ST. LOUIS--(BUSINESS WIRE)--In its never-ending quest to exceed client expectations, Scottrade, Inc., a leading financial services firm, announced today that it is lowering option contract fees to just $0.70 from $1.25 per contract. The new low contract price, combined with the company’s longstanding low commission fee of $7 per online trade, means traders could potentially save hundreds of dollars each year trading options at Scottrade.
With $0.70 option contracts, it now costs less to trade options at Scottrade than at TD Ameritrade, Schwab, Fidelity and E*Trade.1
“If you are an options trader who engages with the market daily, who uses common options strategies and who values access to dedicated experts, Scottrade is the place for you,” said Brian Bachelier, Scottrade vice president of active trader strategy. “We have the tools and support to assist traders and we are passionate about helping them be successful.”
Scottrade understands the trader experience and low fees are just a part of the equation. A fair price, combined with award-winning service and powerful technology, sets the Scottrade experience apart.
“Scottrade believes the breadth and functionality of our platforms and solutions – combined with access to knowledgeable people who spend the time it takes to assist clients – deliver an unparalleled trading experience,” added Bachelier. “Traders can achieve their goals with help from Scottrade’s easy-to-master platform that includes intuitive option chains, comprehensive charting and access to Recognia Options Ideas ™, as well as fast, trusted execution speeds.”
Scottrade is well-known for its extensive branch network where clients can access in-person service nationwide. In addition, Scottrade’s active trader clients have exclusive access to Scottrade’s Active Trader Group, a dedicated team of specialists who have advanced knowledge of options, margin and other areas. The trading experts in the Active Trader Group spend the time it takes to work with clients, helping them implement options trade strategies or assisting with any other need they may have.
This latest announcement comes on the heels of other exciting news at Scottrade, demonstrating the company is constantly working to exceed client expectations. In the last quarter alone, the company launched mobile check deposit, introduced Recognia Options Ideas™ on Scottrade.com and unveiled a client service team dedicated to retirement planning. In 2016, Scottrade received the award for “Highest in Investor Satisfaction with Self-Directed Services” from J.D. Power and the company earned “Best Overall Client Experience” from StockBrokers.com for the fifth consecutive year.
To learn more about trading options at Scottrade, visit www.scottrade.com.
About Scottrade, Inc.
A leading financial services firm founded in 1980, Scottrade’s mission is to improve lives by helping people overcome barriers to financial success. Through a large, nationwide branch network, Scottrade works with millions of clients, offering them the solutions and support they need to take control of their long-term investing and trading needs. To learn more about Scottrade, visit about.scottrade.com, www.scottrade.com or talk to us via social media. Member FINRA/SIPC.
1 E*Trade, TD Ameritrade, Schwab, Fidelity and Scottrade are not affiliated. Prices for competitors were obtained on Tuesday, March 8, 2016 and are believed to be accurate based on publicly-advertised rates, but not guaranteed. Some of the firms listed above may reduce or waive commissions or fees, depending on account activity or total account value.
Scottrade and Recognia are not affiliated. Third-party websites contain information that may be of interest or use to the reader. Third-party websites, research and tools are from sources deemed reliable. Scottrade is not involved in development of content on third-party websites, does not guarantee accuracy or completeness of the information presented, and makes no assurances with respect to results to be obtained from their use.
Scottrade received the highest numerical score in the J. D. Power 2016 Self-Directed Investor Satisfaction Study, based on 4,242 responses measuring 13 firms and the experiences and perceptions of investors who use self-directed investment firms, surveyed in January 2016. Your experiences may vary. Visit jdpower.com.
Options involve risk and are not suitable for all investors. Detailed information on our policies and the risks associated with options can be found in the Scottrade® Options Application and Agreement, Brokerage Account Agreement, by downloading the Characteristics and Risks of Standardized Options and Supplements (PDF) from The Options Clearing Corporation, or by requesting a copy by contacting Scottrade. Supporting documentation for any claims will be supplied upon request. Consult with your tax advisor for information on how taxes may affect the outcome of these strategies. Keep in mind, profit will be reduced or loss worsened, as applicable, by the deduction of commissions and fees.