Scottrade

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Category: Business & Finances

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United States

scottrade.com

Scottrade Reviews

David42 October 23, 2010
Trading
BUYER BEWARE AS YOU GET WHAT YOU PAY FOR!!!

Stay away from Sctottrade as their computer/technology can tremendously offset their cheap $7 trades(you do get what you pay for).

I made a trade end of day that Scottrade lied and told me was made after the market closed and was sold for a $1000+ loss! It is bad enough for Scottrade's latency to cost you $1000+ but to have their Comppliance Dept either outright lie and say you made the trade after hours or for them to be misled by their obvious lack of technological investment is unacceptable. When I make a $30, 000 trade...I DO BELIEVE I KNOW WHEN THE TRADE WAS ENTERED!!!

Stay away from Scottrade or you will lose ALOT more than the meager savings due to those $7 trades.
michael koven February 27, 2010
missing $$$
there seems to be money missing from my account at Scottrade. this may have happened more than once in the past year. when i brought this to their attention, so maybe we could try to figure out what had occurred, they essentially informed me that this was impossible. when i persisted, they informed me that my account would be closed, not allowing me to trade, essentially freezing the account. the reason " they could not provide the level of service i needed". thanks Scottrade.
Alfred August 3, 2009
Scam charges
This brokerage actually took from my account twice the amount that was due after a short trade dividend repayment. Not only that I have missed so many opportunities on their live trading platform. It's quite ridiculous and it's happened right after the branch have a new manager. I estimate I could have lost up to a thousand dollar due to their crazy Java software. I even experiment trapping the stocks to four orders in a 10 cents range and it stand still in that range for hour. This is one of the top volume stock traded of the day. I think they are scandalous and I will take my business elsewhere.
cayman March 18, 2009
Account errors - Money Missing!
I have had an $8, 000 plus credit from trading show up as a debit. I had to argue for 1.5 hrs with managing broker before he contacted the tech department. Uncovered the mistake... and apologized.

Today, I am selling and all my stocks are up significantly (5 -27%) and the account shows almost no gains.
The first is bad enough. Please email [email protected] if you have similar problems. I want to show cause for some forensic accounting via discovery.

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