Robinhood vs Scottrade
Robinhood is a free way to trade stocks with limited bells and whistles. How does it compare to Scottrade? Read our comparison chart below.
Robinhood offers $0 stock trades by cutting out physical offices and manual account management. Only basic stock trading can be performed on the mobile app. There is no minimum deposit or maintenance fee, though there is an optional paid premier customer tier starting at $6/month.
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 Robinhood with Scottrade, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
 | ||
 |  | |
Robinhood | Scottrade | |
|---|---|---|
Get a Free Stock (worth between $2.50 and $200) - | Open an Account - | |
Benefits and Features | ||
| Stock Trading | ||
| Options Trading | ||
| Annual Fee | All trades are commission-free. No platform fees. | |
| Minimum Deposit | $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 | |
| Commission Free ETFs | all U.S. listed ETFs | |
| Phone Support | ||
| Penny Stocks | $6.95 per trade + 0.5% principal for any stock trading under $1 | |
| Broker Assisted Trades | ||
| Customer Service | ||
| Inactivity Fee | ||
| Maintenance Fee | ||
| 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 | ||
| Online Community | ||
| Seminars | In-person branch seminars, online events and live webinars | |
| Virtual Trading | ScottradeELITE offers virtual trading | |
| Fractional Shares | ||
| Taxable Accounts | ||
| IRA Accounts | ||
CreditDonkey® Reviews | ||
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| Stock Trading |  |  |
| Options Trading | | |
| Mobile App | |  |
| Commissions and Fees | | |
| Ease of Use | | |
| Research | | |
| Customer Service | | |
| Banking | | |
| Trading Platform | | |
| Pros & Cons | Pros:
| Pros:
|
| Bottom Line | Free way to trade stocks with limited bells and whistles... | Solid choice for cost-conscious traders who are familiar with online investing... |
| | |
| 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. Robinhood: Pricing information from published websites as of 04/18/2020. Scottrade: TD Ameritrade has acquired Scottrade. Scottrade accounts will convert to TD Ameritrade on 2/26/2018. Pricing information from published website as of 07/11/2020 | ||
Which is Better: Robinhood or Scottrade?
Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing Robinhood or Ally Invest.
In short: Robinhood's stock trading and commissions and fees are impressive. Scottrade's research is noteworthy.
Articles on Robinhood
Robinhood
Articles on Scottrade
Scottrade Review
Which Do You Think is Best?
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