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 ETRADE - 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 OneSource™.
Penny Stocks
Broker Assisted Trades	$25 + Regular Commission	$25.00 service charge
Inactivity Fee	$0	None
Maintenance Fee	$0	$0
Banking	Checking account offers no minimum balance requirements, free online bill pay, and unlimited debit card and check transactions.	Yes
Mobile App		Yes
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)	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 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: 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 Line	Online broker with one of the best user interfaces... Read full review	Good choice for beginning and advanced investors looking to invest in ETFs and mutual funds or investors that require extensive research... Read full review
	Learn more about ETRADE ETRADE Account - Up to $6,000 Bonus E*TRADE Account - Up to $5,000 Bonus	$0 Commissions on Online Stock, ETF, and Options Trades 500 Commission-Free Online and Options Trades Schwab's Referral Offer - Up to $1,000 Bonus
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.