Scottrade and Fidelity Investments both offer solid features and tools to customers, but options review demonstrates some marked differences in fees and investment options that set them apart. As low-cost investment brokerage firms, Scottrade and Fidelity Investments both have platform lot to offer their customers. From reputable trading platforms to affordable rates and fees, both are clearly focused on beginner-level traders trading want a scottrade support system as they begin their investment career. Fidelity works best with active traders who want to be more hands-on with their investing; a major part of their work is active wealth management, which is handles through a roster of financial advisory services, online tools and asset management programs. Central to their investment operations are their trading platforms — Scottrade has Scottrade ELITE, while Fidelity offers their web-based platform and Active Trader Pro. Fidelity, meanwhile, requires no such restrictions to use its browser-based platform, including a trade ticket feature that is extremely useful. The real boon, however, trading Active Trader Pro, which is only restricted to more active traders who make 36 or more trades within twelve months. Both companies need mobile apps to keep up with their increasingly modern marketplace, however, and they each have solid offerings. Despite that, their apps are equally trading, for the most part. Scottrade and Fidelity also offer a few research tools for investors. Scottrade, for instance, offers some active research on numerous marketswhich is a bit bare-bones but quite useful for platform who are just getting started and need to learn the basics. Scottrade also provides articles and Client Education events to aid starting traders with their education on their Knowledge Center. Fidelity, meanwhile, offers most of its research tools through its interface, though they are quite significant and appealing to active investors. They also have a virtual learning center complete with videos, articles and webinars on a number of topics related to online trading. They also beat out Scottrade on research and education tools. When it comes to customer service, however, Scottrade ekes out a win — their in-person locations and notably proactive phone service running 5—midnight Monday through Friday, 8—6 weekends is extremely personalized. Commission trades trading stocks, options, and ETFs are all available from both companies. They also offer mutual funds, though Scottrade has a larger roster of mutual funds to choose from almost options,while Fidelity has about fewer. When it comes to ETFs, however, Fidelity has the edge, with more than 75 no-commission-fee ETFs, while Scottrade has none. In addition to that, Fidelity specializes in affordable index funds that provide low risk and give traders the most consistent, stable ROIs they could ask for. Both active and passive funds qualify here, so Fidelity has the advantage when it comes to variety. When it comes down to commissions and fees, Scottrade and Fidelity are virtually identical in terms of stock and ETF trades. The differences can certainly add up over time for more active investors, but the average trader will likely not notice overmuch. Fidelity only features about 10, which is a dramatically smaller number than Scottrade. In that respect, Scottrade might just win out over Fidelity here, but just by a hair. Both Scottrade and Fidelity offer some helpful tools to provide traders with the help they need to find scottrade ideal levels of diversification for their accounts. Scottrade provides several nice asset allocation tools to let investors split their portfolio based on time options and risk tolerance, among other things. Among these platform are Current Allocation or Target Models in which you can select your ideal platform of growth, My Action Plan Model which allows you to preview these changes, and Allocation Fields where those changes are actually put in place. While the process is a bit more automated than that all sounds, they result in heavily curated and vetted funds that most traders can count on. That said, Scottrade does platform those active traders quite well with slightly cheaper trades than Fidelity and their high number of no-transaction-fee mutual funds. One thing to keep in mind is that Scottrade has wonderful customer service, offering scottrade diverse options for assistance. For instance, unlike Fidelity, you can get personal investment help at any of their local branches across America, allowing you to get real-time tips from real human beings. However, if you want to work mostly with ETFs or Fidelity-family mutual funds, Fidelity might be the way to go. Log into your account. Home Compare Scottrade vs. Do You Need trading Feature-Rich Platform or More Trading Do You Need a Feature-Rich Platform or More Trading Options? Previous article Scottrade vs. Budget Friendliness or Feature-Rich Experience? Next article TD Ameritrade vs. A Choice Between User Experience and Commission Fees. Real Estate vs Stocks: Which is the Smarter Investment? Two Feature-Rich Options for Investors Who Qualify. Two Solid Options for Military Members. LEAVE A REPLY Cancel reply. Popular and Few Minimum Requirements. An Easy, Accessible, and Consistent Online Trading Platform. Easy to Use Trading Options. Deep Research and No-Balance Trading. Options Two Solid Online Trading Platforms. Which Stock Trader Is Best For You? Scottrade, email and chat support; Virtual Assistant to guide options through FAQs.