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E*TRADE vs Scottrade

E*TRADE is an online broker with one of the best user interfaces. How does it compare to Scottrade? Read our comparison chart below.

E*TRADE offers stock trades at $6.95 per trade and 118 commission free ETFs. There is a $500 minimum deposit, no maintenance fee and no inactivity fee.

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 E*TRADE 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$6.95 per trade
$4.95 per trade if you make 30+ trades a quarter
$6.95 per trade
Options Trading$6.95 + $0.75 per contract
$4.95 + $0.50 per contract if you make 30+ trades a quarter
$6.95 + $0.70 per contract
Mutual Fund Trading$0 for no-load, no-transaction-fee funds
$19.99 for transaction-fee 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 ETFs118 including ETFs from WisdomTree, Global X Funds, and db-X Deutsche Bank 
Penny Stocks
$6.95 per trade + 0.5% principal for any stock trading under $1
Broker Assisted Trades
$25 + Regular Commission
Customer Service
(650) 599-0125
(800) 619-7283 (Monday to Friday 6am to 1am Eastern; Saturday and Sunday 9am to 7pm Eastern)
Inactivity Fee
Maintenance Fee
Minimum Deposit$500 for brokerage accounts
No account minimum for retirement accounts
$2,500 for brokerage accounts
No account minimum for retirement accounts
BankingChecking account offers no minimum balance requirements, free online bill pay, and unlimited debit card and check transactions.Scottrade Bank has no monthly maintenance fees, ATM reimbursement program, online bill pay, and mobile banking.
Mobile App
Desktop AppE*TRADE Pro (requires you execute at least 30 trades during a calendar quarter or maintain brokerage account balance of at least $250,000)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)
Futures Trading
More than 500 branch locations
Online CommunityETrade Community lets you exchange trading and investing ideas with other ETrade customers. 
SeminarsLive events and educational seminars at local branches.In-person branch seminars, online events and live webinars
Virtual Trading ScottradeELITE offers virtual trading

CreditDonkey® Reviews

Stock Trading
Options Trading
Mobile App
Commissions and Fees
Ease of Use
Online Community
Trading Platform
Customer Service
Pros & ConsPros:
  • Expansive set of resources and tools
  • Easy to use website
  • Industry leader
  • Trade fees
  • Low per trade fees
  • Physical locations
  • Easy-to-navigate website
  • No futures trading
  • High broker-assisted fee
Bottom LineOnline broker with one of the best user interfaces... 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.

    E*TRADE: Pricing information from published website as of 03/13/2017

    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: E*TRADE or Scottrade?

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

    In short: E*TRADE's mobile app is outstanding. Scottrade's banking is noteworthy.

    Explore E*TRADE In-Depth

    Explore Scottrade In-Depth

      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.

    Which Do You Think is Best?

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