Schwab vs Scottrade

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

Schwab is a Business & Commerce solution with tags like investing, trading, stocks, etfs, options, mutual-funds, fixed-income.

It boasts features such as Online trading platform, Wide range of investment options (stocks, ETFs, options, mutual funds, fixed income), Research and analytical tools, Retirement planning and management, Automated investing services, Mobile app for on-the-go trading and pros including Extensive investment options and research tools, Low fees and commissions, User-friendly trading platform, Robust mobile app, Retirement planning and management features.

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.

To help you make an informed decision, we've compiled a comprehensive comparison of these two products, delving into their features, pros, cons, pricing, and more. Get ready to explore the nuances that set them apart and determine which one is the perfect fit for your requirements.

Schwab

Schwab

Schwab is an online brokerage firm that provides a trading platform and investing services for individual investors. It allows customers to trade stocks, ETFs, options, mutual funds, and fixed income securities.

Categories:
investing trading stocks etfs options mutual-funds fixed-income

Schwab Features

  1. Online trading platform
  2. Wide range of investment options (stocks, ETFs, options, mutual funds, fixed income)
  3. Research and analytical tools
  4. Retirement planning and management
  5. Automated investing services
  6. Mobile app for on-the-go trading

Pricing

  • Subscription-Based

Pros

Extensive investment options and research tools

Low fees and commissions

User-friendly trading platform

Robust mobile app

Retirement planning and management features

Cons

Limited customization options for the trading platform

Limited access to advanced trading features for basic accounts

Steep learning curve for new investors


Scottrade

Scottrade

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.

Categories:
stocks etfs mutual-funds bonds options trading investing

Scottrade Features

  1. Online trading platform
  2. Low trading commissions
  3. Access to stocks, ETFs, mutual funds, bonds, options
  4. Research tools and market data
  5. Mobile and desktop apps
  6. Banking services like checking accounts

Pricing

  • Subscription-Based
  • Pay-As-You-Go

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