Freetrade vs Scottrade

Struggling to choose between Freetrade and Scottrade? Both products offer unique advantages, making it a tough decision.

Freetrade is a Finance solution with tags like stock-trading, zero-commission, us-stocks, etfs, mobile-investing.

It boasts features such as Commission-free stock, ETF and fractional share trading, Access to UK, US and European markets, Intuitive mobile app interface, Beginner-friendly, ISA and SIPP accounts available and pros including No trading commissions, Easy to use interface, Access to US stocks and ETFs, Fractional share trading available, Good for new investors.

On the other hand, Scottrade is a Business & Commerce product tagged with stocks, etfs, mutual-funds, bonds, options, trading, investing.

Its standout features include Online trading platform, Low trading commissions, Access to stocks, ETFs, mutual funds, bonds, options, Research tools and market data, Mobile and desktop apps, Banking services like checking accounts, and it shines with pros like Low trading commissions, User-friendly trading platforms, Good customer service, Wide range of tradable securities, Educational resources for new investors.

Feature	Freetrade	Scottrade
Overall Score	N/A	N/A
Primary Category	Finance	Business & Commerce

Product Overview

Freetrade

Description: Freetrade is a UK stock trading app launched in 2018 that offers zero-commission trades and easy access to US stocks and ETFs. It has a simple, user-friendly interface aimed at new investors.

Scottrade

Description: Scottrade is an online brokerage firm that provides a platform for self-directed investing. It allows users to trade stocks, ETFs, mutual funds, bonds, and options with low trading fees.

Key Features Comparison

Freetrade Features

• Commission-free stock, ETF and fractional share trading
• Access to UK, US and European markets
• Intuitive mobile app interface
• Beginner-friendly
• ISA and SIPP accounts available

Scottrade Features

• Online trading platform
• Low trading commissions
• Access to stocks, ETFs, mutual funds, bonds, options
• Research tools and market data
• Mobile and desktop apps
• Banking services like checking accounts

Pros & Cons Analysis

Freetrade

Pros

• No trading commissions
• Easy to use interface
• Access to US stocks and ETFs
• Fractional share trading available
• Good for new investors

Cons

• Limited research and analysis features
• Only available on mobile
• Limited selection of assets
• No advanced trading options
• Slow customer support

Scottrade

Pros

• Low trading commissions
• User-friendly trading platforms
• Good customer service
• Wide range of tradable securities
• Educational resources for new investors

Cons

• Limited international trading
• Less research tools than some competitors
• Website can be slow during high trading volume
• No futures, forex, or crypto trading

Pricing Comparison

Freetrade

• Freemium

Scottrade

• Subscription-Based
• Pay-As-You-Go