Scottrade vs Freetrade

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

Scottrade is a Business & Commerce solution with tags like stocks, etfs, mutual-funds, bonds, options, trading, investing.

It boasts features such as 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 pros including Low trading commissions, User-friendly trading platforms, Good customer service, Wide range of tradable securities, Educational resources for new investors.

On the other hand, Freetrade is a Finance product tagged with stock-trading, zero-commission, us-stocks, etfs, mobile-investing.

Its standout features include 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 it shines with pros like No trading commissions, Easy to use interface, Access to US stocks and ETFs, Fractional share trading available, Good 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.

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


Freetrade

Freetrade

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.

Categories:
stock-trading zero-commission us-stocks etfs mobile-investing

Freetrade Features

  1. Commission-free stock, ETF and fractional share trading
  2. Access to UK, US and European markets
  3. Intuitive mobile app interface
  4. Beginner-friendly
  5. ISA and SIPP accounts available

Pricing

  • Freemium

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