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Scottrade vs Fidelity

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

Scottrade offers stock trades at $6.95 per trade and more than 500 branch office locations. There is a $2,500 minimum deposit, no maintenance fee and no inactivity fee.

While Fidelity offers stock trades at $4.95 per trade, 91 commission free ETFs, and more than 180 branch locations. There is a $2,500 minimum deposit.

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

 ScottradeFidelity
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Scottrade

Fidelity

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Benefits and Features

Stock Trading
$6.95 per trade
$4.95 per trade
Options Trading
$6.95 + $0.70 per contract
$4.95 per online trade, plus $0.65 per contract
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 transaction fee for Fidelity funds
$0 on purchase for NTF (no transaction fee) non-Fidelity funds. ($49.95 on redemption if held less than 60 days)
$49.95 on purchase for non-Fidelity funds; $0 on redemption. (Certain funds may have a $75 transaction fee).
Commission Free ETFs 91 including 6 Fidelity Factor ETFs, 11 Fidelity Sector ETFs, 3 Fidelity Bond ETFs, Fidelity ONEQ, and 70 commission-free funds from iShares ETFs
Penny Stocks$6.95 per trade + 0.5% principal for any stock trading under $1 
Broker Assisted Trades
$32
$32.95 per trade for representative-assisted trades.
Customer Service(800) 619-7283 (Monday to Friday 6am to 1am Eastern; Saturday and Sunday 9am to 7pm Eastern)
(800) 343-3548
Inactivity Fee
$0
$0
Maintenance Fee
$0
$12 per year for each noncore Fidelity fund under $2,000.
$25 per year for SIMPLE IRAs.
$48 per year ($12 per quarter) administrative fee for Fidelity HSA.
Minimum Deposit$2,500 for brokerage accounts
No account minimum for retirement accounts
$2,500
BankingScottrade Bank has no monthly maintenance fees, ATM reimbursement program, online bill pay, and mobile banking.Fidelity Cash Management Account includes reimbursed ATM fees, no monthly fee, no minimum balance requirement, FDIC insurance, mobile check deposit, free billpay and free checkwriting.
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)Active Trader Pro (requires you trade 36 times or more in a rolling 12 month period)
Locations
More than 500 branch locations
More than 180
SeminarsIn-person branch seminars, online events and live webinars 
Virtual TradingScottradeELITE offers virtual trading
 

CreditDonkey® Reviews

 ScottradeFidelity
Stock Trading
Options Trading
Customer Service
Banking
Mobile App
Commissions and Fees
Ease of Use
Research
Trading Platform
Mutual Fund Trading
Pros & ConsPros:
  • Low per trade fees
  • Physical locations
  • Easy-to-navigate website
Cons:
  • No futures trading
  • High broker-assisted fee
Pros:
  • Research reports
  • Beginner-friendly tools
  • Mobile app
Cons:
  • Restricted platform
Bottom LineSolid choice for cost-conscious traders who are familiar with online investing... Read full reviewComprehensive online broker with in-depth research... Read full review
 Learn MoreLearn More

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Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

Scottrade: Pricing information from published website as of 03/27/2017

Fidelity: Pricing information from published website as of 02/28/2017

Which is Better: Scottrade or Fidelity?

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: Fidelity's banking and research are excellent.


Explore Scottrade In-Depth


Explore Fidelity In-Depth

    Fidelity Review

    Thinking of opening a brokerage account with Fidelity? There are many reasons to love Fidelity and a few reasons to think about going elsewhere.

Which Do You Think is Best?

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