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
Commissions
Mutual Funds
Commissions
Options
Commissions
Maintenance
Fees
IRA Setup
and Annual Fees
Etrade $7.99-$9.99 $19.99 $9.99 + $0.75 per contract $0 $0
TD Ameritrade $9.99 $49.95 $9.99 + $0.75 per contract $0 $0
Scottrade $7 $17 $7 + $1.25 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
Etrade
TD Ameritrade
Scottrade
Fidelity


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 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 - more than enough for all customers.

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.


Services

In 2015 Barron’s magazine rated TD Ameritrade #1 for Beginner Investors, #1 for Long Term Investing, and gave it top scores in the Mobile Trading, Range of Offerings, Research Amenities, Customer Service and Education categories. Kiplinger's Personal Finance magazine ranked it #1 for IRA accounts. SmartMoney magazine gave it a 5-star rating (the highest available) for Banking Services, Trading Tools and Research.

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.

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

Because TD Ameritrade created very easy to use trading screens, offers lots of education materials, and provides excellent customer service, we rated it one of the Best brokers for beginners.


Recommendations

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. The firm will also work great for beginner investors, "buy-and-hold", long-term investors, and for IRA accounts.

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.

Scottrade is recommended for mutual funds investors.

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:

E*trade (E*trade Review),

TD Ameritrade (TD Ameritrade Review),

Scottrade (Scottrade Review),

Fidelity Investments (Fidelity Review).



Promotions

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

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.

Fidelity Investments: None


This article was updated on 3/2/2015.



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