Scottrade Online Brokers Comparison



Scottrade

Charles Schwab

TD Ameritrade

E*Trade

Fidelity
Branch Offices Nationwide 375 303 103 28 118
NYSE, AMEX, NASDAQ & OTC 
Market & Limit Orders
$7* 
unlimited
shares
$12.95 
+ $0.015/share over 1,000 shares
$9.99 
unlimited shares
$12.99  $19.95 + $0.015/share over 1,000 shares 
Options 
(Equity/Index)
Market Orders
$7 + $1.25 
per contract
$8.95 + $0.75 
per contract
$9.99 + $0.75 
per contract
$12.99 + $0.75 
per contract
$19.95 + $0.75 
per contract

Broker-Assisted Orders
$27 
unlimited 
shares
$25.00 
+ online commission
$44.99 $45.00 
+ online commission
$55.00 
+ $0.14 per share
over 100 shares
Real-Time Dow Jones 
News for Investors
ComplimentaryComplimentary 
for active 
traders
$29.99
Monthly
$29.95 MonthlyNot Available
Quarterly/Annual Account Maintenance Fee $0/$0 $0/$0 $0/$0 $40/$160  $0/$0
Minimum to Open Account $500 $1,000  $2,000 
($1,000 
for IRA)
$1,000 $2,500
Margin Interest Rate On $7,500 Debit Balance 8.25% 8.50% 9.25% 7.24% 8.825%
Buy 10,000 Shares at $20 Limit $7 $147.95 $9.99 $9.99 $145.95
Broker-Assisted Order for 5,000 Shares at $60 Limit $27 $97.95 $44.99 $54.99 $247.50
No-Transaction Fee Mutual Funds 1,150+ 2,000+ 1,300+ 1,000+ 1,400+
Buy 5,000 of Vanguard Fund $17 $49.95 $49.99 $19.99 $75.00
Account Closing & Transfer Out Fee $0 $50 $75 $60$0 ($50 for IRA)

Source: http://www.scottrade.com/online_broker_comparison/discount_brokerage_comparison.asp

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