Anyone using Scottrade?

Discussion in 'Retail Brokers' started by Marck, Nov 8, 2007.

  1. Marck


    I am an active trader and have had a lot of problems with their website freezing up,
    streamer slows to a stop, and errors in their Gainskeep. Anyone experiencing
    this, or could you recommend another
    broker that has check writing. Thanks.
  2. Hey they use GainsKeeper too? I use TDAmeritrade and have also noticed problems with the GainsKeeper. (like telling me that I have a wash sale when I don't)
  3. ess1096


    I keep one account (out of four) with Scottrade purely for the check writing & ATM/debit card. Gainskeeper is also good and I only found one error since they added it. Send them a note through the website and they will correct it.

    As for freezing up, I use the Elite platform and it's fine. You must be using the web based platform. I used that platform a couple of years ago when I started trading but I'd never go back to it. It's severely lacking and yes, it freezes up at the worst times.
  4. I had Scottrade for about a week about 2 years ago, at the time there system would not allow you to put a trailing stop in within .15 of current bid / ask which was ridiculous. They didn't tell me that when I signed up and it may be something they have since changed.
  5. ess1096


    I think it is still true. But it only becomes an issue if you are trading low priced or very low volatility stocks.
    I trade ITM options so it doesn't usually effect me.
  6. Do they definitely offer a cq writing and ATM card?

    I have an account with them and i cant see it on their web site.

  7. Marck


    I don't like it. Too much stuff in the way,
    when I do best focusing on the tape
    with Marketmovers, simple live 1 and 5 min
    charts and the streamer. The streamer
    doesn't hold its favorited lists well, or you
    lose the charts if you switch, so I stick with one list. I need to set up multiple monitors
    to be able to watch more.
  8. I do not recommend Scottrade.
    I think Ameritrade blows them out of the water if you are looking into these types of brokers.

    I got worse fills with Scottrade, their technology did not compare with Ameritrade, and the customer service was worse. I will say though that with Ameritrade you have to make sure you're talking to the right person to get a good answer. They have turned their reps into robots.
  9. ess1096


    Yes, I use them (checks and debit card) all the time.
  10. I am being honest with you guys here if you use
    scottrade etrade or ameritrade

    you are sheep in a house full of wolves
    #10     Nov 8, 2007