What does scottrade pay

The Internet brought down barriers between investors and gave them the ability to make trades without calling a broker. Faith in traditional financial advisors and brokers took a hit after the financial crisis, especially with younger investors. By , Scottrade reviews were critical of the company for its high minimum balance on premium accounts, antiquated online interface, and lack of commission-free ETFs. Scottrade brokerage accounts automatically transferred to TD Ameritrade as part of the transition process.

Scottrade had a reputation for providing excellent customer service. It is now possible to compare the expanded TD Ameritrade to a popular discount broker like Charles Schwab. For its supporters, TD Ameritrade's customer service more than makes up for slightly higher fees.

Scottrade customers who transitioned to TD Ameritrade were given access to:. Before the acquisition, Scottrade had about branch locations throughout the U. By , those branches had either been converted to TD Ameritrade locations or closed. After the acquisition formally closed in September , all Scottrade accounts were officially moved to TD Ameritrade by February Scottrade was sold to TD Ameritrade for several reasons including concerns over rising regulatory pressure in the brokerage industry, as well health issues of founder and CEO Rodger Riney.

TD Ameritrade officially completed its acquisition of Scottrade on Sept. On Feb. Today, TD Ameritrade is well known for its extensive research capabilities, wide education offerings, numerous support channels, and zero-commission trades. All Scottrade accounts became fully integrated with TD Ameritrade in early In order to access any funds in your Scottrade account, simply enter your legacy Scottrade account number and legacy Scottrade password on TD Ameritrade's log-in page.

As mentioned above, in order to access your Scottrade account, enter your legacy Scottrade account number in the UserID field and your legacy Scottrade password on TD Ameritrade's log-in page.

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By Company. Take our salary survey to see what you should be earning. Clients must consider all relevant risk factors, including their own personal financial situation, before trading. Trading foreign exchange on margin carries a high level of risk, as well as its own unique risk factors. Forex investments are subject to counter-party risk, as there is no central clearing organization for these transactions.

Please read the Forex Risk Disclosure before trading this product. TD Ameritrade is subsequently compensated by the forex dealer. Not all account owners will qualify. All investments involve risks, including the loss of principal invested. Past performance of a security does not guarantee future results or success. All rights reserved.