E*TRADE vs. Scottrade: Which Broker Saves You More in 2024?

E*TRADE and Scottrade are online brokers that let you buy and sell stocks, ETFs, and funds. E*TRADE is the surviving, modern platform; Scottrade was acquired by TD Ameritrade in 2017 and fully sunset in 2020.

People still Google “Scottrade” because old statements, login bookmarks, or forum posts mention it. Confusion peaks when investors look for fees on an account they haven’t touched since 2015.

Key Differences

E*TRADE charges $0 stock trades, $6.95 per options contract, and offers 2% margin rates. Scottrade no longer exists; legacy accounts were migrated to TD Ameritrade and now to Charles Schwab.

Which One Should You Choose?

Choose E*TRADE if you want an active, supported platform. If you’re a former Scottrade client, open a fresh E*TRADE or Schwab account to avoid service gaps and access 2024 pricing.

Can I still log in to Scottrade?

No. All logins redirect to Schwab; open a new account there or elsewhere.

Does E*TRADE reimburse transfer fees?

Yes, up to $150 when you move $5,000 or more.

Are Scottrade fees gone for good?

Yes. Scottrade pricing ended in 2020; only Schwab or E*TRADE rates apply now.

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