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 275 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 | |
|---|---|---|
Commission-Free Trading - Online Stock, ETF and Option Trades - | Open an Account - | |
Benefits and Features | ||
| Stock Trading | ||
| Options Trading | $0 per online trade, plus $0.65 per contract | |
| Minimum Deposit | $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. | |
| Customer Service | ||
| Inactivity Fee | ||
| Maintenance Fee | ||
| 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 | ||
| 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:
| Pros:
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| Bottom Line | Comprehensive online broker with in-depth research... | Solid choice for cost-conscious traders who are familiar with online investing... |
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 12/05/2020. Scottrade: TD Ameritrade has acquired Scottrade. Scottrade accounts will convert to TD Ameritrade on 2/26/2018. Pricing information from published website as of 07/17/2020 | ||
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 Investment Brokerage Review
Articles on Scottrade
Scottrade Review
Which Do You Think is Best?
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