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 $0 commission online stock, ETF, and option trades. 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 275 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.
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 |  | |
TD Ameritrade | Scottrade | |
|---|---|---|
Commission-Free Trading - Online Stock, ETF and Option Trades - | Open an Account - | |
Benefits and Features | ||
| Stock Trading | $0 commission for online stock, ETF, and option trades | |
| Options Trading | ||
| Minimum Deposit | $2,500 for brokerage accounts No account minimum for retirement accounts | |
| 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 | ||
| Penny Stocks |  | $6.95 per trade + 0.5% principal for any stock trading under $1 |
| Broker Assisted Trades | ||
| Customer Service | ||
| Inactivity Fee | ||
| Maintenance Fee | ||
| Banking | Cash 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 | 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) | |
| Locations | More than 100 locations in 34 states | |
| Seminars | In-person branch seminars, online events and live webinars | |
| Virtual Trading | Paper Trading to practice/test strategies and ideas. | ScottradeELITE offers virtual trading |
CreditDonkey® Reviews | ||
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| Stock Trading |    | |
| Options Trading | | |
| Banking | | |
| Mobile App | | |
| Commissions and Fees | | |
| Ease of Use | | |
| Online Community | | |
| Research | | |
| Trading Platform | | |
| Customer Service | | |
| Pros & Cons | Pros:
| Pros:
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| Bottom Line | Good online broker for long-term investors... | Solid choice for cost-conscious traders who are familiar with online investing... |
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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 07/18/2019. Scottrade: TD Ameritrade has acquired Scottrade. Scottrade accounts will convert to TD Ameritrade on 2/26/2018. Pricing information from published website as of 06/23/2020 TD Ameritrade: TD Ameritrade has not influenced the content of CreditDonkey. CreditDonkey may earn compensation for accounts opened at TD Ameritrade. | ||
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.
Articles on TD Ameritrade
Ameritrade
TD Ameritrade Customer Service
Articles on Scottrade
Scottrade Review
Which Do You Think is Best?
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