Save money and be informed. CreditDonkey is a personal finance comparison and reviews website. This website is made possible through financial relationships with card issuers and some of the products and services mentioned on this site. Advertiser Disclosure†

E*TRADE vs Charles Schwab

E*TRADE is an online broker with one of the best user interfaces. How does it compare to Charles Schwab? Read our comparison chart below.

E*TRADE offers stock trades at $0 per trade. There is a $500 minimum deposit, no maintenance fee and no inactivity fee.

While 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.

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

 

E*TRADE

Charles Schwab

SPECIAL OFFER
Learn more about E*TRADE - Learn More

Read E*TRADE Review

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

Read Charles Schwab Review

 

Benefits and Features

Stock Trading
$0 per trade
$0 commission on U.S. stocks and ETFs
Options Trading
  • $0 per trade + $0.65 per contract
  • $0 per trade + $0.50 per contract if you make 30+ trades a quarter
$0 + $0.65 per contract
Annual Fee
None
None
Cryptocurrency Trading 
No
Minimum Deposit$0 for self-directed brokerage accounts; Managed portfolios start at $500 minimum
$0
Mutual Fund Trading$0 for no-load, no-transaction-fee funds; $19.99 for transaction-fee funds$0 for funds from Schwab Mutual Fund OneSource and up to $74.95 per purchase for all other funds
Commission Free ETFs
250+
2,000+ across asset classes and fund companies, $0 commission through Schwab ETF OneSourceā„¢.
Penny Stocks
Check
 
Broker Assisted Trades
$25 + Regular Commission
$25.00 service charge
Inactivity Fee
$0
None
Maintenance Fee
$0
$0
BankingChecking account offers no minimum balance requirements, free online bill pay, and unlimited debit card and check transactions.
Yes
Mobile App
Check
Yes
Desktop AppE*TRADE Pro (requires you to execute at least 30 trades during a calendar quarter or maintain brokerage account balance of at least $250,000)
Yes
Futures Trading$1.50 per contract, per side + fees (excluding bitcoin futures)
$2.25 per contract
Customer Service
800-387-2331
24/7
Locations 
300 locations
Online Community 
Yes
Seminars 
Yes
Trading Platform
Web Trading, Mobile Apps
Desktop, Web Trading, Mobile Apps
Virtual Trading
Yes
Yes (thinkorswim platforms)
 

CreditDonkey® Reviews

Stock TradingStarStarStarStarEmpty StarStarStarStarStarHalf Star
Options TradingStarStarStarStarEmpty StarStarStarStarHalf StarEmpty Star
BankingStarStarStarEmpty StarEmpty StarStarStarStarStarStar
Mobile AppStarStarStarStarStarStarStarStarHalf StarEmpty Star
Commissions and FeesStarStarStarHalf StarEmpty StarStarStarStarEmpty StarEmpty Star
Ease of UseStarStarStarStarStarStarStarStarStarEmpty Star
Online CommunityStarStarStarStarEmpty Star
ResearchStarStarStarStarEmpty StarStarStarStarStarStar
Trading PlatformStarStarStarStarStar
Mutual Fund TradingStarStarStarStarEmpty Star
Online PlatformStarStarStarStarStar
Pros & ConsPros:
  • Expansive set of resources and tools
  • Easy to use website
  • Industry leader
Cons:
  • Trade fees
Pros:
  • 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 LineOnline broker with one of the best user interfaces... Read full reviewGood 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.

E*TRADE: Pricing information from published website as of 11/09/2024.

Charles Schwab: Pricing information from published websites as of 11/09/2024.

Which is Better: E*TRADE or Charles Schwab?

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

In short: E*TRADE's mobile app and ease of use are outstanding. Charles Schwab's banking and research are excellent.


Articles on E*TRADE

E*TRADE

E*TRADE is a highly well-known name, but does that mean it is better than its competitors? Read our in-depth review and see how it compares.

Articles on Charles Schwab

Charles Schwab

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?


You Might Also Like

Best Stock Buying Apps

Best Stock Buying Apps

The best investment apps let you trade stocks on the go, right from your phone. But which one is the best for you? Read on to find out.
Best Options Trading Platform

Best Options Trading Platform

Not all options trading platforms are created equal. But which one is best for you? Read on to find out.
Is Webull Safe
Webull

Is Webull Safe

Webull is one of the most popular apps for investing. But is it safe? Keep reading to see how it protects your money.
How Does Robinhood Make Money
Robinhood

How Does Robinhood Make Money

Robinhood earns money through payment for order flow, interest rates, and subscriptions. Learn how these factors contribute to Robinhood's success.
How to Buy Reddit Stock

How to Buy Reddit Stock

Looking for ways to invest in Reddit? While Reddit plans its IPO for March 2024, you can still get ahead and buy your Reddit shares. Check this out.
M1 Finance Alternatives

M1 Finance Alternatives

M1 Finance is a popular app for commission-free investing. But is there a better option for you? Find out in this detailed guide to M1 Finance alternatives.
How to Get Free Stocks

How to Get Free Stocks

Discover 15+ platforms offering free stocks and bonuses - a fortune isn't essential.
How to Invest in Index Funds

How to Invest in Index Funds

Index funds are a low-cost and passive way to invest. If you're afraid of picking the wrong investments, learn how index funds may be a safer option.
Best Ways to Invest $50,000

Best Ways to Invest $50,000

Have $50,000 to invest? Here are 10+ smart investment ideas to turn $50k into even bigger money.
Free Stock Trading App

Free Stock Trading App

Looking for the best stock trading apps for free? Elevate your investment game with these top choices.

Next Page:

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.

†Advertiser Disclosure: Many of the offers that appear on this site are from companies from which CreditDonkey receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). CreditDonkey does not include all companies or all offers that may be available in the marketplace.

*See the card issuer's online application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However, all information is presented without warranty. When you click on the "Apply Now" button you can review the terms and conditions on the card issuer's website.

CreditDonkey does not know your individual circumstances and provides information for general educational purposes only. CreditDonkey is not a substitute for, and should not be used as, professional legal, credit or financial advice. You should consult your own professional advisors for such advice.

About Us | Reviews | Deals | Tips | Privacy | Do Not Sell My Info | Terms | Contact Us
(888) 483-4925 | 680 East Colorado Blvd, 2nd Floor | Pasadena, CA 91101
© 2024 CreditDonkey Inc. All Rights Reserved.