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The Scottrade is one of the major online brokers. The Scottrade Inc is a private online broker which has earned a name for itself in the stock market trading. The Scottrade was founded in Scottsdale in Arizona in the year 1980. The headquarters of the Scottrade is in the St Louis which is located in Missouri in the United States America. Rodger O. Riney is the President and CEO of the company. The Scottrade is an Industry Discount Brokerage as well as an Online Investing Firm which deals with products like
Stock Brokerage. The Online Investing segment of the company deals with Stocks, IRAs, Mutual Funds, Fixed Income, CDs and others. The Scottrade earned a revenue of $796 Million according to the figures of 2006. There are more than 2,500 employees working in the organization as of 2007. The Scottrade is a privately owned company or a discount retail brokerage firm whose headquarters can be found St. Louis which is located in Missouri. The company has more than 320 branches offices located locally.
The Scottrade was established in the year 1980. The founder of the Scottrade was Riney. It was with the Scottsdale Securities located in Scottsdale in Arizona which had two offices. One of the offices was located in Scottsdale and the other office was located in St. Louis. After the completion of a year, there was a relocation of the Scottsdale Securities which had its headquarters in the St. Louis. In the year 1996 Scottsdale Securities introduced the concept of online trading to its buyers. Then it came with the domain name called www.scottrade.com. The name Scottrade was adopted as its corporate name in the year 2000. In the year 2007 Scottrade was given the rank of being the No. 1 in offering satisfaction to the investors with its great online services on investment. This was the seventh time since the year 2001 according to the information provided by the J.D. Power and Associates as of 2007 “Online Investor Satisfaction Study”.
There are several reasons why one should do trade with the Scottrade broker. This is because they offer exceptional Customer Service as they strive to offer the best services so that the customers keep coming back. The Online trade is also has a very nominal fee with a flat commission rate for each and every online market and limited rate of equity orders which is regardless of the frequency of the trade and account balance. The Scottrade happens to be the largest branches for online brokerage networking in America. One just needs to invest a small amount of $500 for opening an Account. IRA fees are not required. They do not even demand any annual fees and not even any maintenance fees. They offers customized online services.
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