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Post# of 4967976
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Tuesday, 02/10/2004 5:47:46 PM

Tuesday, February 10, 2004 5:47:46 PM

Post# of 4967976
Just put in my ACAT and it is 7 - 10 business days and since I am not a dailt trader this comes at a perfect timing for my.
As far as their fees I could not believe now low they are.
http://www.scottrade.com/frame_reasons.asp?r=7

Btw they theyliquidated my wife's account because she did not have the fees associate with Etrade and got 4.00 nthe trade. Just found that out yesterday ... Etrade is horrible and I can find no reason to stay there. Even the time to trnasfer I will make up for in fees. At least for the small joe public trader ...

Example: Say you want to buy ADFG stock for 100000 shares at .01 cost or $1000.00 principal investment dollars ... thus your commission is $12.00 + ($1000.00 * .005%)= 5.00 so the trade is $17.00 and I pay 19.99 + some $3.00 what ever that charge is .... so in my situation I make money on commissions, Approximate, 27% lower commission fee for the trade and if it takes twice to fill like Etrade is infamous for the cost would be $44.00 Etrade and $34.00 Scottrade thus my saving on commissions is now 23%. I can live with those kind of savings.

Also their other fees are great too and I might even open an margin once I get active again.

Here are the price comparions... this reminds me of webstreet. on of the best on linebrokers.

1. 201 Local Branches
We encourage you to compare us to other nationally-recognized online brokers. See for yourself the advantages of a Scottrade account serviced by a personal broker in a local office versus someone in a national call center, who you will probably not talk to a second time. Weigh the service and the price! Try us and you’ll be glad you did!

To find the office nearest you, simply go to on Scottrade’s BRANCH LOCATOR. Once you’re there, type in your zip code at the prompt and the office nearest you will appear on your screen, complete with driving directions, a map, address and phone number. There are 201 branch offices nationwide with more opening all the time!

2. Award-Winning Service and Support
Scottrade has recently been ranked “Highest in Investor Satisfaction with Online Trading Services” by J.D. Power and Associates for the fourth consecutive time. With our 201 local service centers and a centralized Service Center, Scottrade provides the access to service that every online customer wants and needs.

3. Personal Broker
Scottrade’s approach to service for our online customers sets us apart from other online brokers that have set up single-point national call centers to handle customer inquiries. Our customers tell us they want a personal broker who can be easily reached to answer trading and account questions. Scottrade's 201 local service centers provide the access to service that every online customer needs. We call it "Online Trading With a Personal Touch" and it comes with every Scottrade online brokerage account regardless of size or trading activity.

4. $25,000,000 Account Protection — of which $1,000,000 is cash*
* The Securities Investor Protection Corporation (SIPC) protects each customer up to $500,000 with a maximum of $100,000 in cash. Scottrade has purchased an additional $24.5 million in coverage for each customer account with an additional $900,000 in cash.

5. Low Commissions
Online market Orders are just $7, no matter how many shares you trade.

Additionally, Scottrade has low options commissions.

Options:

$7 + $1.50/contract (Internet)
$12 + $1.50/contract (Touchtone)
$17 + $1.50/contract (Broker Assisted)
For Limit, Stop, and Stop Limit Orders (for all transactions), add $5.00
6. Just $500 To Get Started!
That's right! Open an account with $500 in cash or equities.

7. No Inactive Account Fee
Other brokers have recently instituted inactivity charges on accounts that do not meet their minimum requirements. At Scottrade there is no charge for inactive accounts.

8. Low Margin Rates
Compare Scottrade's margin interest with other national online brokers.

9. FREE Scottrader
When you register at Scottrader.com, you will gain access to our active Scottrader — with no account required! You get real-time, dynamic streaming quotes and charts. Scottrader is customizable to meet your needs: check time and sales, view top gainers, volume leaders and much more. Chart your stocks and watch them update every minute! Scottrade customers trade directly from their streaming quotes. Once you try it, you’ll wonder how you ever traded without it!

You can see a demo by clicking here!

10. No-Fee IRAs
No annual fees, no setup fees or termination fees! Open an IRA today -- it's never too late to plan for your future or start investing. You can transfer your existing IRA from another brokerage. Choose from Traditional, Roth and Coverdell ESAs.

11. No-Transaction Fee Mutual Funds
You can now choose from a growing list of more than 9,000 individual mutual funds — all without incurring a transaction fee. All mutual funds — both load and no-load — can be purchased, sold or exchanged at Scottrade without a transaction fee.*

12. CDs and Municipal Bonds
Choose from various maturities (six months to 20 years) from banks nationwide. Compare rates to your local bank. For additional information call the Scottrade local branch office nearest you!

13. Fast Executions
Our average market order is executed in under 5 seconds.*

14. Real-Time Account Balances
Scottrade’s real-time account balance updates allow you to know your adjusted cash balance, margin balance and purchasing power immediately following a trade! Scottrade.com was designed from top to bottom to process and load quickly.

15. FREE Dow Jones News
Get Dow Jones Real-Time News for Investors FREE with your Scottrade account!

It's the same up-to-the-minute news and information that over 300,000 financial professionals use each day to make investment decisions and stay ahead of market changes.

Dow Jones Real-Time News for Investors provides extensive, high-quality coverage of companies, markets and events, including:

Stock Market News -- What's moving and why
Company Announcements
Economic Indicators
Credit Market News
International, Regional and Industry news.
Some brokers charge $30 a month for this valuable tool. At Scottrade, you’ll get the same access at no charge! Just one more reason to choose Scottrade!

I cannot find any discount to touch Ecottrade.

Gaary

PS 16. Wireless Trading
Use your Palm compatible device, WAP enabled cell phone or Pocket PC to place orders, get real-time quotes, check balances, positions, order status and transaction history. All for no additional transaction fees!



:=) Gary Swancey

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