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Charles Schwab vs TD Ameritrade

Charles Schwab is a good choice for beginning and advanced investors looking to invest in ETFs and mutual funds or investors that require extensive research. How does it compare to TD Ameritrade? Read our comparison chart below.

Charles Schwab offers stock and ETF trades at $0 commission and options trading at $0 commission + $0.65 per contract. There is no minimum deposit, no maintenance fee, and no inactivity fee.

While TD Ameritrade offers $0 commission online stock, ETF, and option trades. This online broker also has more than 100 branch locations. There is no minimum deposit, no maintenance fee, and no inactivity fee.

Compare Charles Schwab with TD Ameritrade, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

 

Charles Schwab

TD Ameritrade

SPECIAL OFFER
$0 Commissions on Online Stock, ETF, and Options Trades - Learn More

Read Charles Schwab Review

OFFER
Commission-Free Trading - Online Stock, ETF and Option Trades - Learn More

Read TD Ameritrade Review

 

Benefits and Features

Stock Trading$0 commission on U.S. stocks and ETFs$0 commission for online stock, ETF, and option trades
Options Trading
$0 + $0.65 per contract
$0.65 per contract
Minimum Deposit
$0
$0
Mutual Fund Trading$0 for no-transaction-fee funds $49.95 for all other fundsUp to $49.95 or $74.95 for buys. $0 for sells
Commission Free ETFs2,000+ across asset classes and fund companies, $0 commission through Schwab ETF OneSourceā„¢.
550+ Commission-Free ETFs
Penny Stocks 
Check
Broker Assisted Trades
$25.00 service charge
$25
Customer Service
24/7
(800) 669-3900 (Open 24/7)
Inactivity Fee
None
$0
Maintenance Fee
$0
$0
Banking
Yes
Cash Management account offers free ATM withdrawals, no monthly maintenance fees, free online bill pay, and free check writing.
Mobile App
Yes
Check
Desktop App
Yes
Thinkorswim
Forex Trading 
Check
Futures Trading
$2.25 per contract
$2.25 per contract (plus exchange & regulatory fees)
Locations
300 locations
More than 100 locations in 34 states
Online Community
Yes
 
Seminars
Yes
Online webcast
Virtual Trading
No
Paper Trading to practice/test strategies and ideas.
 

CreditDonkey® Reviews

Stock TradingStarStarStarStarHalf StarStarStarStarHalf StarEmpty Star
Options TradingStarStarStarHalf StarEmpty StarStarStarStarStarEmpty Star
Mutual Fund TradingStarStarStarStarEmpty Star
Online PlatformStarStarStarStarStar
BankingStarStarStarStarStarStarStarStarStarEmpty Star
Mobile AppStarStarStarHalf StarEmpty StarStarStarStarStarStar
Commissions and FeesStarStarStarEmpty StarEmpty StarStarStarStarHalf StarEmpty Star
Ease of UseStarStarStarStarEmpty StarStarStarStarStarStar
ResearchStarStarStarStarStarStarStarStarStarStar
Online CommunityStarStarStarEmpty StarEmpty Star
Trading PlatformStarStarStarStarStar
Pros & ConsPros:
  • Vast selection of commission-free ETFs and mutual funds
  • 2 platforms (one for beginners and one for advanced traders)
  • 24/7 customer service including online chat
Cons:
  • Commission costs on mutual funds outside of the commission-free funds
  • Robo-advisor option requires a minimum investment of $5,000
Pros:
  • Easy to Use
  • Thinkorswim Platform
  • Customer Service
Cons:
  • Trade Fees
Bottom LineGood choice for beginning and advanced investors looking to invest in ETFs and mutual funds or investors that require extensive research... Read full reviewGood online broker for long-term investors... Read full review

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

Charles Schwab: Pricing information from published websites as of 11/14/2021.

TD Ameritrade: Pricing information from published website as of 07/18/2019.

Which is Better: Charles Schwab or TD Ameritrade?

Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing Charles Schwab or Ally Invest.

In short: Charles Schwab's stock trading and banking are notable. In particular, the banking is excellent. TD Ameritrade's mobile app and ease of use are impressive.


Articles on Charles Schwab

Charles Schwab Review

Charles Schwab is one of the oldest names in the world of investing. With low fees, no account minimums, and robust research tools, it's a good brokerage for all levels of investors.

Articles on TD Ameritrade

TD Ameritrade Review

TD Ameritrade fees are higher than competitors, but is it worth it? We say yes and here's why. We analyze and compare it for you in our in-depth review.

TD Ameritrade Customer Service

TD Ameritrade offers 24/7 customer service - both online and on the phone. But the best way to actually contact TD Ameritrade may surprise you. Read on.

Which Do You Think is Best?


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About CreditDonkey
CreditDonkey is a personal finance comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

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