Scottrade vs TD Ameritrade vs Etrade

Scottrade vs TD Ameritrade vs Etrade

TD Ameritrade vs Scottrade vs Etrade: Comparison Chart 2012
Broker Commissions Investment Products Trading Tools Customer Service Research
Scottrade Review $7
Ameritrade Review $9.99
Etrade Review $9.99

TD Ameritrade vs Scottrade vs Etrade: Brokers Review


We start our broker comparison with the most important factor for most investors - investing costs. Scottrade is easily the best priced company among these online brokers, offering flat-rate $7 commission for stock and ETF trades. Etrade and TD Ameritrade charge the same, very high $9.99 per trade rate.

Scottrade provides its clients with access to over 2,800 free mutual funds and has the best price for not-free mutual funds: $17 per transaction. TD Ameritrade and Etrade are charging $50 for the mutual funds transactions.

All three brokerage firms in this review don't have maintenance and inactivity fees, surcharges on extended hours trading, penny stocks, large size orders and provide very good research services that will be more than enough for most investors.

Scottrade is at the first spot when comparing customer service. TD Ameritrade also got very high rating in this category. All discount brokerages in this comparison offer powerful trading tools that will be well suited to most investors. TD Ameritrade bought one of the best online brokers - ThinkorSwim and it benefits a lot from this acquisition. Because of ThinkorSwim's excellent trading technology, TD Ameritrade is the only company here suited for active traders.

Since Scottrade created very easy to use trading screens and provides very helpful customer service, we believe it's one of the best brokers for beginner investors.


TD Ameritrade vs Scottrade vs Etrade: Summary


Because of much lower trading commissions, we recommend Scottrade over TD Ameritrade and Etrade. Make sure to read full, detailed reviews (containing brokerage promotional offers) for Scottrade (Scottrade Review), TD Ameritrade (Ameritrade Review), Etrade (Etrade Review) before making final decision.


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