Review scottrade options first account
Before we get started, we feel it is important to note that we were not asked by Scottrade to conduct this review nor were we compensated in any way for doing so. This review is part of a series of reviews of many different stock and options brokers we are conducting for the benefit of our readers.
I also feel I should disclose that I have used Scottrade as one of my brokers for a few years now. Scottrade is a privately held company that was founded in by Rodger Riney—you may have seen him flying through his commercials in a helicopter. Scottrade consitently ranks highly in broker comparisons. However, we are not too concerned with other outside ratings.
We are more concerned with how Scottrade may or may not fit with your trading objectives and style. The target audience for Scottrade seems to be experienced semi-active stock traders and those who are branching out from buy-and-hold investing strategies in mutual funds and exchange-traded funds ETFs review scottrade options first account into individual stock trading for the first time.
Of course, Scottrade, or any other broker for that matter, will say that they would love to work with any investor, regardless of their holdings, but the product offering and commission and fee structure seem to benefit semi-active stock investors who are looking to trade anywhere from a couple of times per month to a couple of times per year.
The product lineup at Scottrade is quite similar to what you will see at most other discount brokers. You have access to all of the following products at Scottrade:. While you do have review scottrade options first account to all of these products at Scottrade, you will find most of the benefits Scottrade provides come when trading mutual funds and stocks. Commissions and Fees at Scottrade Scottrade has an extremely competitve commission and fee structure for small mutual fund and stock investors.
Some discount brokers provide low commission rates if you trade all the time but ding you if you stop trading. If you are just getting started as a stock trader, the ability to sit down and talk with a person can be quite helpful. Scottrade also has a simple intuitive online trading platform that makes it easy to enter, monitor and review scottrade options first account your stock trades. Scottrade also offers an advanced client-based stock-trading platform with more bells and whisltes, but we think the added features are drawbacks, not benefits.
The materials presented are being provided to you for educational purposes only. The content was created and is being presented by employees or representatives of Learning Markets, LLC. The information presented or discussed is not a recommendation or an offer of, or solicitation of an offer by Learning Markets or its affiliates to buy, sell or hold any security or other financial product or an endorsement or affirmation of any specific investment strategy.
You are fully responsible for your investment decisions. Your choice to engage in a particular investment or investment strategy should be based solely on your own research and evaluation of the risks involved, your financial circumstances and your investment objectives. Learning Markets and its affiliates are not offering review scottrade options first account providing, and will not offer or provide, any advice, opinion or recommendation of the suitability, value or profitability of any particular investment or investment strategy.
Any specific securities, or types of securities, used as examples are review scottrade options first account demonstration purposes only. None of the information provided should be considered a recommendation or solicitation to invest in, or liquidate, a review scottrade options first account security or type of security. Investors should consider the investment objectives, charges, expense, and unique risk profile of an Exchange Traded Fund ETF carefully before investing.
Leveraged and Inverse Review scottrade options first account may not be suitable for all investors and may increase exposure to volatility through the use of leverage, short sales of securities, derivatives and other complex investment strategies.
Investors should monitor these holdings, consistent with their strategies, as frequently as daily. A prospectus contains this and other information about the ETF and should be obtained from the issuer. The prospectus should be read carefully before investing.
Investors should consider the investment objectives, risks, charges, and expenses of mutual review scottrade options first account carefully before investing. Mutual funds are subject to market fluctuation including the potential for loss of principal. A prospectus contains this and other information about the fund and is available from the issuer. Options involve risk and are not suitable for all investors.
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