Scottrade reviews and trader ratings for Scottrade

Date Submitted: July 6, 2009
Stock Broker: Scottrade
Time with Broker: 4+ Years
Trade Execution: 1 out of 10
Customer Service & Support: 4 out of 10
Accomodation: 10 out of 10
Trading & Research Tools: 6 out of 10
Recommend: No
Review: Scottrade is NOT as good as it seems; it'll costya
What are people (and award-givers cited on their ads) who like Scottrade comparing it to? I'm a heavy trader who uses more than one brokerage site at the same time on screen. I can tell you COMPARATIVELY Scottrade's best software is AWFUL -- they've cost me many, many times any commission savings. I was with them for years before realizing this. ALSO when I was able to get a trade in, it always was at or near my limit price. Comparatively, I've been amazed at the prices I get at two other brokers I use. I favor one because like only a few, you can trade the entire pre & post markets. AT Scottrade I've had to just sit and watch a stock price drop like a rock after a company reports -- for 15 LONG minutes, until ST opens trading for the pre/postmarket. Right now my favorite is TD Ameritrade, though the price is the highest of the "deep discount" brokers, I think. (Interactive Brokers looks interesting, especially because of the price, but I haven't used them.)
Submitted by: jerz
year-old   ::   Reviewer   ::   northeast, usa

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