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Fidelity vs Scottrade

Fidelity is a comprehensive online broker with in-depth research. How does it compare to Scottrade? Read our comparison chart below.

Fidelity offers stock trades at $4.95 per trade, 91 commission free ETFs, and more than 180 branch locations. There is a $2,500 minimum deposit.

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

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Benefits and Features

Stock Trading
$4.95 per trade
$6.95 per trade
Options Trading$4.95 per online trade, plus $0.65 per contract
$6.95 + $0.70 per contract
Mutual Fund Trading$0 transaction fee for Fidelity funds
$0 on purchase for NTF (no transaction fee) non-Fidelity funds. ($49.95 on redemption if held less than 60 days)
$49.95 on purchase for non-Fidelity funds; $0 on redemption. (Certain funds may have a $75 transaction fee).
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 ETFs91 including 6 Fidelity Factor ETFs, 11 Fidelity Sector ETFs, 3 Fidelity Bond ETFs, Fidelity ONEQ, and 70 commission-free funds from iShares ETFs 
Penny Stocks $6.95 per trade + 0.5% principal for any stock trading under $1
Broker Assisted Trades$32.95 per trade for representative-assisted trades.
Customer Service
(800) 343-3548
(800) 619-7283 (Monday to Friday 6am to 1am Eastern; Saturday and Sunday 9am to 7pm Eastern)
Inactivity Fee
Maintenance Fee$12 per year for each noncore Fidelity fund under $2,000.
$25 per year for SIMPLE IRAs.
$48 per year ($12 per quarter) administrative fee for Fidelity HSA.
Minimum Deposit
$2,500 for brokerage accounts
No account minimum for retirement accounts
BankingFidelity Cash Management Account includes reimbursed ATM fees, no monthly fee, no minimum balance requirement, FDIC insurance, mobile check deposit, free billpay and free checkwriting.Scottrade Bank has no monthly maintenance fees, ATM reimbursement program, online bill pay, and mobile banking.
Mobile App
Desktop AppActive Trader Pro (requires you trade 36 times or more in a rolling 12 month period)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)
More than 180
More than 500 branch locations
Seminars In-person branch seminars, online events and live webinars
Virtual Trading
ScottradeELITE offers virtual trading

CreditDonkey® Reviews

Stock Trading
Options Trading
Mutual Fund Trading
Mobile App
Commissions and Fees
Customer Service
Ease of Use
Trading Platform
Pros & ConsPros:
  • Research reports
  • Beginner-friendly tools
  • Mobile app
  • Restricted platform
  • Low per trade fees
  • Physical locations
  • Easy-to-navigate website
  • No futures trading
  • High broker-assisted fee
Bottom LineComprehensive online broker with in-depth research... Read full reviewSolid choice for cost-conscious traders who are familiar with online investing... Read full review
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Fidelity: Pricing information from published website as of 02/28/2017

Scottrade: TD Ameritrade has acquired Scottrade. Scottrade accounts will convert to TD Ameritrade on 2/26/2018. Pricing information from published website as of 03/27/2017

Which is Better: Fidelity or Scottrade?

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

In short: Fidelity's banking and research are excellent.

Explore Fidelity In-Depth

Explore Scottrade In-Depth

Which Do You Think is Best?

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CreditDonkey is a stock broker comparison website. We publish data-driven analysis to help you save money & make savvy financial decisions.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

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