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Scottrade vs Betterment

Scottrade is a solid choice for cost-conscious traders who are familiar with online investing. How does it compare to Betterment? 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 Betterment offers automatic investing starting at an annual fee of 0.25% of your account balance. There is no fee to open an account and no minimum deposit required. All balances get automatic rebalancing, tax loss harvesting, and access to financial experts.

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

 Betterment
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Scottrade

Betterment

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Benefits and Features

Stock Trading
$6.95 per trade
 
Options Trading
$0 + $0.65 per contract
 
Annual Fee 0.25% for accounts under $100,000; 0.40% for accounts $100,000+
Minimum Deposit$2,500 for brokerage accounts
No account minimum for retirement accounts
$0
Mutual Fund TradingNo 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
 
Phone Support 
Yes
Live Chat Support 
No
Email Support 
Yes
Human Advisors 
Yes
Robo Advisor 
Assets Under Management 
$14 Billion
Penny Stocks$6.95 per trade + 0.5% principal for any stock trading under $1 
Tax Loss Harvesting 
Yes
Goal Tracker 
Yes
Automatic Deposits 
Yes
Broker Assisted Trades
$25 + $0.65 fee per contract
 
Customer Service
(800) 454-9272
 
Inactivity Fee
$0
 
Maintenance Fee
$0
 
Online Platform 
Yes
iPhone App 
Yes
Android App 
Yes
BankingScottrade Bank has no monthly maintenance fees, ATM reimbursement program, online bill pay, and mobile banking. 
Mobile App
Yes
Desktop AppScottradeELITE (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 275 branch locations
 
SeminarsIn-person branch seminars, online events and live webinars 
Virtual TradingScottradeELITE offers virtual trading 
Single Stock Diversification 
No
Fractional Shares 
Yes
Taxable Accounts 
Yes
401k Plans 
Yes
IRA Accounts 
Yes
Roth IRA Accounts 
Yes
SEP IRA Accounts 
Yes
Trust Accounts 
Yes
529 Plans 
No
 

CreditDonkey® Reviews

 Betterment
Stock Trading
Options Trading
Customer Service
Banking
Mobile App
Commissions and Fees
Ease of Use
Research
Trading Platform
Annual Fee
Minimum Deposit
Human Advisors
Pros & ConsPros:
  • Low per trade fees
  • Physical locations
  • Easy-to-navigate website
Cons:
  • No futures trading
  • High broker-assisted fee
Pros:
  • No minimum investment
  • Many customized portfolios
  • Automatically invest extra funds
Cons:
  • Limited investment options
  • High fees for large investors
Bottom LineSolid choice for cost-conscious traders who are familiar with online investing... Read full reviewGreat robo-advisor for beginners with low fees, good tools, and tax strategies... Read full review
 Learn MoreVisit Site

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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.

    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

    Betterment: Pricing information from published website as of 04/04/2018

    Which is Better: Scottrade or Betterment?

    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: Scottrade's customer service is impressive.


    Articles on Scottrade


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    CreditDonkey is a stock broker comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

    Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

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