Scottrade Promotion: Get Seven Commission Free Trades

Posted by Sun on September 8, 2008
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Scottrade is now running a referral promotion. From now to October 31st, Scottrade will give 7 commission free trades to both the referrer and referee when the referee opens a new account (no trade necessary). According to the T&C of the promotion, 3 free trades will be credited within 24 hours after the account is opened and the rest 4 trades will be available within 15 business days. Scottrade charges $7 for each equity trade, so the value of this bonus offer is $49, at the same level as promotions from TradeKing (expired) and Firstrade (ongoing) recently. There’s no mention of when the free trades will expire.

I reviewed the broker briefly before and have talked about their customer service and platform. Though not the cheapest broker, Scottrade is solid choice for investors don’t make a lot of trades (so the difference on commissions paid is small). If you want to have a Scottrade account, use the contact form to send me an email with Scottrade referral in the subject to request a referral link. Or you can help yourself with this reference code KGKP0724.

Update: The 7 commission free trades offer has expired. But you can get 10 zero commission trades every month from Zecco Trading. Also, check out other available promotions from companies including Scottrade, TradeKing, etc.