No-Load International Mutual Funds: Scottrade vs. E-Trade

Scottrade is a private discount retail brokerage firm popular for its online trading features, low commissions, and commercials that feature its founder and president, Rodger O. Riney. The company enables investors to safely and easily place online trades. The company website, Scottrade.com, features research and analysis of the current stock market scenario, a comprehensive range of products and financial services such as stocks, IRAs, bonds, CDs, and a web trading platform assists members to smoothly execute online trading. This further helps the customer to make timely trades that corresponds to the daily stock investment strategy.

Investors are also provided the stock trading tools and services to meet their investing requirements. Scottrade also offers premium service and deeply discounted commissions to investors of all trading styles, thus enhancing the trading experience.

The website is easy and comfortable to navigate with more sophisticated stock trading features. Customers can smoothly manage their accounts, trade, find stock research and get quotes through the website. Moreover, customers have incredible access to live streaming quotes, news, top ten lists and interactive charts. Some of the other tools include personal stock lists and quick quotes, which help customers to track individual stocks and make timely trades during online investment.

A unique feature of the website is the ScottradeELITE, an advanced trading platform created exclusively for active traders. ScottradeELITE could be accessed directly from the trader's desktop. It provides complimentary Dow Jones News, Comtex News, advanced charting capabilities, technical analysis and integrated Level II Quotes. In addition, ScottradeELITE offers TotalView, which helps traders get an in-depth view of every bid and ask for every market participant, enabling them to make more effective trading decisions. ScottradeELITE is free for those who qualify. However, in order to download ScottradeELITE, customers have to maintain a minimum account value of $25,000.

Another strong competitor to hit the bandwagon of online discount stock brokerage firms is E-trade. E-TRADE Financial Corporation is a renowned financial services company that focuses on online discount stock brokerage catering to self-directed investors. The firm charges a smaller fee on each trade than a full-service broker.

Through E-trade's website, Etrade.com, investors can buy and sell securities for their future benefit stocks, bonds, options, mutual funds, and exchange-traded funds. The website also provides various banking and lending products such as checking and savings accounts, money market accounts, certificates of deposit, credit cards, and mortgages. In addition, the website is a storehouse of information on retirement funds, investment advice, turnkey retirement plans, low mortgage and home equity rates, traditional and ROTH IRAs, and numerous other investment options.

Nayanathara. S

Hi-Tech Editorial Division