Scottrade Buying Power – Extended

If you’ve been in the market for a while, you probably remember as the go-to discount broker for active traders. While the name has disappeared through a series of major industry mergers, the concept of buying power remains the most critical metric for any investor. What is Buying Power?

: Charles Schwab completed its acquisition of TD Ameritrade, moving all former Scottrade and TD clients to the Schwab platform . TD Ameritrade, Inc. is now at Schwab scottrade buying power

Buying power is the total amount of money available to you to purchase securities. It is not just your cash on hand; it is the sum of your cash plus any available margin—the money you can borrow from your broker to trade. The Scottrade Legacy If you’ve been in the market for a

: Scottrade typically offered 2:1 buying power for overnight stock positions and 4:1 buying power for day trades, following standard federal regulations. What Happened to Your Scottrade Account? Your account has likely gone through two major migrations: : Charles Schwab completed its acquisition of TD

The following blog post outlines what buying power is, how it functioned at Scottrade, and how to manage it today under Charles Schwab.

Since was acquired by TD Ameritrade in 2017 and subsequently merged into Charles Schwab in 2023, "Scottrade buying power" is now managed through the Schwab platform.

During its peak, Scottrade was famous for its low-cost trades and straightforward buying power calculations.