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Scottrade was a stockbroker and electronic trading platform that operated via mobile, on the web, and at branches. In September 2017, the stock brokerage division of the company was acquired by TD Ameritrade (later merged into Charles Schwab Corporation) and absorbed by that company; the banking division, Scottrade Bank, was acquired by Toronto ...
TD Ameritrade. TD Ameritrade was a stockbroker that offered an electronic trading platform for the trade of financial assets including common stocks, preferred stocks, futures contracts, exchange-traded funds, forex, options, mutual funds, fixed income investments, margin lending, and cash management services.
Cons. Brokerages tend to offer lower annual percentage yields (APYs) on savings, money market and interest checking accounts than the best online banks. Brokerages typically don’t have cash ...
The best brokerage account depends on your needs, like trading frequency, investment types and user experience. Some of the top brokerage accounts to consider are E-Trade, Charles Schwab and Fidelity.
TD Ameritrade and E*TRADE require $2,000 to open a margin account and Fidelity requires $2,500. TD Ameritrade requires a margin rate of 9.5%, the highest of the three. Fidelity has a margin rate ...
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