Are there any other hidden fees when using Scottrade other than the $7 online trading fee?
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For example, are there fees when taking money out or anything like that?
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Answer:
It's only $7 bucks for transactions. My friends, families and I use Scottrade. Scottrade. NO account maintenance, service, or inactivity fees. $7.00 online trading commission for stock over $1.00 a share. Tutorial and webcast available to customers. Excellent trading platforms (very user friendly). Excellent customer service (398 Branch offices nationwide). $500.00 minimum to open an account. If you do end up opening it with Scottrade, use this referral code: EJVR8926 You and I can get 3 FREE trades.
Me at Yahoo! Answers Visit the source
Other answers
I have never seen any and I have been using them for about a year. Scottrade is the best.
Acctman
Both previous answers are correct. Most trades are $7 to buy or sell shares that are over $1. I've used them for over a year with no problems or extra fees. Just make sure that you read everything carefully because it is possible to incur fees. Their local office is very helpful. I'd recommend going in person to one near you and getting all the information you need to make your decision. That's what I did. I haven't taken any money out. They handle that by mailing you a check from their main office. Other options may be available. They have a lot of information available on their website, but like I said, it may be better to go in person to ask all your questions after exhausting their web site.
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Mom_of_4
Many people love Scottrade, but I can't use them. The $7 per transaction fee is PER DAY. I trade a large number of shares and tend to trade near market close. If half of my shares sell today and the other half sell tomorrow it will cost me $14 instead of $7.
stward101
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