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How are free trades going to be paid out?

April 26, 2017Free going paid trades

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How are free trades going to be paid out?

1 Answer

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All free trades will be credited to a Scottrade account to be used immediately during the next 3 online equity or option (limit or market, GTC or day) orders placed. Please keep in mind that an open order that does not execute or an order that is placed and later cancelled or expires will “lock up” a free trade. These “locked” trades will be given back to the customer the next business morning before the market opens.