Home » Computers & Electronics

Scottrade - Online Brokerage

0 Like

Like 0

Pin It

Ranked #68,116 in Computers & Electronics, #1,070,283 overall

Something About Scottrade

The best online stock trading company is contingent on your needs as a stock trader. If you are looking for a free online stock trading company, then you will find a lot of these, but they might not be able to offer you all the services that services with more traditional payment structures will offer you.

There are companies that will require a small fee for you to use the website's services. One website that keeps winning awards is Scottrade, which is one of the largest and most successful online trading firms. These awards are for investor satisfaction for an online company. But this website is mainly used by heavy investors who have a strong understanding in online stock trading and know the winners and losers when it comes to stock trading.

Introduction

Scottrade is a privately owned American discount retail brokerage firm headquartered in St. Louis, Missouri. Its founder and president is Rodger O. Riney. Scottrade has 455 branch offices around the U.S.. Scottrade has no international branch offices but does offer special services to its Asian-Pacific customers with a Chinese service center staffing Chinese-speaking stockbrokers. Scottrade has three separate trading platforms for their clients including, Scottrade, Scottrader, and Scottrade Elite. Scottrade Elite, the most advanced, includes news columns from both Comtex and Dow Jones, advanced charts, level two and TotalView quotes, and stock screeners

Achievements

In 2009, Scottrade placed 60th in Fortune's Top '100 Best Companies to Work For' List, slipping two spots from its previous rank of 58th in 2008. According to Fortune, The major contributor to making the 2009 list was Scottrade's ability to shake the turmoil on Wall Street and achieve its 20 year milestone on October 10th of paying quarterly bonuses and never having a layoff. Other factors were 25% job growth (390 new jobs) and zero employees outside of the U.S. Scottrade" Fortune 2 FEB 2009.

In 2008-2009, "Scottrade was ranked No. 1 in investor satisfaction with online investing services for the eighth time since 2001, according to J. D. Power and Associates' 2008 Online Investor Satisfaction Study."

In 2008, Fortune announced "that Scottrade, a leading online investment firm, has been ranked 58th on the 11th annual '100 Best Companies to Work For' list." One of the primary reasons for the ranking, according to the Business Wire article, was job growth. Scottrade hired 46% more people in 2007 than 2006, promoted over 500 employees in 2007, and disclosed that over 20% of Scottrade branch managers "began their Scottrade careers as interns."

Recently Scottrade was also selected by Computerworld magazine's 2008 16th best place to work in IT. Many things were considered when rating the work environment for technology professionals such as benefits, diversity, career development, training and retention. In addition to a comprehensive questionnaire regarding company offerings, Computerworld conducted an extensive survey of Scottrade's IT workers.

In April 2010, Scottrade was reviewed in CEOWORLD Magazine ranked 2nd Best Online Investments Stock Broker. Some of Scottrade's competitors include Fidelity , ShareBuilder and TD Ameritrade.