Investment is a guarantee of the future that should be owned by everyone. There are many types of investments that we can make as alternatives, such as savings, deposits, land, and stock. Stock investment is a medium to long term investment. Stock is a liquid investment aka easy to trade, so it can provide a decent profit. If you are interested in stock investing, the following will review the comparison of two stock companies that are scottrade vs etrade that you can make reference to invest your funds.
Scottrade is one of the oldest online brokers in the stock trading industry. Founded in 1980 in Scottsdale, Arizona, has since become one of the most popular online stock trading and service-branch services in the United States. There is no monthly or maintenance fee on the Scottrade account, which is a notable perk. Unlike other online brokers, Scottrade requires $ 2,500 as an initial deposit to start trading. Most online brokers have a minimum initial deposit of under $ 1,000, or no minimum at all. For anyone planning on investing over $2,500 anyway, though, Scottrade is still a smart option. It has hundreds of brick-and-mortar stores across the country (the most of any online brokerage) that provide a high level of quality customer service and a deep knowledge base. The Scottrade online trading platform also offers comprehensive, easy-to-use functionality for both advanced traders and beginners. Affordable online banking products, such as IRA accounts and mutual funds are available through Scottrade as well.
E-Trade is one of the best-known online brokers, and not just because of its full-court-press advertising and marketing practices. Notable features include its cleanly designed and easy-to-navigate trading platforms — browser, desktop and mobile — its library of educational resources and its tools to help investors assemble a risk-appropriate, balanced portfolio. Although E-Trade’s commissions aren’t particularly noteworthy compared with those at other discount brokerage firms, frequent traders will appreciate the tiered commission structure, and buy-and-hold investors shouldn’t be too turned off by it. E-Trade has two main trading platforms, E-trade Web and E-Trade Pro, plus a mobile app. E-Trade’s web platform offers free streaming market data, free real-time quotes, live market commentary, analyst research stock screeners and more. From the dashboard, you can track your accounts, create watch lists, view streaming market data and make trades, even complex option strategies.
|- Scottrade is one of the oldest online brokers in the stock trading industry.||- E-Trade is one of the best-known online brokers|
|- Become one of the most popular online stock trading and service-branch services in the United States||- Features include its cleanly designed and easy-to-navigate trading platforms — browser, desktop and mobile |
|- There is no monthly or maintenance fee on the Scottrade account||- E-Trade has two main trading platforms, E-trade Web and E-Trade Pro, plus a mobile app|
The companies above have good name and reputation since a long time ago, both can be a trusted place for you. Overall, E-Trade is the best solution for you, since the initial amount you have to deposit is lower than Scottrade so you don’t need a lot of money to start a stock business. Also E-Trade’s give trading tools that are a bit more advanced than Scottrade. Well, give your choice to E-Trade.