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TD Ameritrade vs Scottrade

TD Ameritrade is a good online broker for long-term investors. How does it compare to Scottrade? Read our comparison chart below.

TD Ameritrade offers stock trades at $6.95 per trade and 296 commission free ETFs. This online broker also has more than 100 branch locations. There is no minimum deposit, no maintenance fee, and no inactivity fee.

While Scottrade offers stock trades at $6.95 per trade and more than 500 branch office locations. There is a $2,500 minimum deposit, no maintenance fee and no inactivity fee.

Compare TD Ameritrade with Scottrade, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

 TD AmeritradeScottrade
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TD Ameritrade

Scottrade

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Read Scottrade Review

 

Benefits and Features

Stock Trading
$6.95 per trade
$6.95 per trade
Options Trading
$6.95 + $0.75 per contract
$6.95 + $0.70 per contract
Mutual Fund Trading$0 for no-transaction-fee mutual funds
$49.99 for no-load mutual funds
$0 for load mutual funds
No Fee to Buy/Sell/Exchange No-Load, No-Transaction Fee Funds
$17 to Buy/Sell/Exchange No-Load Funds
$0 to Buy Load Funds and $17 to Sell/Exchange Load Funds
Commission Free ETFs
296 Commission-Free ETFs
 
Penny Stocks
$6.95 per trade + 0.5% principal for any stock trading under $1
Broker Assisted Trades
$44.99
$32
Customer Service
(800) 669-3900
(800) 619-7283 (Monday to Friday 6am to 1am Eastern; Saturday and Sunday 9am to 7pm Eastern)
Inactivity Fee
$0
$0
Maintenance Fee
$0
$0
Minimum Deposit
$0
$2,500 for brokerage accounts
No account minimum for retirement accounts
BankingCash Management account offers free ATM withdrawals, no monthly maintenance fees, free online bill pay, and free check writing.Scottrade Bank has no monthly maintenance fees, ATM reimbursement program, online bill pay, and mobile banking.
Mobile App
Desktop App
thinkorswim
ScottradeELITE (requires you execute 9 or more stock or option trades during the past 3 months, have $25,000 in your primary account, or have $15,000 in your primary account and combined linked assets of $25,000 or more)
Forex Trading
 
Futures Trading$2.25 per contract (plus exchange & regulatory fees) 
LocationsMore than 100 locations in 34 states
More than 500 branch locations
Seminars
Online webcast
In-person branch seminars, online events and live webinars
Virtual TradingPaper Trading to practice/test strategies and ideas.ScottradeELITE offers virtual trading
 

CreditDonkey® Reviews

 TD AmeritradeScottrade
Stock Trading
Options Trading
Banking
Mobile App
Commissions and Fees
Ease of Use
Online Community
Research
Trading Platform
Customer Service
Pros & ConsPros:
  • Easy to Use
  • Thinkorswim Platform
  • Customer Service
Cons:
  • Trade Fees
Pros:
  • Low per trade fees
  • Physical locations
  • Easy-to-navigate website
Cons:
  • No futures trading
  • High broker-assisted fee
Bottom LineGood online broker for long-term investors... Read full reviewSolid choice for cost-conscious traders who are familiar with online investing... Read full review
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What Others View

    Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

    TD Ameritrade: Pricing information from published website as of 03/13/2017

    Scottrade: Pricing information from published website as of 03/27/2017

    Which is Better: TD Ameritrade or Scottrade?

    Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing TD Ameritrade or Ally Invest.

    In short: TD Ameritrade's mobile app and research are impressive.


    Explore TD Ameritrade In-Depth


    Explore Scottrade In-Depth


    Which Do You Think is Best?


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