Online broker Scottrade is perhaps best known for its exceptional customer service, with a large network of branches that host live investor education seminars and provide representatives to answer customer questions and offer guidance in person. That, coupled with the broker’s $0 account minimum requirement for IRA accounts, makes it a strong candidate for beginner investors who need a bit of guidance. More seasoned traders will appreciate Scottrade’s research offerings and mid-range commissions.
Scottrade offers the kind of hand-holding that beginner investors need to get started: a breadth of educational resources, in-person support and free investor seminars. The company’s $0 account minimum for IRAs makes it an attractive option for those accounts, and advanced investors will appreciate the company’s strong trading platforms and wealth of research, though the investment selection at Scottrade is limited.
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