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Scottrade vs TD Ameritrade

Scottrade is a solid choice for cost-conscious traders who are familiar with online investing. How does it compare to TD Ameritrade? Read our comparison chart below.

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.

While TD Ameritrade offers stock trades at $6.95 per trade and 300+ 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.

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

 ScottradeTD Ameritrade
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Scottrade

TD Ameritrade

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Benefits and Features

Stock Trading
$6.95 per trade
$6.95 per trade
Options Trading
$6.95 + $0.70 per contract
$6.95 + $0.75 per contract
Minimum Deposit$2,500 for brokerage accounts
No account minimum for retirement accounts
$0
Mutual Fund TradingNo 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
$0 for no-transaction-fee mutual funds
$49.99 for no-load mutual funds
$0 for load mutual funds
Commission Free ETFs 
300+ Commission-Free ETFs
Penny Stocks$6.95 per trade + 0.5% principal for any stock trading under $1
Broker Assisted Trades
$32
$44.99
Customer Service(800) 619-7283 (Monday to Friday 6am to 1am Eastern; Saturday and Sunday 9am to 7pm Eastern)
(800) 669-3900
Inactivity Fee
$0
$0
Maintenance Fee
$0
$0
BankingScottrade Bank has no monthly maintenance fees, ATM reimbursement program, online bill pay, and mobile banking.Cash Management account offers free ATM withdrawals, no monthly maintenance fees, free online bill pay, and free check writing.
Mobile App
Desktop AppScottradeELITE (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)
thinkorswim
Forex Trading 
Futures Trading $2.25 per contract (plus exchange & regulatory fees)
Locations
More than 500 branch locations
More than 100 locations in 34 states
SeminarsIn-person branch seminars, online events and live webinars
Online webcast
Virtual TradingScottradeELITE offers virtual tradingPaper Trading to practice/test strategies and ideas.
 

CreditDonkey® Reviews

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

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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.

    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

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

    Which is Better: Scottrade or TD Ameritrade?

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

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


    Explore Scottrade In-Depth


    Explore TD Ameritrade In-Depth


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