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.

	TD Ameritrade	Scottrade
	SPECIAL OFFER Commission-Free Trading - Online Stock, ETF and Option Trades - Learn More Read TD Ameritrade Review	SPECIAL OFFER Open an Account - Learn More Read Scottrade Review
	Benefits and Features
Stock Trading	$0 commission for online stock, ETF, and option trades	$6.95 per trade
Options Trading	$0.65 per contract	$0 + $0.65 per contract
Minimum Deposit	$0	$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	550+ Commission-Free ETFs
Penny Stocks		$6.95 per trade + 0.5% principal for any stock trading under $1
Broker Assisted Trades	$25	$25 + $0.65 fee per contract
Customer Service	(800) 669-3900 (Open 24/7)	(800) 454-9272
Inactivity Fee	$0	$0
Maintenance Fee	$0	$0
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	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)
Locations	More than 100 locations in 34 states	More than 275 branch locations
Seminars	Online webcast	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
Stock Trading
Options Trading
Banking
Mobile App
Commissions and Fees
Ease of Use
Online Community
Research
Trading Platform
Customer Service
Pros & Cons	Pros: 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 Line	Good online broker for long-term investors... Read full review	Solid choice for cost-conscious traders who are familiar with online investing... Read full review
	Commission-Free Trading - Online Stock, ETF and Option Trades Get $100 When You Deposit $25,000 or More Get $300 When You Deposit $100,000 or More	Open an Account
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 03/26/2020 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 fees are higher than competitors, but is it worth it? We say yes and here's why. We analyze and compare it for you in our in-depth review.
• TD Ameritrade vs Fidelity
• TD Ameritrade vs E*TRADE
• TD Ameritrade vs Charles Schwab
TD Ameritrade Customer Service
TD Ameritrade offers 24/7 customer service - both online and on the phone. But the best way to actually contact TD Ameritrade may surprise you. Read on.
• TD Ameritrade vs Vanguard
• TD Ameritrade vs Ally Invest
• TD Ameritrade vs Betterment

Articles on Scottrade

Scottrade Review
With low trade fees, excellent resources, and superior customer service, Scottrade is a highly trusted online broker. Read on for our in-depth review.
• Scottrade vs Merrill Edge

Which Do You Think is Best?

You Might Also Like

How to Invest in Stocks: Beginner's Guide
Want to invest in the stock market but you have no idea where to begin, or even what any of it means? Start with this beginner's guide to stocks.

Compare TD Ameritrade to:

You might also be interested in

Related: Investing

	Where to Invest 20k What to do with 20k in savings? Learn how to invest $20,000, plus 3 investments you must avoid. Imagine what it could be worth in 20 years if you start now.

Compare Scottrade to: