than its competitors? Read our in-depth review and see how it compares.

    Best Roth IRA Providers for Beginners

    July 16, 2014 - By Ross Frasier - Reviews for Best Brokerage Accounts
    Opening a Roth IRA is one of the best money moves you can make. But where should you open an account? Here are our top recommended Roth IRA providers.

    Study: Best Brokerage Accounts - Etrade vs Scottrade vs Ameritrade

    February 7, 2014 - By Ross Frasier - Reviews for 10 Smart Ways to Invest $1,000
    Finding the right online broker is a difficult task. Dozens of sites claim to offer the best solution for your investing needs, whatever they may be. These sites tempt you with the promise of having the lowest fees, the most intuitive interface, and more investment choices than the competition.

Add Your Comment

Name
Email (won't be published)

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.