Etrade vs TD Ameritrade vs Scottrade vs Fidelity

Compare TD Ameritrade vs Scottrade vs Etrade vs Fidelity

Compare trading and investing fees, IRA (Traditional, ROTH, SEP) accounts, stock/mutual fund/ETF pricing, and brokerage service differences.

TD Ameritrade vs Etrade vs Scottrade vs Fidelity: 2015 Comparison Chart

Broker Stocks/ETFs
Mutual Funds
IRA Setup
and Annual Fees
Scottrade $7 $17 $7 + $1.25 per contract $0 $0
TD Ameritrade $9.99 $49.95 $9.99 + $0.75 per contract $0 $0
Etrade $9.99 $19.99 $9.99 + $0.75 per contract $0 $0
Fidelity $7.95 $49.95 ($75 for some funds) $7.95 + $0.75 per contract $0 $0

Broker Investment Products Trading Tools Customer Service Research Overall Rating
TD Ameritrade

TD Ameritrade vs Etrade vs Scottrade vs Fidelity: Pricing

We will begin this online broker comparison with the most important factor for most investors: commissions and fees. Scottrade offers the lowest pricing among these brokerages: $7 flat rate for stock and ETF trades. Fidelity Investments is the second least expensive brokerage with $8 per trade. Etrade and TD Ameritrade charge the same $10 per trade rate.

Scottrade provides its clients with access to over 2,600 no-transaction fee (also known as NTF, commission-free), no-load mutual funds. Fidelity Investments offers 1,400, Etrade - 1,300 and TD Ameritrade - 2,500 NTF mutual funds.

Scottrade has the best price for no-load, transaction-fee mutual funds - $17 per transaction. Fidelity Investments charges $49.95 ($75 for some funds), TD Ameritrade - $50, and Etrade - $20 for the same mutual fund transactions.

All four firms in this review do not charge account maintenance and inactivity fees. They also don't have fees for setting up and maintaining an IRA account (this is also known as annual fee). There are no charges for streaming quotes and trading platforms.


Fidelity Investments and TD Ameritrade offer the best independent third-party research amenities from 12 firms, such as Standard & Poor's, Morningstar, Jaywalk, and The Street. Their competitors in this review also provide highly rated research services that will please the majority of investors.

Scottrade is the best when comparing customer service. Fidelity Investments also got very high rating in this category.

All four discount brokerages offer powerful trading tools that will satisfy most clients. They all provide professional trading platforms that very active stock and options traders use on the daily basis.

Because Scottrade created very easy to use trading screens, offers lots of education materials, and provides excellent customer service as well as largest network of local offices, we believe it's one of the Best brokers for beginners.


Thanks to much lower commissions and fees, which could save clients a lot of money over the years in investment costs, we strongly recommend Scottrade to most customers, especially to those new to investing, for individual retirement accounts (Traditional, ROTH, and SEP), and for do-it-yourself investors.

Top-notch trading software, free Level II quotes, and free virtual trading, earns TD Ameritrade a recommendation for active traders as well as for forex, futures, and penny stock trading.

Fidelity Investments is suggested for customers wanting to invest mostly in Fidelity's own family of mutual funds and ETFs.

Etrade is our pick for bonds, fixed income investing.

Much more information about each company is available in detailed brokerage reviews, including firms' pros and cons, all commissions and important fees, trading tools overview, and promotional offers:

TD Ameritrade (TD Ameritrade Review),

Scottrade (Scottrade Review),

Etrade (Etrade Review),

Fidelity Investments (Fidelity Review).


TD Ameritrade: Trade free for 60 days + get up to $600.

Scottrade: Get up to $2000 when you open new account or add funds to existing account.

Etrade: None

Fidelity Investments: None

Updated on 8/6/2015.

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