Knowledge Center

Getting Started in ELITE

ScottradeELITE FAQs

How much does ScottradeELITE cost?
ScottradeELITE is free for those online traders who qualify.

How do I qualify for ScottradeELITE?
To download ScottradeELITE, your stock trading account needs to have a minimum account value of $25,000.Your account value consists of cash and all securities. ScottradeELITE accounts, along with all other types of Scottrade accounts, have no inactivity fees.

How much does Trade-Ideas cost?
Trade-Ideas is free for all ScottradeELITE clients. This is a $60 per month value that Scottrade provides to ScottradeELITE clients for free!

What is the difference between NASDAQ TotalView and Level II stock quotes?
NASDAQ TotalView is the best, most complete, and fastest data feed available from NASDAQ. TotalView displays every single bid and ask from every market participant within the NASDAQ Market Center.

When you sign up for TotalView, you automatically get Level II quotes free. Level II displays the best bid and ask for each market participant in the NASDAQ Market Center.

How much does NASDAQ TotalView cost?
You will initially be charged a $15 activation fee upon accessing and agreeing to use TotalView quotes. The $15 activation fee cannot be refunded.

TotalView is free each month if you complete 15 commissionable trades that month. Otherwise, there is a $15 per month service fee. If you do complete 15 trades, the monthly fee will be rebated back to your account on the first business day of the following month.

When you sign up for NASDAQ TotalView you automatically get Level II quotes free.

Note: NASDAQ TotalView quotes are optional. You can choose to enable TotalView quotes at any time after you download the ScottradeELITE platform.

How do I activate NASDAQ TotalView within ScottradeELITE?
Once you have downloaded and logged into ScottradeELITE, click the TotalView button on the Main Toolbar at the top of the screen. When a page describing TotalView appears, click Activate TotalView. Next, a user agreement window appears. If you choose to activate TotalView, enter your account number and password. If you do not want to activate TotalView, close the window. You will need to close ScottradeELITE and reopen it before TotalView is activated.

How much do NASDAQ Level II quotes cost?
You will initially be charged a $10 activation fee upon accessing and agreeing to use Level II quotes. The $10 activation fee cannot be refunded.

Level II is free each month if you complete 10 commissionable trades that month. Otherwise, there is a $10 per month service fee. If you do complete 10 trades, the monthly fee will be rebated back to your account on the first business day of the following month.

Note: Level II quotes are optional. You can choose to enable Level II quotes any time after you have downloaded the ScottradeELITE tool.

How do I activate the Level II quotes within ScottradeELITE?
Once you have downloaded and logged in to ScottradeELITE, click the Level II button on the Main Toolbar at the top of the screen. A user agreement appears. If you choose to activate NASDAQ Level II quotes, enter your account number and password. If you do not want to activate the Level II quotes, simply close the window. You will need to close ScottradeELITE and reopen it before Level II is activated.

Note: You can always choose to activate the Level II quotes at a later date by clicking the Level II button and agreeing to the user agreement.

Must I subscribe to NASDAQ TotalView or Level II quotes in order to utilize ScottradeELITE?
No. NASDAQ TotalView and Level II quotes are optional services.

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The information and content provided in the Scottrade® Knowledge Center is for informational and/or educational purposes only. The information presented or discussed is not, and should not be considered, a recommendation or an offer of, or solicitation of an offer by, Scottrade or its affiliates to buy, sell or hold any security or other financial product or an endorsement or affirmation of any specific investment strategy. You are fully responsible for your investment decisions. Your choice to engage in a particular investment or investment strategy should be based solely on your own research and evaluation of the risks involved, your financial circumstances and your investment objectives. Scottrade, Inc. and its affiliates are not offering or providing, and will not offer or provide, any advice, opinion or recommendation of the suitability, value or profitability of any particular investment or investment strategy.