Scottrade to Offer Free Dividend Reinvestment?
From what I heard, it will be coming this fall.
I have been a loyal Scottrade customer for nearly 10 years. During this time, I have opened trading accounts with multiple brokers, each of which has its own services and features, but Scottrade has always been my primary broker for most of the trades I have made so far. The main reason for choosing Scottrade over other brokers is that it has almost everything I want from a stock broker. Sure, at $7.00 per trade, Scottrade isn’t the cheapest broker out there, but it has a referral program that allows existing customers to earn commission-free trades for each new customer they refer to Scottrade. That’s how I avoided trading commissions for more than three years with Scottrade. Plus, it has a few more services that I didn’t find from other brokers, such as instant deposit (though there are certain restrictions on what you purchase with the fund) and assistance from local office staff (see my recent comprehensive discussion on Scottrade for details about the broker).
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