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E-Trade vs. Scottrade: Which is Best For You?

March 15, 2017
Brokers, Investing, Investing Strategy
Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own.

E-Trade and Scottrade were once the names you thought of when you thought about online trading. Scottrade has since been absorbed by TD Ameritrade, so here’s a quick look at how these two brokers stack up.

E*TRADE at a glance

Account minimum

$0
Stock trading costs

$0
Options trades

No base commission; $0.65 per contract (volume discount available)
Account fees (annual, transfer, closing, inactivity)

No annual or inactivity fee. $75 full transfer out fee; $25 partial
Number of commission-free ETFs

All ETFs trade commission-free.
Number of no-transaction-fee mutual funds

Over 4,400
Tradable securities

• Stocks.
• Bonds.
• Mutual funds.
• ETFs.
• Options.
• Futures.
Trading platform

Three platforms available for free to all customers:
• E-Trade Web.
• Power E-Trade.
• E-Trade Pro.
Mobile app

Two high-performing apps: • E*TRADE Mobile. • Power E*TRADE. Available on iOS and Android.
Research and data

Free and extensive, with over eight providers available at no cost.
Customer support options (includes website transparency)

Phone, email and chat support 24/7; 30 local branches
Promotion
None.

TD Ameritrade at a glance

Account minimum

$0
Stock trading costs

$0
Options trades

No base commission; $0.65 per contract.
Account fees (annual, transfer, closing, inactivity)

No annual or inactivity fee. $75 full transfer; $0 partial transfer.
Commission-free ETFs

All ETFs trade commission-free.
Number of no-transaction-fee mutual funds

More than 4,100.
Tradable securities

• Stocks.
• Bonds.
• Mutual funds.
• ETFs.
• Options.
• Futures.
• Forex.
• Foreign ADRs.
• IPOs for qualified accounts.
Trading platform

Two platforms: TD Ameritrade web and thinkorswim (desktop).
Mobile app

TD Ameritrade mobile web, TD Ameritrade Mobile (iOS only), TDA Mobile Trader (companion to thinkorswim platform).
Research and data

Free and extensive.
Customer support options (includes website transparency)

Phone support 24/7; technical phone support Monday - Friday, 7 a.m. to 6 p.m. Eastern. 364 local branches. Support also available via text, Facebook Messenger, Twitter direct message, Apple Business Chat and Amazon Alexa.
Promotion
None.

For more about each, see our E-Trade review and our TD Ameritrade review.

For a look at the wider landscape, check out our roundup of the best online brokers.