Scottrade Vs ETrade
Before you start trading in online brokers, make sure you choose the right online brokers for you. See how we will compare two large online brokers: Scottrade vs. ETrade.
Scottrade vs. Etrade is the competition of the two most major online brokerage businesses. Each company has millions of customers. That is why most investors make both companies as their first choice when they want to create a new brokerage account. It is important to compare each one by one. Details about the two brokers can be learned below.
Regarding the cost of two online brokers is arguably comparable, i.e., Stock Trade Fee equals $ 6.95, but Scottrade is superior in options trading arena with option per contract fee of $ 0.70 smaller than ETrade’s $ 0.75.
There is a difference of $ 2.99 on the per-share trading price for ETrade and Scottrade. Scottrade per trade per share price of $ 7.00 is slightly less than ETrade’s share price per share of $ 9.99. Scottrade ($ 17.00) has a minimum commission on trading in mutual funds when compared to ETrade ($ 19.99).
Regarding trading, ETrade is superior because have Forex Trading, Futures Trading and have an online community that is not owned by Scottrade. Scottrade excels because it has Virtual Trading, although limited only to Scottrade Elite and also customer service that has many branches compared with ETrade.
The cost of the Scottrade hospitality extends to account fees; There are no inactive service charges or annual fees. Other free items include branch appointments, portfolio review services and real-time streaming quotes and non-professional graphics.
ETrade has an edge, though – if you’re someone who is very concerned with the functionality and lightning of a mobile app or trading platform, ETrade is probably the better choice.
For active traders, E-Trade is the right thing. The tools that generate ideas offered by platforms such as Strategy Scanner, professional-level screener, back testing, and customizable charting.