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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
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Robinhood

Scottrade

SPECIAL OFFER
Get a Free Stock (worth between $2.50 and $200) - Learn More

Read Robinhood Review

SPECIAL OFFER
Open an Account - Learn More

Read Scottrade Review

 

Benefits and Features

Stock Trading
$0
$6.95 per trade
Options Trading 
$0 + $0.65 per contract
Annual FeeAll trades are commission-free. No platform fees. 
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
Commission Free ETFsall U.S. listed ETFs 
Phone Support
No
 
Penny Stocks $6.95 per trade + 0.5% principal for any stock trading under $1
Broker Assisted Trades
$10
$25 + $0.65 fee per contract
Customer Service
Monday-Friday 9am - 6pm ET
(800) 454-9272
Inactivity Fee
$0
$0
Maintenance Fee
$0
$0
Banking
Coming soon
Scottrade Bank has no monthly maintenance fees, ATM reimbursement program, online bill pay, and mobile banking.
Mobile App
Yes
Desktop App
Yes
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
No
More than 275 branch locations
Online Community
No
 
Seminars
No
In-person branch seminars, online events and live webinars
Virtual Trading
No
ScottradeELITE offers virtual trading
Fractional Shares
Coming Soon
 
Taxable Accounts
Yes
 
IRA Accounts
No
 
 

CreditDonkey® Reviews

 Robinhood
Stock Trading
Options Trading
Mobile App
Commissions and Fees
Ease of Use
Research
Customer Service
Banking
Trading Platform
Pros & ConsPros:
  • Commission-free trades
  • No minimum
  • Extended trading hours
Cons:
  • No IRAs
  • Limited research
  • No mutual funds & bonds
Pros:
  • Low per trade fees
  • Physical locations
  • Easy-to-navigate website
Cons:
  • No futures trading
  • High broker-assisted fee
Bottom LineFree way to trade stocks with limited bells and whistles... 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.

    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


    Articles on Scottrade


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