Options account requirements scottrade
There are a number of service fees chargeable for certain things, such as mailed statements or stopped payments. These are kept to the minimum though and none of the charges are unreasonable. There are various types of accounts available at Scotttrade, and the minimum deposit required depends on what type of account you open.
There are actually several different trading platforms and tools available at Scottrade, each one suitable for various purposes. From here you can manage your trades with relative ease and navigation; it is both fast and intuitive. This Java based application has customizable layouts and can be set up to suit your personal preferences.
It's an easy way to keep track of current prices and recent changes. There are a few minor complaints about it, such as not being able to automatically see all your open windows in a grid for easy viewing, but for the most part it does what it needs to do. Nothing about the above two platforms is particularly complex. It could be argued that there is a lack of advanced features, but the needs of most traders are adequately provided for.
There are multiple tools available that allow you to test your strategies, estimate market risk, and calculate potential profits and losses. Scottrade offers plenty to help you carry out your research and analysis.
In terms of research this broker is perhaps not as thorough as some of its competitors, but most of what you need is pretty well covered. You can access fundamental data such as earnings and other financials, and detailed reports from third party providers. For technical analysis there are a number of charting tools to help you. They make it relatively easy to analyze real time price and volume data and use over 20 technical indicators and trend lines.
You can create watch lists and add alerts to notify you if certain criteria is met. This enables you to analyze specific indicators and provides you with a written, and easy to understand, explanation of what those indicators imply at any given time.
This can be incredibly useful for all traders, but especially beginners who are still getting used to actually interpreting what the data they are seeing means.
The customer service at Scottrade is impressive, and not only because they utilize their branch offices. If you phone the support number you will be redirected automatically to your closest branch. You can expect to speak to someone knowledgeable and helpful, who should be able to deal with any questions that you may have.
Scottrade also offers live chat on its website, email support, and you can even visit one of their branches if you live close enough. The only real negative about the customer support here is that it isn't available 24 hours a day, 7 days a week. Dayana access to some platforms requires meeting minimum account balance and trading activity requirements: Open a Scottrade Account.
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