Scottrade is an award-winning broker that offers clients hundreds of branches, outstanding customer service and educational resources along with clear, modest fees. Its tools and mobile options aren't as robust as some of its competitors', but its cost structure and service make Scottrade a top choice for average investors.
Suited for the average investor. Scottrade is a popular online broker with low trades and a successful banking service. It ranks first in overall satisfaction in a J.D. Power and Associates survey of investors, and wins top marks from other leading publications like SmartMoney magazine and ConsumerReports.org as well as the American Association of Individual Investors. Scottrade has a clean interface and executes trades quickly as well. Experts say the tools and trading options are more basic than those of some of Scottrade's competitors (there's no mobile deposit, and you can't trade futures or Forex/foreign currency), but Scottrade's platform is easy to use and tailors data and information for its customers.ProsLow transaction fees, More than 500 branch offices, Good educational resourcesConsNo futures, Forex (foreign-currency) trading, No 24-hour customer service