Complaint / review / scam report
Scottrade
Don't use Scottrade if you have less than $1000 because...

Complaint / review text:
Don't use Scottrade if you have less than $1000 because the $7 trading fees will almost disallow you from making a profit. For example, if you buy and then sell five different stocks, it will cost $70! That's 7% of your initial $1000. Which means you must average 8% returns to barely break a profit. Plus, all emails from companies you buy first go through Scottrade. Scottrade failed to send me the emails I should have been receiving from one of the companies I purchased. When this company reorganized, without me knowing since I didn't get the email, I was blasted in the with a $20 reorg fee.

Contact information:
Author: Contact with Author


Offender: Scottrade

Country: USA
Site: www.scottrade.com

Category: Business & Finance

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