Scottrade does not offer L2 for pennies. And in order to get all the cool stuff "Scottrade Elite" you have to maintain a $25k account balance. Avg commission on a $5k - $15k penny trade is around $15-25. It's something like $7 + a percentage. Otherwise, it's just $7 per trade on the Naz... Plus, their news system is a little slow.... And it usually takes a full day to clear funds even if you deposit a Bank Check!! Frustrating.... Hope this info helps