: Scottrade was acquired by TD Ameritrade for $4 billion.
: Your buying power was simply your settled cash.
: 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:
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.
Understanding Buying Power: From Scottrade to Charles Schwab
The following blog post outlines what buying power is, how it functioned at Scottrade, and how to manage it today under Charles Schwab.
: 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
During its peak, Scottrade was famous for its low-cost trades and straightforward buying power calculations.
