Scottrade Broker Account Opening Review
After a little research i ended up openning a Scottrade account, heres why:
» $7 limit trades. The best I could find when opening an acount with only 500 dollars
» Local broker. It’s nice to be able to drive just a few minutes and talk face to face.
» No maintenance or inacivity fees.
» Real time stock quotes, and a streaming ticker.
» There’s a large selection of mutual funds, bonds, CDs, and preferred stocks.
» Good reviews both offline and from online comments.
» Just $500 to open.
» With $5,000 in account equity, you get free checkwriting, which you can then link up with other accounts.
» Depositing money into your account happens the same day
Here are the details of actually opening my account.
1) I searched the internet for a referral code and found one that gave 3 free trades after successfully opening an account. Its part of Scottrade referral program in which the referrer gets 3 free trades, and the referree also gets 3 free trades. If you would like to get 3 free trades feel free to leave me a message and I’d be happy to refer you.
2) I applied online which was as easy as filling in my personal information and the usually ID Verification questions. All in all it took maybe 15 minutes and the process was totally painless.
3) After verifying my information i was able to fund my account immediately with the Money DirectTM ACM same day service.
