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Scottrade vs E*TRADE

Scottrade is a solid choice for cost-conscious traders who are familiar with online investing. How does it compare to E*TRADE? 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 E*TRADE offers stock trades at $0 per trade. There is a $500 minimum deposit, no maintenance fee and no inactivity fee.

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

 

Scottrade

E*TRADE

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Benefits and Features

Stock Trading
$6.95 per trade
$0 per trade
Options Trading
$6.95 + $0.65 per contract
$0 per trade + $0.65 per contract
$0 per trade + $0.50 per contract if you make 30+ trades a quarter
Minimum Deposit$2,500 for brokerage accounts
No account minimum for retirement accounts
$500 for brokerage accounts
No account minimum for retirement accounts
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
$0 for no-load, no-transaction-fee funds
$19.99 for transaction-fee funds
Commission Free ETFs 250+ including ETFs from WisdomTree, Global X Funds, and db-X Deutsche Bank
Penny Stocks$6.95 per trade + 0.5% principal for any stock trading under $1
Broker Assisted Trades
$32
$25 + Regular Commission
Customer Service
(800) 454-9272
800-387-2331
Inactivity Fee
$0
$0
Maintenance Fee
$0
$0
BankingScottrade Bank has no monthly maintenance fees, ATM reimbursement program, online bill pay, and mobile banking.Checking account offers no minimum balance requirements, free online bill pay, and unlimited debit card and check transactions.
Mobile App
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)E*TRADE Pro (requires you execute at least 30 trades during a calendar quarter or maintain brokerage account balance of at least $250,000)
Futures Trading $1.50 per contract, per side + fees (excluding bitcoin futures)
Locations
More than 275 branch locations
30
Online Community ETrade Community lets you exchange trading and investing ideas with other ETrade customers.
SeminarsIn-person branch seminars, online events and live webinarsLive events and educational seminars at local branches.
Virtual TradingScottradeELITE offers virtual trading 
 

CreditDonkey® Reviews

Stock Trading
Options Trading
Customer Service
Banking
Mobile App
Commissions and Fees
Ease of Use
Research
Trading Platform
Online Community
Pros & ConsPros:
  • Low per trade fees
  • Physical locations
  • Easy-to-navigate website
Cons:
  • No futures trading
  • High broker-assisted fee
Pros:
  • Expansive set of resources and tools
  • Easy to use website
  • Industry leader
Cons:
  • Trade fees
Bottom LineSolid choice for cost-conscious traders who are familiar with online investing... Read full reviewOnline broker with one of the best user interfaces... 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.

    Scottrade: TD Ameritrade has acquired Scottrade. Scottrade accounts will convert to TD Ameritrade on 2/26/2018. Pricing information from published website as of 11/11/2019

    E*TRADE: Pricing information from published website as of 11/11/2019.

    Which is Better: Scottrade or E*TRADE?

    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 banking is noteworthy. E*TRADE's mobile app is outstanding.


    Articles on Scottrade


    Articles on E*TRADE


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