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Full Comparison of All Brokers

Get more when you get invested with Scottrade. Our trades are easy, affordable and executed fast. There are no inactivity fees or account maintenance fees. Customers gain access to a huge variety of stock market research and trading tools to potentially assist any investment strategy. Scottrade will even refund up to $100 in transfer fees charged by other brokers†. And we offer exceptional one-on-one support online, over the phone and in our network of 500+ branch offices. See for yourself how we stack up against our competitors.

Comparison Results: Fri Jun 22 2012 13:03:24 EDT-0400 (Eastern Daylight Time)

  • Pricing - Online Trades
    Scottrade $7*
    E*Trade $7.99 - $9.99
    TD Ameritrade $9.99
    Charles Schwab $8.95
    Fidelity $7.95
  • Minimum Initial Deposit
    Scottrade $500
    E*Trade $500
    TD Ameritrade $0 ($2,000 for Margin/Options)***
    Charles Schwab $1,000****
    Fidelity $2,500**
  • Account Maintenance Fees
    Scottrade $0
    E*Trade $0
    TD Ameritrade $0
    Charles Schwab $0
    Fidelity $0 but $25 year for SIMPLE IRA
  • Account Closing & Transfer Fees
    Scottrade $0
    E*Trade $25 Partial $60 Full
    TD Ameritrade $25 Partial $75 Full
    Charles Schwab $25 Partial $50 Full
    Fidelity $0 but $50 (for IRA)
  • Pricing - Options
    Scottrade $7 + $1.25 per contract
    E*Trade $7.99 - 9.99 + $0.75 per contract
    TD Ameritrade $9.99 + $0.75 per contract
    Charles Schwab $8.95 + $0.75 per contract
    Fidelity $7.95 + $0.75 per contract
  • Real-Time Streaming Quotes
    Scottrade $0
    E*Trade $0
    TD Ameritrade $0
    Charles Schwab n/a - $0 available to active traders = 120 trades per year via StreetSmart Edge
    Fidelity n/a - $0 available to active traders = 120 trades per year via Active Trader Pro
  • FDIC Insurance Coverage
    Scottrade $1,000,000
    E*Trade $1,250,000
    TD Ameritrade $500,000
    Charles Schwab $250,000
    Fidelity $250,000
  • Number of Mutual Funds
    Scottrade 14,500+
    E*Trade 7,600+ (1,100 No Load, No Fee, Mutual Funds)
    TD Ameritrade 13,000+
    Charles Schwab 14,500+
    Fidelity 4,600+
  • Number of Branch Offices Nationwide
    Scottrade 505
    E*Trade 28
    TD Ameritrade 126
    Charles Schwab 300+
    Fidelity 130

Prices for competitors were obtained on July 26, 2011 and are believed to be accurate, but not guaranteed. Some of the firms listed above may reduce or waive commissions or fees, depending on account activity or total account value. Mutual fund information is believed to be accurate as of the acquisition date – July 26, 2011.

* Online market and limit equity orders are just $7 for stocks priced $1 and above. For stocks priced under $1, add 1/2% of the principal value to the commissions shown. Some foreign and pink sheet stocks must be traded with broker assistance for a $27 commission. Commissions are charged on a per order basis. Limit orders executed over multiple days and orders modified after a partial execution on the same day will be treated as separate orders for commission calculation purposes. The quarterly account maintenance fees imposed by other brokers may be waived if your account meets minimum balance and/or trading requirements.

** The Fidelity Account ®

*** The minimum initial deposit may change based on the account type, or it may be modified by special promotional offers. A $2,000 minimum deposit is required to be considered for a margin account or options privileges.

**** $1000 minimum can be waived when customers agree to transfer $100 monthly to their Charles Schwab brokerage account using Schwab MoneyLink.



Terms & Conditions

† Scottrade will reimburse the account transfer fees up to $100 charged by another broker when you transfer your account with a value of $10,000 or more to Scottrade. You must apply for the fee reimbursement offer by completing and submitting a Scottrade Account Transfer Reimbursement Request form and a statement providing proof of imposed transfer fees. Account Transfer Reimbursement Request forms and proof of transfer fees can be mailed, faxed or personally delivered to your local Scottrade branch office. Reimbursement will be made to your account via a credit within 30 days of receipt of the Account Transfer Reimbursement Request form and proof of transfer fees. The transfer reimbursement does not currently have a termination date. However, Scottrade reserves the right to terminate this offer at any time without prior notice or extend the offer at its sole discretion. Void where prohibited.

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