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Report: #1084484

Complaint Review: Scottrade - international Select State/Province

  • Submitted:
  • Updated:
  • Reported By: LarCard — Canton Georgia
  • Author Not Confirmed What's this?
  • Why?
  • Scottrade branches, USA international, Select State/Province USA

Scottrade $75 Account Closure Fee international USA

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Traded successfully with Scottrade for just over ten years.  No problems with transactions.  As another complaint mentioned, they play fast and loose with prices but so do all the other brokerage houses.  I've had them all at one time or another.  Scottrade was much better about delivering notifications about companies and ETFs than other brokerages. 

I closed my account because of personal circumstances and a desire to consolidate accounts into managed funds.  I was very satisfied with Scottrade. Until now.  I had thousands of $7 trades over the years.  When I closed my non-retirement account, they charged a $75 fee. 

My account had been cash for over 30 days.  There were no trading fees.  In retrospect, I should have moved all the money into the banking account I had with Scottrade and just written a check.  

I contacted them and haven't heard from them as yet. It's a disgrace.  Traders be warned.  A $75 fee today could become a $200 fee tomorrow.  Seems like Scottrade just charges whatever they can. They certainly don't respect long-term customers. 

This report was posted on Ripoff Report on 09/14/2013 10:45 AM and is a permanent record located here: https://www.ripoffreport.com/reports/scottrade/international-select-stateprovince/scottrade-75-account-closure-fee-international-usa-1084484. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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