Broker Summary: Scottrade Online Trading Platform: Services Offered
Investors and traders have access to a variety of services offered by Scottrade.
The Scottrade Trading Website, available in English or Chinese, gives individuals the opportunity to manage their own investments. Traders have access to real-time streaming quotes, technical analysis tools, and research tools. The Trading Site is customizable, allowing traders and investors to manage the appearance of the homepage and selecting different views of information.
Scottrade's Stock, ETF and Mutual Fund screeners allow investors to find instruments based on user-defined criteria. Predefined values are also available, including Value Stocks, Growth Stocks, Equity Fund Leaders, Bond Fund Leaders and others. (For related reading, see Charles Schwab Broker Summary.)
Customers with a minimum account value of $25,000 are eligible to download Scottrade's advanced online trading platform, ScottradeElite. This platform is designed for active traders and offers advanced tracking and account control. A screenshot is shown in the following figure:
Mobile traders and investors can download apps for free on iPhone, Android or Blackberry or tablet computer. These applications provide access to the same features as the Scottrade Trading Website, including:
- Advanced charts and technical analysis
- Market news and analyst ratings
- Real-time streaming quotes
- Watch lists
- Trade execution
Online banking is accessible through the Scottrade Bank which features standard banking transactions. Online banking is also available on mobile devices by logging in to Banking at the Scottrade mobile website (m.scottrade.com).
Online banking incurs no maintenance, withdrawal, transfer or ATM fees, including most cash withdrawal fees charged by other banks' ATMs. Investors can open multiple account types, such as a checking account, savings account, and interest-bearing Money Market account.
Scottrade Bank offers the ability to pay bills online with a checking or Money Market account. Payments can also be automated. (For related reading, see Paying Your Investment Advisor- Fees Or Commissions?)
In-Person Branch Offices
Scottrade has more than 500 branch offices across the United States that offer in-person customer support, broker assistance, educational programs, and account transactions.
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