Fidelity vs Scottrade

Fidelity is a comprehensive online broker with in-depth research. How does it compare to Scottrade? Read our comparison chart below.

Fidelity offers stock trades at $0 per trade and more than 180 branch locations. There is no minimum deposit.

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

	Fidelity	Scottrade
	SPECIAL OFFER Commission-Free Trading - Online Stock, ETF and Option Trades - Learn More Read Fidelity Review	SPECIAL OFFER Open an Account - Learn More Read Scottrade Review
	Benefits and Features
Stock Trading	$0 per trade	$6.95 per trade
Options Trading	$0 per online trade, plus $0.65 per contract	$6.95 + $0.70 per contract
Minimum Deposit	$0	$2,500 for brokerage accounts No account minimum for retirement accounts
Mutual Fund Trading	$0 transaction fee for Fidelity funds $0 on purchase for NTF (no transaction fee) non-Fidelity funds. ($49.95 on redemption if held less than 60 days) $49.95 on purchase for non-Fidelity funds; $0 on redemption. (Certain funds may have a $75 transaction fee).	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	357 including 28 Fidelity factor, sector, stock, and bond ETFs and 329 iShares® ETFs
Penny Stocks		$6.95 per trade + 0.5% principal for any stock trading under $1
Broker Assisted Trades	$32.95 per trade for representative-assisted trades.	$32
Customer Service	(800) 343-3548	(800) 619-7283 (Monday to Friday 6am to 1am Eastern; Saturday and Sunday 9am to 7pm Eastern)
Inactivity Fee	$0	$0
Maintenance Fee	$0 account service fee	$0
Banking	Fidelity Cash Management Account includes reimbursed ATM fees, no monthly fee, no minimum balance requirement, FDIC insurance, mobile check deposit, free billpay and free checkwriting.	Scottrade Bank has no monthly maintenance fees, ATM reimbursement program, online bill pay, and mobile banking.
Mobile App
Desktop App	Active Trader Pro (requires you trade 36 times or more in a rolling 12 month period)	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 180	More than 500 branch locations
Seminars		In-person branch seminars, online events and live webinars
Virtual Trading		ScottradeELITE offers virtual trading
	CreditDonkey® Reviews
Stock Trading
Options Trading
Mutual Fund Trading
Banking
Mobile App
Commissions and Fees
Research
Customer Service
Ease of Use
Trading Platform
Pros & Cons	Pros: Research reports Beginner-friendly tools Mobile app Cons: Restricted platform	Pros: Low per trade fees Physical locations Easy-to-navigate website Cons: No futures trading High broker-assisted fee
Bottom Line	Comprehensive online broker with in-depth research... 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	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. Fidelity: Pricing information from published website as of 09/15/2019. Scottrade: TD Ameritrade has acquired Scottrade. Scottrade accounts will convert to TD Ameritrade on 2/26/2018. Pricing information from published website as of 03/27/2017

Which is Better: Fidelity or Scottrade?

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

In short: Fidelity's banking and research are excellent.

Articles on Fidelity

Fidelity Review
Thinking of opening a brokerage account with Fidelity? There are many reasons to love Fidelity and a few reasons to think about going elsewhere.
• Fidelity vs Vanguard
• Fidelity vs Charles Schwab
• Fidelity vs E*TRADE

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 TD Ameritrade
• Scottrade vs Ally Invest
• Scottrade vs Merrill Edge

Which Do You Think is Best?

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