Company Information

Get to know Scottrade

Founded in 1980 by Rodger O. Riney, Scottrade was a stock brokerage firm headquartered in St. Louis, Missouri. The company was a pioneer in the discount brokerage industry, offering a platform for self-directed retail investors to trade stocks, ETFs, mutual funds, and other financial instruments at a low cost. A key differentiator for Scottrade was its extensive network of over 500 physical branch offices across the United States, which provided in-person support in an era of increasingly online-only competitors. In 2017, Scottrade was acquired by TD Ameritrade for $4 billion. Subsequently, The Charles Schwab Corporation acquired TD Ameritrade in 2020, and the final integration of all Scottrade and TD Ameritrade client accounts onto the Schwab platform was completed in 2024.

Industry

Stock BrokerPRIMARY
Financial Banking
Financial Other Service

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Scottrade

United States

Founded in

1980 (46 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Licenses

--/40

Reviews

--/60

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Regulated

Recommended

(77 reviews)

Cyprus

2009

(17 years)

Security Information :

CySEC

FSCA

DFSA

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.