Scottrade is and cannot be used to buy options today.
Standard capabilities included basic one-legged orders like buying calls or puts, and more advanced conditional or "One Cancels Other" (OCO) orders. : how to buy options on scottrade
This was the primary platform for active traders. It required a frequent Java file download to run. Scottrade is and cannot be used to buy options today
: It was not considered "user-friendly" for complex strategies because it did not provide visual profit/loss diagrams. Order Execution : It required a frequent Java file download to run
Before its closure, Scottrade offered a simplified but functional options trading experience primarily geared toward beginner and intermediate investors. :
To trade, users typically hit a "Quick Trade" button, entered the quantity, and selected the order type (often a limit order).
: All former Scottrade accounts were initially transitioned to TD Ameritrade, which was subsequently acquired by Charles Schwab .