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.
TD Ameritrade Promotions
Commission-Free Trading - Online Stock, ETF and Option Trades
Applies to U.S. exchange-listed stocks, ETFs, and options. A $0.65 per contract fee applies for options trades, with no exercise or assignment fees.
Scottrade Offers You May Have Missed
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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.
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).
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).
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).
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).
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).
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).
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.
Open an Account
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
$2,500 for brokerage accounts
No account minimum for retirement accounts
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
$6.95 per trade + 0.5% principal for any stock trading under $1
$25 + $0.65 fee per contract
(800) 454-9272
$0
$0
Scottrade Bank has no monthly maintenance fees, ATM reimbursement program, online bill pay, and mobile banking.
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)
More than 275 branch locations
In-person branch seminars, online events and live webinars
ScottradeELITE offers virtual trading
TD Ameritrade has acquired Scottrade. Scottrade accounts will convert to TD Ameritrade on 2/26/2018. Pricing information from published website as of 07/17/2020
Scottrade | E*TRADE | |
|---|---|---|
Benefits and Features | ||
| Stock Trading | ||
| Options Trading | $0 per trade + $0.65 per contract $0 per trade + $0.50 per contract if you make 30+ trades a quarter | |
| Minimum Deposit | $2,500 for brokerage accounts No account minimum for retirement accounts | $500 for brokerage accounts No account minimum for retirement accounts |
| 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 | $0 for no-load, no-transaction-fee funds $19.99 for transaction-fee funds |
| Commission Free ETFs | ||
| Penny Stocks | $6.95 per trade + 0.5% principal for any stock trading under $1 |  |
| Broker Assisted Trades | ||
| Customer Service | ||
| Inactivity Fee | ||
| Maintenance Fee | ||
| Banking | Scottrade 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 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) | 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 | $1.50 per contract, per side + fees (excluding bitcoin futures) | |
| Locations | ||
| Seminars | In-person branch seminars, online events and live webinars | |
| Virtual Trading | ScottradeELITE offers virtual trading | |
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Scottrade: TD Ameritrade has acquired Scottrade. Scottrade accounts will convert to TD Ameritrade on 2/26/2018. Pricing information from published website as of 07/17/2020 E*TRADE: Pricing information from published website as of 12/05//2020. | ||
Scottrade Alternatives
Commission-Free Trading - Online Stock, ETF and Option Trades
Applies to U.S. exchange-listed stocks, ETFs, and options. A $0.65 per contract fee applies for options trades, with no exercise or assignment fees.
Get Up to $3,500
The minimum qualifying deposit to receive a cash bonus is $10,000. Accounts will be reviewed 60 days after account opening to determine the total qualifying deposit. Corresponding cash bonus will be credited to the account within 10 business days. Once the bonus is credited to the account, the bonus and qualifying deposit (minus any trading losses) is not available for withdrawal for 300 days. If the qualifying deposit is withdrawn, the bonus may be revoked.
| Deposit or Transfer | Cash Bonus |
|---|---|
| $10,000 - $24,999 | $50 |
| $25,000 - $99,999 | $200 |
| $100,000 - $249,999 | $300 |
| $250,000 - $499,999 | $600 |
| $500,000 - $999,999 | $1,200 |
| $1,000,000 - $1,999,999 | $2,500 |
| $2,000,000+ | $3,500 |
Get up to 1 Year Managed Free
New Betterment customers only. Accounts must be funded within 45 days of signup. Terms apply.
Transfer Your Account and Earn Up to $2,500
Initiate your transfer of another brokerage account within 60 days of signing up for M1 to receive a bonus.
| Transfer | Bonus |
|---|---|
| $100,000 – $250,000 | $250 |
| $250,001 – $500,000 | $500 |
| $500,001 – $1,000,000 | $1,000 |
| $1,000,001+ | $2,500 |
Payments for eligible transfers will be paid 90 days after the account transfer is received. Offer is valid for direct broker transfers received through the Automated Customer Account Transfer Service (ACATS) only. Offer is not valid with ACH deposits, wire transfers or direct 401k rollovers.
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