Anyone use Scott Trade?

[DreamerTheresa]

Pros/Cons?

I'm looking at setting up an account in the near future - I want to go with Scott Trade because the require $500 to open an account, as opposed to eTrade's $1000.

 

[LilMissMkIII]

Assuming you're talking about online brokerage??

Depends on what you need:

-Access to GOOD research?
-Cost per trade?
-Min amount per trade?
-Do they have a min numbers of trades you need to do per week/month?
-monthly/yearly fees?
-Do they charge extra for phone orders?

etc etc

^^These are some of the things I look at when choosing a broker for clients.

 

[jetjock]

I do M'Lady, as well as TD Ameritrade. No complaints with either...

 

[DreamerTheresa]

M'Lady

:: bats eyelashes ::

 

[jetjock]

Lol. Buy some GE and TRA. And while TASR is in the toilet now it's been very good to me in the past

 

[DreamerTheresa]

Can't buy anything at the moment.

Hopefully here in a month or two or three.

 

[LilMissMkIII]

If you can buy in now, even just a small amount, it will benefit you later on when you can get into it a bit more, as your Dollar Cost Average (DCA) per stock will be lower

 

[fandffan]

I actually just opened an Etrade account. Have not done anything with it yet, but I've wanted one since I was in elementary school, haha. But if Scott Trade is cheaper, I'm down

I'll look into everything a bit more and return with more info.

 

[Jervis Mcstabby]

Huh, I use Scottrade, but when I signed up, I had to deposit exactly $0. I guess they've changed their policy since '07

 

[bmoss85]

I've only heard good things about scott trade, several people from my work use it. It's only $7 a trade iirc. I like the fact that they have a local branch just a few minutes from me. I'm going to open an account this week myself there.

 

[LilMissMkIII]

$7 a trade????

Not fair!!!! Cheapest I can get here is $20!!!!!!!!