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Charles Schwab vs Vanguard

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 Vanguard? 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 Vanguard offers $0 commission on stock and ETF online trades, $0 commission on Vanguard mutual funds, and no minimum deposit.

Compare Charles Schwab with Vanguard, side-by-side.

 

Charles Schwab

Vanguard

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

Read Charles Schwab Review

Norton Internet Security 60-day free subscription - Learn More

 

Benefits and Features

Stock Trading$0 commission on U.S. stocks and ETFs
$0
Options Trading
$0 + $0.65 per contract
$0 + $1-per-contract fee. Discounts available if you have more than $1 million assets invested in Vanguard ETFs and mutual funds
Annual Fee
None
$25
Cryptocurrency Trading
No
 
Minimum Deposit
$0
$0
Mutual Fund Trading$0 for funds from Schwab Mutual Fund OneSource and up to $74.95 per purchase for all other funds
$0 for Vanguard mutual funds
Commission Free ETFs2,000+ across asset classes and fund companies, $0 commission through Schwab ETF OneSourceā„¢.Around 1,800 ETFs from about 100 other companies
Broker Assisted Trades
$25.00 service charge
$25.00
Inactivity Fee
None
$0
Maintenance Fee
$0
$20/year. Waived if account owner signs up for e-delivery service OR have at least $10,000 in Vanguard ETFs and mutual funds
Banking
Yes
No
Mobile App
Yes
Yes
Desktop App
Yes
Yes
Forex Trading 
Yes
Futures Trading
$2.25 per contract
No
Customer Service
24/7
Monday-Friday 8am -10pm ET
Locations
300 locations
No
Online Community
Yes
No
Seminars
Yes
Yes
Trading PlatformDesktop, Web Trading, Mobile Apps 
Virtual Trading
Yes (thinkorswim platforms)
No
 

CreditDonkey® Reviews

Stock TradingStarStarStarStarHalf Star
Options TradingStarStarStarHalf StarEmpty Star
Mutual Fund TradingStarStarStarStarEmpty Star
Online PlatformStarStarStarStarStar
BankingStarStarStarStarStar
Mobile AppStarStarStarHalf StarEmpty Star
Commissions and FeesStarStarStarEmpty StarEmpty Star
Ease of UseStarStarStarStarEmpty Star
ResearchStarStarStarStarStar
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
Bottom LineGood choice for beginning and advanced investors looking to invest in ETFs and mutual funds or investors that require extensive research... 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 11/09/2024.

Vanguard: Pricing information from published websites as of 10/17/2023.

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


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.

Which Do You Think is Best?


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