Scottrade Review 2017: Opening an Online Trading Account

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This offer only applies to initial funding. Option contract charges, along with exercise and assignment fees still apply. Free Commission Trades are applied to your account one business day after the funding date and are valid for 60 days. The Cash Rewards will be credited to your Firstrade account after funding. This offer is not transferable and not valid with internal transfers, current Firstrade accounts, or with other offers.

Limit one offer per account type. The account must remain open for 12 months with scottrade free trades promotion minimum funding or assets required for participating in the offer, or Firstrade may charge the account for the cash and commission credits awarded to the account. Firstrade reserves the scottrade free trades promotion to restrict or revoke this offer at any time. Original shareholders depositing share certificates do not qualify.

Trades executed in multiple lots on the same day are charged a single commission. Trades partially executed over multiple trading days are subject to commission charges for each trading day. All investments involve risk, including loss of principal invested.

Past performance of a security does not guarantee future results or success. Market volatility, volume and system availability may delay account access and trade executions. Options involve risk and are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses.

Options trading privileges are scottrade free trades promotion to Firstrade's review and approval. Please read Characteristics and Risks of Standardized Options before investing in options.

This is not an offer or solicitation in any jurisdiction where Firstrade is not authorized to conduct securities transactions. Firstrade reserves the right at its sole scottrade free trades promotion to terminate this offer without prior notice. Offer valid for individual and joint investment accounts only.

Rebate claims must be submitted online through your Firstrade account within 30 calendar days after receipt of the wired funds. Eligible credits are posted within 30 days from scottrade free trades promotion online submission. Deposits must be maintained in the account for at least 12 months, or the credit may be reversed. All values are in U. Firstrade reserves the right to reject a rebate. Firstrade reserves the right to modify or terminate this offer without prior notice.

This is not an offer or solicitation in any jurisdiction where Firstrade is not authorized to conduct securities transaction. Referral must be entered through the Scottrade free trades promotion webpage. Referral Credit Payment Terms: Fixed income and mutual fund orders are excluded from the commission-free trade offer.

Referral credits and the initial deposit must be maintained in the account for a minimum of 12 months. Otherwise, the credits may be reversed if the initial deposit is withdrawn or the account is closed or transferred. The referee may elect to opt-out of the offer and no referral credit will be issued under this circumstance. Both the referrer and the referee must maintain accounts in good standing. Accounts with prior special arrangements with Firstrade do not qualify. This offer is valid for Firstrade individual or joint investment accounts only.

Firstrade reserves the right to void a referral, without prior notice. Limit one offer per household. Our Privacy and Security Policy. Powerful trading platforms 0. Wide selection of investment products including 11, mutual funds. Free access to research and reports from Morningstar, Briefing, Zacks and Benzinga. Investment education resources for different levels of investors.

Online trading has inherent risk due to system response and access times that may vary due to market conditions, system performance, and other factors.

An investor should understand these and additional risks before trading. Carefully consider the investment objectives, risks, charges and expenses before investing.

All investments involve risk and losses may exceed the principal invested. Scottrade free trades promotion performance of a security, industry, sector, market, or financial product does not guarantee future results or returns. Firstrade is a discount broker that provides self-directed investors with brokerage services, and does not make recommendations or offer investment, financial, legal or tax advice.

Options trading involves risk and is not suitable for all scottrade free trades promotion. Options trading privileges are subject to Firstrade review and approval. Please review the Characteristics and Risks of Standardized Options brochure before you begin trading options. ETF trading involves risks. Before investing in an ETF, be sure to carefully consider the fund's objectives, risks, charges, and expenses. Please scottrade free trades promotion the prospectus carefully before investing.

Leveraged and Inverse ETFs may not be suitable for long-term investors and may increase exposure to volatility through the use of leverage, short sales of securities, derivatives and other complex investment strategies. ETF Information and Disclosure. Investors should scottrade free trades promotion the investment objectives, risks, and charges and expenses of a mutual fund or ETF carefully before scottrade free trades promotion.

A mutual fund or ETF prospectus contains this and scottrade free trades promotion information and can be obtained by emailing service firstrade. Margin trading involves interest charges and risks, including the potential to lose more than deposited or the need to deposit additional collateral in a falling market. The Margin Disclosure Statement and Agreement PDF is available for download, and contains information on our lending policies, interest charges, and the risks associated with margin accounts.

See our Pricing page for detailed pricing of all security types offered at Firstrade. All prices listed are subject to change without notice. Any specific securities, or types of securities, used as examples are for demonstration purposes only. None of the information provided should be considered a recommendation or solicitation to invest in, or liquidate, a particular security or type of security. System response and access times may vary due to market conditions, system performance, and other factors.

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How are these "cash" rewards accounted; as to tax. Does one receive a or other relative IRS form? It looks like you're new here. If you want to get involved, click one of these buttons! Categories All Categories Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

October in Fund Discussions. I received email from Scottrade regarding a new promotion for their gathering assets. It is similar to a promotion that I believe expired a few months back with Fidelity Investments. Even if your existing or contemplated broker doesn't advertise a similar offer, it doesn't hurt to ask. I'm sure that the brokerage companies are very competitive and accommodating, given the stock commission price war they have just experienced.

Great, because there will be more exciting deposit offers to enjoy after the upcoming transition to TD Ameritrade. My primary account has always been with Fidelity. I've rolled over or transferred Ks and IRAs several times over the last 5 or 6 years and every time I've asked they've offered me cash that matches the scale Maurice mentioned.

IIRC there was one time they were advertising a promotion but the other cases I've just asked. Do any of the brokers who pay finders fees also cover the closeout fee of the old broker?

Or is it that they'll do one or the other finder fee or closeout costs but not both? But this summer I explored such a transfer with Schwab. Visiting their brick and mortar store, I was verbally told that I would receive a cash bonus, but not before I inquired about it.

I can't remember if there was an advertised deal, or if the account rep was just being accommodating. He also stated that Schwab would cover any charges incurred by me for transferring my accounts from Scottrade.

I also had to inquire about the latter, because the account rep did not mention this in our discussion. I did not get these offers in writing, because I haven't yet committed to making the change. The key is that if you don't ask, you probably won't get these deals. This is one of those instances, where doing it all on the internet without talking to a human being, probably won't yield you the best deal.

I just earned a thou from ML for transferring three retirement accounts from Fido, leaving one. The downside is unavailability of some funds, of course, but they did transfer ones they do not 'carry'.

The good news, if you can call it that, it that they're not ignoring a 50 year customer. As far as they know, you've only been with them 25 years - their records only go back to the 90s. This came up in a conversation I had with Fidelity today - the rep explained that she says "thank you for being a customer since at least x", because they can't tell if you've been with them longer than that.

Wait until Fidelity has another cash promotion and then do a partial transfer back from ML. October edited October Presumably the "cash" is actually deposited to your account. So if it was an IRA, no paperwork required I think. Somewhere I have Fido paperwork from account, which I kept to show a rep at a center once, not that long ago.

Yawn, another geezer passing through. Yeah, I've wondered how the thou will be logged. I am a little more tax-sensitive in semiretirement than I used to be, since I've been following the Optimal Retirement Planner guru's deep looks at withdrawal strategies and taxes. Man, does Welch keep up. He may not be Kitces or Thomas, but what a free service he provides; unbelievable. Here's a page of Fidelity promotions this year. Some notably cash have expired, but this page is presenting what were real offers: Yeah, I subsequently found some of that info, tnx, pretty much identical to the other way, into ML.

I shoulda done more but wanted to keep a big slug in Fido. I doubt I will even if possible. I understand his policies and procedures.

He treats me well. Sign In or Register to comment.