Currency options allow investors to purchase option contracts on the value of foreign currency as it compares to the U.S. dollar. … If you're trading call options on the PHLX, for example, your contract would be in-the-money if the foreign currency strengthened vs. the U.S. dollar …

With ScottradeELITE's virtual trading system, you can place mock trades using virtual cash in a risk-free environment. … We do not offer margin accounts through the virtual trading system. … The trades made within the virtual trading system are not real and will not affect your actual …

Jan 27, 2017 – Where Scottrade falls short. Limited investment selection: Scottrade's lack of commission-free ETFs isn't unusual for an online broker, but it's worth pointing out because those are a popular vehicle for beginner investors and IRA investors. The company also doesn't offer futures or forex trading — at least, …

Dec 21, 2016 – This Scottrade review was led by the team of www.forextrading.biz for those who need to know about how to open a trading account with Scottrade. It is an online broker and is… more" /> …

But know that this is a very risky market, and, unfortunately, Scottrade doesn't offer a free virtual cash account where you can try your hand at the forex game like many of its competitors do. So, you might want to check out another online brokerage to practice trading currencies if you intend to utilize Scottrade as your online …