A mixture of of both worlds. Combining their services and commissions you get exactly that. Not the cheapest commissions around, but lower than the “all-in-one” brokerages, and a limited amount of services, but more than “low commission focused” brokerages.

Tools, tools, and then more tools. Scottrade offers a wide variety of tools for its users to use. There is a streaming application for both options and stocks, while there is also a desktop program available for those that deposit a minimum of $25,000 into their account. Also new to the group is Scottrade’s own mobile application, so you can trade on the go. See a full list of brokerages that offer mobile trading services.

Stock Brokerage Details

Commissions: Stocks $7 per trade; Options $7 plus $1.25 per contract.

Account Minimums: $0 and no inactivity fees ($500 initial deposit required)

Overall, you really get what you pay for with Scottrade: decent commission fees along with more than enough investment options. Its not necessarily the best nor the worse, but a brokerage that can satisfy almost any type of trader.

Sign up for a Scottrade account.

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If you are unfamiliar with mutual funds, the types that are available, and what they do, then take a second to learn about it.

Because mutual funds are traditionally meant to be held for longer than stocks and an investment company usually manages them, commissions tend to be more than a regular stock or option trader; however, if you are in for the long-term than it makes sense for these prices.

Before we take a look at the list, here are couple things to keep in mind before choosing the right brokerage for your mutual fund investing:

Does your bank offer investment services? With normal stock trading, most banks that offer related services tend to have non-competitive commissions, but many banks actually offer good deals on investing with mutual funds. Many times requiring you to pay no fees at all. Check to see if your bank offers such services.

Does the brokerage in question have access to the fund in question? While many funds are easily accessible, unfortunately there are times when you can’t invest in a mutual fund due the your particular broker. A good way to check is to do a quick symbol query through the site’s ticker search. Odds are if its there, then you can invest in it with them.

A list of the best brokerages for mutual funds.

Related posts:

1. Discount Stock Brokerages That Offer Mobile Trading Apps

While there are a bunch of financial related apps to do things like stock research and tracking on mobile devices… being able to actually connect with your brokerage account and execute orders can prove to be a very powerful and profitable endeavor.

A list of brokerages that offer mobile trading applications.

Note: Apps can be found and downloaded through the actual phone, iTunes, or individual brokerage site.

Why would you want to mobile trade?

With mobile trading apps you can trade from work, in traffic, at the auto shop, while getting a haircut, during school, and virtually anywhere by just using your phone. Basically it makes it possible to actively trade without needing to be by an actual computer all day.

Learn more about mobile trading.

Related posts:

1. Brokerages That Offer Forex Trading Online
2. Best Stock Brokerage For New Traders
3. Best Brokerages For Mutual Funds