ScottradeELITE Trading Requirements:
- You must have a Scottrade trading account with a minimum account value of $25,000 to download and use ScottradeELITE.
- The account value consists of cash and all securities.
- No inactivity fees.
- All money and stocks deposited for equity must be credited to your account before trades can be accepted.
| Internet | $7 |
| Touchtone (IVR) Phone System | $17 |
| Broker Assisted | $27 |
For stocks priced under $1, add ½% of the principal value to the commissions shown. Some foreign and pink sheet stocks must be traded with broker assistance. Commissions are charged on a per order basis. Limit orders executed over multiple days and orders modified after a partial execution on the same day will be treated as separate orders for commission calculation purposes. A majority of orders must be executed online to qualify for the online commission rates. Scottrade receives compensation for certain equity and option orders as described more completely in our Order Routing and Execution page. Generally, this compensation will take the form of payment for order flow, profit sharing arrangements, liquidity rebates or possible trading profits if Scottrade executes the order as a principal. For non-online accounts, the commission for market and limit orders is the broker assisted rate plus .02 per share for stocks that are $1 and above.
| Internet | $ 7 + $1.25 per contract |
| Touchtone (IVR) Phone System | $17 + $1.25 per contract |
| Broker Assisted | $27 + $1.25 per contract |
| Option Exercises and Assignments | $17 |
Options may not be suitable for all investors. Please click here for Characteristics and Risks of Standardized Options.
| Internet | $ 7 |
| Touchtone (IVR) Phone System | $17 |
| Broker Assisted | $27 |
| Fund Type | Buy | Sell | Exchange |
| No-Transaction Fee (NTF) Funds* |
No Fee | No Fee | No Fee |
| No-Load Funds (not in NTF program) |
$17 | $17 | $17 |
| Load Funds | No Fee | $17** | $17 |
Mutual Fund orders placed through a broker are an additional $20. In addition to the commissions above, NTF and No-Load Fund shares not in the NTF program that are purchased from Scottrade and are held fewer than 90 days will be charged a $17 short-term redemption fee. Exceptions to Scottrade's short-term redemption fee are: Rydex, ProFunds and Direxionfunds families of funds, which are intended for short-term traders. With regard to No-Loads that are not in the NTF program, Systematic Purchase/Redemptions will be charged $2 per occurrence. Mutual fund purchase orders at Scottrade must be the greater of $100 or the fund's minimum initial investment. You must have sufficient settled funds in the account to meet both the applicable minimum and cover transaction fees and other fees prior to placing the trade. Investors should consider the investment objectives, risks, and charges and expenses of a mutual fund carefully before investing. The prospectus contains this and other information about a mutual fund. The fund's objectives(s) and risk level as well as sales charges, redemption fees, initial minimum investment requirements, expense ratios, and rules regarding market timing are fully disclosed in the prospectus. Prospectuses may be ordered online or through your local branch. The prospectus should be read carefully before investing.* NTF funds are subject to the terms and conditions of the NTF funds program. Scottrade is compensated by the funds participating in the NTF program through record keeping, shareholder or SEC Rule 12b-1 fees.** Not applicable if the fund charges a contingent deferred sales charge.
| Order Method | Price |
| Internet | $7 |
| Touchtone (IVR) Phone System | $17 |
| Broker Assisted | $27 |
For stocks priced under $1, add 1/2 % of the principal value to the commissions shown. Every market has its own set of additional fees and/or taxes assessed by local governments and exchanges. These fees are usually automatically included in a quote. Some foreign stocks must be traded with broker assistance. Additional agency fees may apply for broker assisted orders. It is the client's responsibility to ask the broker if any additional fees will be applied prior to placing the trade.
Learn More About International Investing »
| Products | Fees | Minimum Investment | Increments |
| Certificates of Deposit | Scottrade acts as principal | $5,000 | $1,000 |
| OTC Secondary Corporates | Scottrade acts as principal | $10,000 | $1,000 |
| OTC Secondary Municipals | Scottrade acts as principal | $10,000 | $5,000 |
| U.S. Treasury Bills, Notes, Bonds And Strips | Scottrade acts as principal | $10,000 | $1,000 |
| New Corporate Offerings | Scottrade acts as principal | $5,000 | $1,000 |
| Listed Corporate Bonds | $35 fee + $3 per bond | $1,000 | $1,000 |
| Unit Investment Trusts | $50 Liquidation fee (Liquidations only) | Check UIT prospectus | None |
When Scottrade acts as a principal the bonds will be subject to a markup or markdown.
Initially, you will be charged $10.00 upon accessing and agreeing to
use Level II quotes. The initial $10.00 access fee cannot be rebated.
Additionally, at the end of every month, $10.00 will be billed to your account.
To avoid the $10.00 per month charge, just do 10 commissioned trades per
calendar month. Trade frequency is checked on the last business day of each
month. If you have executed 10 or more commissioned trades by the end of the
trading day on the last business day of the month, the $10.00 will be rebated
back to your account.
PLEASE NOTE: Level II quotes are optional. You can choose to enable Level II
quotes after you have downloaded the ScottradeELITE platform.
Initially, you will be charged $15.00 upon accessing and agreeing to
use NASDAQ TotalView quotes(Level II quotes are included for FREE when you
access NASDAQ TotalView quotes). The initial $15.00 access fee cannot be
rebated. Additionally, at the end of every month, $15.00 will be billed to
your account. To avoid the $15.00 per month charge, just do 15 commissioned
trades per calendar month. Trade frequency is checked on the last business day
of each month. If you have executed 15 or more commissioned trades by the end
of the trading day on the last business day of the month, the $15.00 will be
rebated back to your account.
PLEASE NOTE: TotalView quotes are optional. You can choose to enable NASDAQ
TotalView quotes after you have downloaded the ScottradeELITE platform.
Minimum - Windows 2000 with Internet Explorer c5.5 (or later), 256+ meg of ram, 100+ meg free harddrive storage, and a 56k modem.
Recommended - Windows XP, Internet Explorer v6 (or later), 256+ meg of ram, 100+ meg free harddrive storage, and a broadband dsl or cable modem.
The ScottradeELITE platform requires a 32-bit operating system in order to run properly.
