Scottrade Commission Structure

Scottrade brokerage firm rating

Scottrade Fee Schedule, IRA Account Fees, Margin Rates. Cost/Price of Self-Direct Trading.

Minimum to open: $2,500 for a cash account, $0 for an IRA.

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Scottrade Trading Commission Structure

Stocks and ETFs $7
Options $7 + $0.70 per contract
Mutual funds 2,637 commission-free NTF funds, $17 for others
CDs, OTC Secondary Corporates, OTC Secondary Municipals,
U.S. Treasury Bills, Notes, Bonds and STRIPS, New Corporate Offerings
subject to a markup or markdown
Listed Corporate Bonds $35 + $3 per bond (minimum investment $1,000)
Stocks and ETFs Broker-assisted$32
Stocks and ETFs Touchtone (IVR) Phone System$32
Options Broker-assisted$32 + $0.70/contract
Options Touchtone (IVR) Phone System$32 + $0.70/contract
Option Exercises and Assignments$17
Broker-assisted No-Load, No-Transaction Fee Mutual Funds$25
Broker-assisted No-Load Mutual Funds$42
Broker-assisted Load Mutual FundsNo fee

Scottrade Minimum Investment Amounts and Fixed Income Fees

ProductFeeMinimum InvestmentIncrements
Certificates of Deposit Scottrade Acts as Principal* $5,000 $1,000
New Corp Offers Scottrade Acts as Principal* $5,000 $1,000
OTC Secondary Corporates Scottrade Acts as Principal* $5,000 $1,000
Treasury Investments Scottrade Acts as Principal* $5,000 $1,000
OTC Secondary Municipals Scottrade Acts as Principal* $5,000 $5,000
Listed Corporate Bonds $35 fee + $3 per Bond $1,000 $1,000
Unit Investment Trusts (UIT) $50 Liquidation Fee Check prospectus None

* - When Scottrade acts as a principal, the bonds will be subject to a markup or markdown.

Scottrade Margin Interest Rates

Debit BalanceMargin Rate
$0.01 - $9,999.998.25%
$10,000.00 - $24,999.998.00%
$25,000.00 - $49,999.997.75%
$50,000.00 - $99,999.997.25%
$100,000.00 - $249,999.996.75%
$250,000.00 - $499,999.996.50%
$500,000.00 - $999,999.996.00%
above $1,000,000.005.50%

Scottrade Miscellaneous Fees

Mail Confirmation to an Online Account$1
Mailed Statement to an Online Account$2
Duplicate Historical Confirmation$2
Duplicate Historical Statement$3
Worthless Security Removal$7
Mandatory Reorganization$20
Sell-Out and Buy-In Notices$25
Voluntary Reorganization$25
Overnight Delivery$25
Returned or Stopped Payments$25
Outgoing Domestic Wires$25
NASDAQ Level II Quotes***$10/month
Outgoing Domestic Wires$25
Outgoing International Wires$40
Outgoing Account Transfer** $75
Trade Ideas™$15/month
Pre-Reorg Stock Certificate Deposit$90
Administrative Research$20 minimum
Legal Items$75 minimum
ADR Issuer Fee$0.005-$0.05/ share
Cashless Stock Options$50 (+commission and margin interest)
Cashless Stock Options Processing Fee$50 (+commission and margin interest)
Regulatory Transaction Fee$0.00218 (per $100 of stocks and options sold)
Trading Activity FeeEquities* $0.000119 per share sold. Options $0.002 per contract sold

*with a maximum charge of $5.95 per trade of 50,000 shares or more

Professional (Real-Time Streaming)$121 at activation
Quote Fee$121 per month following activation
Short SaleDaily Interest Charge

** - A $2,500 minimum equity balance must remain in the account; otherwise the $75 full transfer fee will apply.

*** - NASDAQ Level II Quotes are provided through a third-party vendor. Third-party websites, research, and tools are from sources deemed reliable. Scottrade does not guarantee accuracy or completeness of the information and makes no assurances with respect to results to be obtained from their use.

Scottrade IRA Accounts Pricing

Fee DescriptionFee
Account Opening Fee$0
Account Maintenance Fee$0
Inactivity Fee$0

Scottrade fees are as of 2017 and are subject to change. For the most up-to-date information visit Scottrade official website.

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Last updated: 1/11/2017