What is the minimum initial and subsequent purchase requirement for mutual funds?
A. Mutual fund purchase and exchange 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. Fund minimum initial investment amounts vary. For more details, view the Value Line® Snapshot by entering a symbol in the search box Mutual Fund Center, or call your local Scottrade branch office.
