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Betterment vs Scottrade


 Betterment
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Betterment

Scottrade

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Benefits and Features

Stock Trading 
$6.95 per trade
Options Trading 
$6.95 + $0.70 per contract
Annual Fee0.25% for accounts under $100,000; 0.40% for accounts $100,000+ 
Minimum Deposit
$0
$2,500 for brokerage accounts
No account minimum for retirement accounts
Mutual Fund Trading 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
Phone Support
Yes
 
Live Chat Support
No
 
Email Support
Yes
 
Human Advisors
Yes
 
Robo Advisor
 
Assets Under Management
$14 Billion
 
Penny Stocks $6.95 per trade + 0.5% principal for any stock trading under $1
Tax Loss Harvesting
Yes
 
Goal Tracker
Yes
 
Automatic Deposits
Yes
 
Broker Assisted Trades 
$32
Customer Service (800) 619-7283 (Monday to Friday 6am to 1am Eastern; Saturday and Sunday 9am to 7pm Eastern)
Inactivity Fee 
$0
Maintenance Fee 
$0
Online Platform
Yes
 
iPhone App
Yes
 
Android App
Yes
 
Banking 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)
Locations 
More than 500 branch locations
Seminars In-person branch seminars, online events and live webinars
Virtual Trading ScottradeELITE offers virtual trading
Single Stock Diversification
No
 
Fractional Shares
Yes
 
Taxable Accounts
Yes
 
401k Plans
Yes
 
IRA Accounts
Yes
 
Roth IRA Accounts
Yes
 
SEP IRA Accounts
Yes
 
Trust Accounts
Yes
 
529 Plans
No
 
 

CreditDonkey® Reviews

 Betterment
Annual Fee
Minimum Deposit
Human Advisors
Customer Service
Stock Trading
Options Trading
Banking
Mobile App
Commissions and Fees
Ease of Use
Research
Trading Platform
Pros & ConsPros:
  • No minimum investment
  • Many customized portfolios
  • Automatically invest extra funds
Cons:
  • Limited investment options
  • High fees for large investors
Pros:
  • Low per trade fees
  • Physical locations
  • Easy-to-navigate website
Cons:
  • No futures trading
  • High broker-assisted fee
Bottom LineGreat robo-advisor for beginners with low fees, good tools, and tax strategies... 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.

    Betterment: Pricing information from published website as of 04/04/2018

    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


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