Does Scottrade have any hidden fees?

Which online trading svc is best? Scottrade, Etrade, Fidelity??? all have 'hidden' fees and limitations...

  • I have a rollover IRA to invest.

  • Answer:

    Scottrade and TradeKing have won many awards for their services. I have used Scottrade for many years with no complaints.

el magnifico at Yahoo! Answers Visit the source

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If you have a 401 to rollover , I'd suggest Fidelity...I've done it with them in three different situations...they handle almost all the work involved. Reps on the phone can answer any questions you have or get you to someone who can...right then. There are no " hidden fees" if you read all the info concerning their funds...there are yearly fees..( hey! if someone moves money in a fund around and manages to make 20% to 30% for me, I'll pay a 1.2% fee ...WHICH BY THE WAY ..is listed right in the prospectus when you choose the fund) Another fee could be a " short-term trading fee"...if you're planning on jumping in and out of funds...stick with the Fidelity funds, their " short- term" is usually 30 days...funds from other families may run 90 or even 180 days....but funds are usually " long- term " investments.......I worried about that 180 days ( 6 months !! ) when I bought EUROX through Fidelity 4 years ago...no problemo, haven't moved a penny ( except to ADD ) That fund is up 310%...since. It has been a Bull Run...the next few years won't be like that...but you have managers that are researching, moving, etc...to keep you profitable. Better than 5.4% at the bank . P.S. Other fidelity funds have done as well or better than the EUROX....FEMKX, FLATX. When you get comfortable with the " self- directed IRA " you can also trade individual stocks or ETF's in it. It's fantastic...no tax papers at the end of the year because it's in an IRA...you will pay tax on withdrawals ( as income) when that time comes....

jebediabartlett

If you're new to investing; Charles Schwab Fidelity Investing If you've been investing for years; TD Waterhouse Scottrade (bare bones investing) Zecco (getting a very poor reputation) If you're very experienced; ThinkOrSwim (best for next day settlement in IRA's, Very good platform) TradeStation (great platform) Interactive Brokers (diversified offerings, including buying stocks in foreign exchanges in foreign currencies).

Common Sense

Zecco.

Frank Castle

There are more options for rollover IRAs than just brokerage accounts.

bud68

sharebuilders

6'3 and 135lbs

I like ETrade. The only hidden cost is that the sweep account doesn't yield a lot on your cash unless you've got a couple million. However, you can buy CD notes into your IRA account.

Tom H

i use td ameritrade and i love it!

Greg M

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