One of the more popular online discount brokerages, Scottrade is offering up to $2,500 Cash Bonus for new or existing customers. This bonus will vary according to how much money you initially deposited. In order to earn the $2,500 bonus, you must open and fund your IRA or brokerage account with at least $1,000,000. Scottrade is really popular due to the fact that they have a low fee of only $7 on every stock or ETF online trade. Scottrade is useful for maximizing the tax advantages of an IRA account and does not charge commissions for most kinds of bonds.
Scottrade is adequately useful for maxing your tax advantages of an IRA account and does not charge commissions for most kinds of bonds. They do however charge for trading fees on unit investment trust and listed corporate bonds. Scottrade is best for beginner investors, IRA investors, and investors who prioritize customer service. They have a stock trading cost of $7, and a $75 outgoing transfer fee.
- Flat Rate Pricing- Pay $7
- Hard Inquiry: Yes, Hard pull is required.
- Mobile App: Yes
- Excellent Customer Service
- Account Minimum: $2,500
- Mutual Funds: over 3,000 commission-free, $17 for all other mutual funds
- CDs, OTC Secondary Corporate, OTC Secondary Municipals, U.S. Treasury Bills, Notes, Bonds and STRIPS, New Corporate Offerings: subject to a markup or markdown
- Listed Corporate Bonds: $35 fee plus $3 per bond (minimum investment $1,000)
- Unit Investment Trusts (UIT): $50 liquidation fee
Potential Awards: $2,500 $1,000, $600, $300, $200, $100
This bonus is simple to get if you are more wealthy, if not you might settle for less! First step is to sign up for a new Scottrade account. Select accordingly to what suits you best. Once you signed up, depending on how much money you deposit in the first 90 days, you’ll get the awards accordingly:
- Deposit $10,000 – $24,999: You’ll only receive 50 free trades. No cash bonus is awarded for this amount
- Deposit $25,000 – $49,999: You’ll receive 50 free trades as well as a $100 cash bonus
- Deposit $50,000 – $99,999: You’ll receive 700 free trades as well as a $200 cash bonus
- Deposit $100,000- $249,999: You’ll receive 700 free trades as well as a $300 cash bonus
- Deposit $250,000 – $499,999: You’ll receive 700 free trades as well as a $600 cash bonus
- Deposit $500,000 – $999,999: You’ll receive 700 free trades as well as a $1,000 cash bonus
- Deposit $1,000,000+: You’ll receive 700 free trades as well as a $2,500 cash bonus
If you’re thinking about joining a online broker, join Scottrade! They’re well known for their exceptional customer service, with a large network of branches that host investors education seminars. They have a $7 stock trade fee that’s lower then leading competitors, as well as a low mutual fund trading fee of only $17. Their web page is easy to navigate as well as their smart phone application. If anyone is deciding to join a online broker, this is your best bet. Find all of our Broker Bonuses on our table!
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