Scottrade Customer FAQ

The minimum investment required to open an account with Scottrade varies depending on the type of account being opened. For a standard...

Yes, a Scottrade account can be accessed from overseas. Investors who hold a Scottrade account have the ability to log in to their...

Closing a Scottrade account involves a few important steps to ensure that the process goes smoothly. First, it is advisable to review After ensuring that the account balance is zero and there are no open orders, the next step is to contact Scottrade’s customer service for specific instructions on the account closure process. They will provide guidance on any necessary forms that need to be completed. Additionally, it is advisable to check the Scottrade website for the most current contact information and specific details related to account closures. Once the account closure request is submitted, it may take several business days to process. Always make sure to keep records of communications and any confirmations related to the account closure for future reference....

Yes, individuals can trade options through Scottrade. Scottrade provides users with the ability to buy and sell options as part of It is important for investors to understand the risks and benefits associated with options trading before engaging in such activities, as options can be complex financial instruments. Scottrade also offers educational resources that can help users learn more about options trading. For the most accurate and up-to-date information, including any specific requirements for options trading, it may be beneficial to check Scottrade's current website....

Scottrade does not allow trading of international stocks directly. However, investors can gain exposure to international markets through...

Scottrade does allow trading on margin, which can be an important feature for investors looking to amplify their buying power. When...

Scottrade offers a diverse array of investment options that cater to different investment strategies and objectives. Investors can Bonds represent another significant investment category available, where customers can invest in government, municipal, and corporate debt instruments. Scottrade facilitates the purchase of these bonds either individually or through bond funds, offering a range of maturities and credit qualities. Exchange-traded funds and mutual funds are also available, providing an opportunity for investors to gain exposure to multiple securities through a single investment. These funds can help investors achieve diversification and can be particularly appealing for those who prefer a more passive investment approach. For options traders, Scottrade provides a robust platform where users can trade a variety of options, including covered calls and protective puts, which can be employed for speculation or to hedge existing positions. Additionally, futures trading is accessible, offering opportunities for investors to speculate on the future prices of various commodities or financial instruments. Overall, Scottrade aims to provide its customers with a comprehensive set of investment options, enabling them to pursue their financial goals effectively. For the latest detailed information on specific investments and other services, it is advisable to check the current web page....

Scottrade, now part of TD Ameritrade, offers competitive pricing for trading activities. For equity trades, the cost is generally set For those looking to engage in mutual funds, Scottrade does provide a selection of no-transaction-fee mutual funds, while there may be transaction fees applicable to other funds. It is worth noting that Scottrade does not charge account maintenance fees or inactivity fees, which can benefit those who utilize their services sporadically. There may also be additional fees related to services such as wire transfers or if one requires paper statements. It is advisable to check the Scottrade website for the most current and detailed fee schedule, as fees can be subject to change. This ensures that traders have the most up-to-date information regarding any associated costs....

When investing through Scottrade, individuals should consider several tax implications that are associated with their investments. Short-term capital gains, which occur when an investment is sold within one year of being purchased, are typically taxed at ordinary income tax rates. In contrast, long-term capital gains, realized from assets held for more than a year, are generally taxed at lower rates, which can vary depending on an individual's total taxable income. Another important aspect to keep in mind is the tax treatment of dividends. Qualified dividends are often taxed at the lower capital gains tax rates, while ordinary dividends are taxed at the higher ordinary income tax rates. Investors should find it beneficial to understand which of their dividends fall into each category. Taxation can also extend to interest earned from bonds or cash holdings in a Scottrade account. Interest income is usually taxed as ordinary income. Additionally, tax regulations can change, and they can vary based on an individual's particular circumstances, such as their overall tax bracket and filing status. Therefore, it is important for investors to stay informed about their tax responsibilities related to their investments. For specific advice tailored to individual situations, consulting a tax professional can be extremely helpful. For further information and resources related to tax implications, one might visit the relevant web pages provided on the Scottrade website....

Scottrade provides a variety of research and educational tools designed to assist investors in making informed decisions. First and In addition to market reports, Scottrade provides access to real-time market data, allowing users to track stock performance throughout the trading day. This is complemented by advanced charting tools that can help investors analyze price movements and identify potential trading opportunities based on technical indicators. For those seeking to enhance their investment knowledge, Scottrade offers a range of educational resources. This includes articles, videos, and webinars designed to cover various topics related to investing, trading strategies, and market analysis. These educational tools are particularly beneficial for novice investors who are looking to build their understanding of the financial markets. Additionally, Scottrade hosts a community forum where investors can engage with one another, sharing insights and strategies. This collaborative environment can be invaluable for investors at all levels, as it fosters learning and knowledge exchange. Overall, the combination of in-depth research reports, real-time market data, educational resources, and community engagement makes Scottrade a robust platform for investors seeking to enhance their trading experience and investment knowledge. For the most current information regarding the specific tools and features available, users are encouraged to explore the Scottrade website....

Monitoring investment performance on Scottrade can be accomplished through several user-friendly tools and features that the platform Scottrade also offers performance charts that track the historical performance of investments over various time frames. Users can customize these charts to compare their investments against benchmarks or other stocks. Additionally, personalized alerts can be set up to notify investors of significant changes in stock prices or market conditions, helping to keep them informed of their investment performance regularly. Another valuable feature includes the ability to generate performance reports that can reflect aspects such as total returns and diversification. Investors can analyze their investment strategies and make informed decisions based on detailed performance metrics. For the most in-depth and accurate information, it may be beneficial to visit the Scottrade webpage directly. This will provide the most current functionalities and features available for monitoring investment performance....

Scottrade offers a variety of tools designed to help investors track stock market trends effectively. One of the primary tools available In addition to the trading platform, Scottrade provides research tools that give users access to in-depth market analysis. Investors can explore reports from leading financial analysts, which include stock ratings, earnings forecasts, and industry assessments. These resources can offer valuable insights when evaluating potential investments. Scottrade's mobile app is another useful resource for those who want to monitor their portfolios or the market while on the go. The app provides real-time stock quotes, alerts, and customizable watchlists, ensuring investors can stay informed about market developments anytime and anywhere. Additionally, Scottrade features educational resources, including webinars, articles, and video tutorials, focusing on various investment strategies and market analysis techniques. These resources can enhance users' understanding and help them make informed decisions based on market trends. For those seeking personalized insights, there are options for creating watchlists to track specific stocks or sectors. This feature can help investors remain focused on the stocks of particular interest while conveniently monitoring their performance. Overall, with a combination of online tools, research capabilities, mobile access, and educational resources, Scottrade aims to empower investors to successfully track stock market trends and make informed investment choices. For the most current details and features, visiting the Scottrade website may provide additional insights and support....

Scottrade offers mobile trading apps designed to provide users with the ability to trade and manage their accounts on the go. These...

While I cannot provide specific contact numbers for Scottrade, I recommend visiting the official website at scottrade.com. The website...

Scottrade allows clients to set up automatic deposits into their investment accounts. This convenient feature enables investors to It is advisable to review the relevant sections of the Scottrade website for detailed instructions on how to complete this process, as it may outline any specific requirements or steps needed to successfully implement automatic deposits. This feature can help investors stay disciplined and focused on their investment goals. Ultimately, having a systematic approach to contributing funds can play a significant role in long-term investment success....