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Scottrade vs Vanguard

Scottrade is a solid choice for cost-conscious traders who are familiar with online investing. How does it compare to Vanguard? 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 Vanguard offers low stock trade prices (starting at just $2) for investors with account balances over $500k. For those with smaller balances, it's best for less active traders, as trade prices go up after 25 trades/year. Vanguard offers 125+ no-transaction-fee mutual fees and 55+ commission-free ETFs. There is no minimum deposit and service fees can be waived by signing up for electronic statements.

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

 

Scottrade

Vanguard

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Benefits and Features

Stock Trading
$6.95 per trade
Less than $50,000: $7 per trade for the first 25 trades per year, then $20.
$50k - $500k: All trades $7.
$500k - $1M: All trades $2.
$1M - $5M: First 25 trades per year free, then $2.
$5M+: First 100 trades per year free, then $2
Options Trading
$6.95 + $0.70 per contract
Less than $500,000: $7 + $1 per contract.
$500,000+: $2 + $1 per contract
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
$0 for no-transaction-fee funds. For transaction-fee funds: $20 for account balances less than $500,000; $8 for account balances $500,000+
Commission Free ETFs Around 1,800 ETFs from about 100 other companies
Penny Stocks$6.95 per trade + 0.5% principal for any stock trading under $1 
Broker Assisted Trades
$32
$25.00
Customer Service(800) 619-7283 (Monday to Friday 6am to 1am Eastern; Saturday and Sunday 9am to 7pm Eastern)
Monday-Friday 8am -10pm ET
Inactivity Fee
$0
$0
Maintenance Fee
$0
$20/year. Waived if account owner signs up for e-delivery service OR have at least $10,000 in Vanguard ETFs and mutual funds
BankingScottrade Bank has no monthly maintenance fees, ATM reimbursement program, online bill pay, and mobile banking.
No
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)
Yes
Forex Trading 
Yes
Futures Trading 
No
Locations
More than 500 branch locations
No
Online Community 
No
SeminarsIn-person branch seminars, online events and live webinars
Yes
Virtual TradingScottradeELITE offers virtual trading
No
 

CreditDonkey® Reviews

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:
  • Large selection of mutual funds and commission-free ETFs
  • Broker assistance is available at no additional cost
  • Easy to use
Cons:
  • Commission structure penalizes frequent traders
  • Customer service wait times
  • Commission costs on non-Vanguard investment options
Bottom LineSolid choice for cost-conscious traders who are familiar with online investing... Read full reviewGood choice for ETF and mutual fund investors interested in Vanguard-sponsored investments... Read full review

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Scottrade: TD Ameritrade has acquired Scottrade. Scottrade accounts will convert to TD Ameritrade on 2/26/2018. Pricing information from published website as of 03/27/2017

Vanguard: Pricing information from published websites as of 07/20/2019.

Which is Better: Scottrade or Vanguard?

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 stock trading is noteworthy.


Articles on Scottrade


Articles on Vanguard


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