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, brokerage service differences



TD Ameritrade vs Etrade vs Scottrade vs Fidelity: 2014 Comparison Chart


Broker Commissions Investment Products Trading Tools Customer Service Research
Scottrade $7
Etrade $9.99
TD Ameritrade $9.99
Fidelity $7.95


TD Ameritrade vs Etrade vs Scottrade vs Fidelity: Pricing


We will begin this stock broker comparison with the most important factor for most investors: commissions and fees. Scottrade offers the lowest pricing among these online brokerages: $7 flat 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 3,000 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 $75, 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 custodial or annual fee). There are no charges for streaming quotes and trading platforms.


Services

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, and, according J.D. Power and Associates, it has the highest customer satisfaction score among brokerage firms. Fidelity Investments also got very high rating in this category.

All four discount brokerages offer powerful trading tools that will satisfy most clients. The all provide professional trading platforms that very active stock and options traders require.

Because Scottrade created very easy to use trading screens, offers access to a helpful online investor community, and provides excellent customer service, we believe it's one of the Best brokers for beginners.


Recommendations

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, 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 bond investing, long-term investors and for IRA account holders.

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:

Scottrade (Scottrade Review),

E*trade (E*trade Review),

TD Ameritrade (TD Ameritrade Review),

Fidelity Investments (Fidelity Review).



Promotions

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

Scottrade: $100 in Transfer Fees Refunded. No set-up fees. No Annual Fees.

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

Fidelity Investments: none right now.



This article was updated on 2/12/2014.



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