Brokerage Commissions Schedule

Stocks — Market and Limit Orders

For stocks priced under $1, add ½% of the principal value to the commissions shown. Some foreign and pink sheet stocks must be traded with broker assistance. Commissions are charged on a per order basis. Limit orders executed over multiple days and orders modified after a partial execution on the same day will be treated as separate orders for commission calculation purposes. A majority of orders must be executed online to qualify for the online commission rates. Scottrade receives compensation for certain equity and option orders as described more completely in our Order Routing and Execution page. Generally, this compensation will take the form of payment for order flow, profit sharing arrangements, liquidity rebates or possible trading profits if Scottrade executes the order as a principal. For non-online accounts, the commission for market and limit orders is the broker assisted rate plus .02 per share for stocks that are $1 and above.

Options (Equity or Index) — Market and Limit Orders

Options may not be suitable for all investors. Please click here for Characteristics and Risks of Standardized Options.

Mutual Funds

Mutual Fund orders placed through a broker are an additional $20. In addition to the commissions above, NTF and No-Load Fund shares not in the NTF program that are purchased from Scottrade and are held fewer than 90 days will be charged a $17 short-term redemption fee. Exceptions to Scottrade's short-term redemption fee are: Rydex, ProFunds and Direxionfunds families of funds, which are intended for short-term traders. With regard to No-Loads that are not in the NTF program, Systematic Purchase/Redemptions will be charged $2 per occurrence. Mutual fund purchase orders at Scottrade must be the greater of $100 or the fund's minimum initial investment. You must have sufficient settled funds in the account to meet both the applicable minimum and cover transaction fees and other fees prior to placing the trade. Investors should consider the investment objectives, risks, and charges and expenses of a mutual fund carefully before investing. The prospectus contains this and other information about a mutual fund. The fund's objectives(s) and risk level as well as sales charges, redemption fees, initial minimum investment requirements, expense ratios, and rules regarding market timing are fully disclosed in the prospectus. Prospectuses may be ordered online or through your local branch. The prospectus should be read carefully before investing.

* 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 record keeping, shareholder or SEC Rule 12b-1 fees.

** Not applicable if the fund charges a contingent deferred sales charge.

Canadian Orders

Canadian orders cannot be placed online. Quotes given by brokers are typically in Canadian dollars, while orders are entered in U.S. Please clarify with your broker if you have any questions. Add in the Canadian floor brokerage fee if buying, or subtract if selling:

• Stocks under $10: .01 per share
• Stocks over $10: .015 per share
• Vancouver charges up to $.05 per share for odd lot orders.

The following is a schedule of what is considered a round lot on the Vancouver exchange:

Canadian exchange fees are charged in U.S. dollars. It is the client's responsibility to ask the broker if any additional Canadian fees will be applied prior to placing a trade.

When Scottrade acts as a principal, the bonds will be subject to a markup or markdown.

All commissions, fees and rates are subject to change without notice.