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 | |
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Learn more about E*TRADE - | $0 Commissions on Online Stock, ETF, and Options Trades - | |
Benefits and Features | ||
Stock Trading | $0 commission on U.S. stocks and ETFs | |
Options Trading |
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Annual Fee | ||
Cryptocurrency Trading | ||
Minimum Deposit | $0 for self-directed brokerage accounts; Managed portfolios start at $500 minimum | |
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 | 2,000+ across asset classes and fund companies, $0 commission through Schwab ETF OneSourceā¢. | |
Penny Stocks | ||
Broker Assisted Trades | ||
Inactivity Fee | ||
Maintenance Fee | ||
Banking | Checking account offers no minimum balance requirements, free online bill pay, and unlimited debit card and check transactions. | |
Mobile App | ||
Desktop App | E*TRADE Pro (requires you to execute at least 30 trades during a calendar quarter or maintain brokerage account balance of at least $250,000) | |
Futures Trading | $1.50 per contract, per side + fees (excluding bitcoin futures) | |
Customer Service | ||
Locations | ||
Online Community | ||
Seminars | ||
Trading Platform | Desktop, Web Trading, Mobile Apps | |
Virtual Trading | ||
CreditDonkey® Reviews | ||
Stock Trading | ||
Options Trading | ||
Banking | ||
Mobile App | ||
Commissions and Fees | ||
Ease of Use | ||
Online Community | ||
Research | ||
Trading Platform | ||
Mutual Fund Trading | ||
Online Platform | ||
Pros & Cons | Pros:
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Bottom Line | Online broker with one of the best user interfaces... | Good choice for beginning and advanced investors looking to invest in ETFs and mutual funds or investors that require extensive research... |
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.