Taking a serious look at this discount broker, you can learn a lot of benefits which probably you may not earn from other discount brokers. Just like what was mentioned earlier, Scottrade has arguably the cheapest trade price in $7 per trade if you compare to the likes of TD Ameritrade, E*Kings and Charles Schwab. In addition, Scottrade has also the lowest minimum deposit in all major discount brokers, they only require a $500 to open a new account comparing to TD Ameritrade’s $2000 and E*King’s $1000. Moreover, another advantage you can get from Scottrade is they have the best customer service. As a matter of fact, they have been ranked by J.D. Power & Associates as the #1 in customer satisfaction, eight times from 2000 to 2008. Furthermore, you can also have a lot of investment options if you join Scottrade, you can be able to receive a wide selection of investment products like stocks, bonds, mutual funds, options, retirement accounts etc. Adding to that, Scottrade has more than 2,800 mutual fund options to offer.
Now, if you have concerns or you are still considered as a beginner in trading, there are many online resources from Scottrades Knowledge center that are capable to teach you all the necessary things you need to learn about this matter. They can give you information’s and detailed analysis for you to be able to cope up in trading business as soon as possible.