Scottrade vs TD Ameritrade

Scottrade is a solid choice for cost-conscious traders who are familiar with online investing. How does it compare to TD Ameritrade? Read our comparison chart below.

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.

While TD Ameritrade offers $0 commission online stock, ETF, and option trades. This online broker also has more than 100 branch locations. There is no minimum deposit, no maintenance fee, and no inactivity fee.

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

	Scottrade	TD Ameritrade
	SPECIAL OFFER Open an Account - Learn More Read Scottrade Review	SPECIAL OFFER Commission-Free Trading - Online Stock, ETF and Option Trades - Learn More Read TD Ameritrade Review
	Benefits and Features
Stock Trading	$6.95 per trade	$0 commission for online stock, ETF, and option trades
Options Trading	$0 + $0.65 per contract	$0.65 per contract
Minimum Deposit	$2,500 for brokerage accounts No account minimum for retirement accounts	$0
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	$0 for no-transaction-fee mutual funds $49.99 for no-load mutual funds $0 for load mutual funds
Commission Free ETFs		550+ Commission-Free ETFs
Penny Stocks	$6.95 per trade + 0.5% principal for any stock trading under $1
Broker Assisted Trades	$25 + $0.65 fee per contract	$25
Customer Service	(800) 454-9272	(800) 669-3900 (Open 24/7)
Inactivity Fee	$0	$0
Maintenance Fee	$0	$0
Banking	Scottrade Bank has no monthly maintenance fees, ATM reimbursement program, online bill pay, and mobile banking.	Cash Management account offers free ATM withdrawals, no monthly maintenance fees, free online bill pay, and free check writing.
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)	Thinkorswim
Forex Trading
Futures Trading		$2.25 per contract (plus exchange & regulatory fees)
Locations	More than 275 branch locations	More than 100 locations in 34 states
Seminars	In-person branch seminars, online events and live webinars	Online webcast
Virtual Trading	ScottradeELITE offers virtual trading	Paper Trading to practice/test strategies and ideas.
	CreditDonkey® Reviews
Stock Trading
Options Trading
Customer Service
Banking
Mobile App
Commissions and Fees
Ease of Use
Research
Trading Platform
Online Community
Pros & Cons	Pros: Low per trade fees Physical locations Easy-to-navigate website Cons: No futures trading High broker-assisted fee	Pros: Easy to Use Thinkorswim Platform Customer Service Cons: Trade Fees
Bottom Line	Solid choice for cost-conscious traders who are familiar with online investing... Read full review	Good online broker for long-term investors... Read full review
	Open an Account	Commission-Free Trading - Online Stock, ETF and Option Trades Get $100 When You Deposit $25,000 or More Get $300 When You Deposit $100,000 or More
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Scottrade: TD Ameritrade has acquired Scottrade. Scottrade accounts will convert to TD Ameritrade on 2/26/2018. Pricing information from published website as of 02/21/2020 TD Ameritrade: Pricing information from published website as of 07/18/2019. TD Ameritrade: TD Ameritrade has not influenced the content of CreditDonkey. CreditDonkey may earn compensation for accounts opened at TD Ameritrade.

Which is Better: Scottrade or TD Ameritrade?

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

In short: TD Ameritrade's mobile app and research are impressive.

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 E*TRADE
• Scottrade vs Fidelity
• Scottrade vs Vanguard

Articles on TD Ameritrade

Ameritrade
TD Ameritrade fees are higher than competitors, but is it worth it? We say yes and here's why. We analyze and compare it for you in our in-depth review.
• TD Ameritrade vs Charles Schwab
• TD Ameritrade vs Ally Invest
• TD Ameritrade vs Betterment
TD Ameritrade Customer Service
TD Ameritrade offers 24/7 customer service - both online and on the phone. But the best way to actually contact TD Ameritrade may surprise you. Read on.

Which Do You Think is Best?

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