I have had accounts with Scottrade since 2006 and have never experienced any problems. Here are what I think the best things about Scottrade are:
1. Great commissions ($7/trade no matter how many trades/month)
2. Low ($500) minimum initial deposit
3. No minimum account balance or account maintenance fees
4. Lots of branch offices - you call your local office instead of some random call center
5. Great customer service (see previous)
6. Allowed to purchase securities with unsettled funds
Overall, Scottrade is a great value broker for the independent investor who likes managing money online. The research on the site is okay, and I like to supplement it with research on other sites as well.
I have never had a problem with a trade not being executed.
I have never had a problem with depositing or withdrawing funds.
Around a year ago or so Scottrade also started offering Visa debit cards linked to brokerage accounts, but you do need to maintain a higher minimum balance to qualify for it.
|
