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We offer two products for trading options:
1. A basic online option trading account that you can request in addition to your Scottrade brokerage account. This account is designed for investors who understand the basics and risks associated with trading options.
2. For advanced options traders, we offer a separate platform called OptionsFirst. This platform is customized for advanced traders who require the latest tools and features for trading complex options strategies. You can learn about all of the features at www.options.scottrade.com.
Both accounts offer simple and straight-forward pricing, you can trade market or limit option orders for $7 plus $1.25 per contract. Our low commissions apply to all option trades, regardless of trade frequency, account balance, or the number of shares in a transaction.
You can apply for an options account by contacting your local branch office. Due to the nature of trading options, all stock option accounts require approval by Scottrade. Options have a high degree of risk, and are not appropriate for all investors. Please read the Options Account Agreement, Brokerage Account Agreement and Characteristics and Risks of Standardized options carefully prior to opening an option investing account.
Brokerage Products and Services offered by Scottrade, Inc. – Member FINRA and SIPC.
Any specific securities, or types of securities, used as examples are for demonstration purposes only. No information on this web site should be considered a recommendation or solicitation to invest in, or liquidate, a particular security or type of security.
Investors should consider the investment objectives, risks, charges and expenses of a mutual fund carefully before investing. A mutual fund's prospectus contains this and other information about the mutual fund. Prospectuses are available through our trading site or through a Scottrade branch office. The prospectus should be read carefully before investing. No transaction fee (NTF) funds are subject to the terms and conditions of the NTF funds program. Scottrade is compensated by the funds participating in the NTF program through recordkeeping, shareholder, or SEC 12b-1 fees.
Investors should consider the investment objectives, risks, charges, and expenses of an Exchange-Traded Fund (ETF) carefully before investing. A prospectus contains this and other information about the ETF can be obtained from the issuer. The prospectus should be read carefully before investing.
Margin trading involves interest charges and risks, including the potential to lose more than deposited or the need to deposit additional collateral in a falling market. The Margin Disclosure Statement and Agreement (PDF) is available for download, or it is available at one of our branch offices. It contains information on our lending policies, interest charges, and the risks associated with margin accounts.
Options are not appropriate for all investors. Detailed information on our policies and the risks associated with options can be found in Scottrade's Options Application and Agreement, Brokerage Account Agreement, and Characteristics and Risks of Standardized Options (also available at one of our branch offices). All option accounts require prior approval by Scottrade.
Online market and limit equity orders are just $7 for stocks over $1.
Market volatility, volume, and system availability may impact account access and trade execution.
Testimonials may not be representative of the experience of other clients and are no guarantee of future performance or success.