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Vanguard vs Charles Schwab


 

Vanguard

Charles Schwab

Norton Internet Security 60-day free subscription - Learn More

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

Read Charles Schwab Review

 

Benefits and Features

Stock Trading
$0
$0 commission on U.S. stocks and ETFs
Options Trading$0 + $1-per-contract fee. Discounts available if you have more than $1 million assets invested in Vanguard ETFs and mutual funds
$0 + $0.65 per contract
Annual Fee
$25
None
Cryptocurrency Trading 
No
Minimum Deposit
$0
$0
Mutual Fund Trading
$0 for Vanguard mutual funds
$0 for funds from Schwab Mutual Fund OneSource and up to $74.95 per purchase for all other funds
Commission Free ETFsAround 1,800 ETFs from about 100 other companies2,000+ across asset classes and fund companies, $0 commission through Schwab ETF OneSourceā„¢.
Broker Assisted Trades
$25.00
$25.00 service charge
Inactivity Fee
$0
None
Maintenance Fee$20/year. Waived if account owner signs up for e-delivery service OR have at least $10,000 in Vanguard ETFs and mutual funds
$0
Banking
No
Yes
Mobile App
Yes
Yes
Desktop App
Yes
Yes
Forex Trading
Yes
 
Futures Trading
No
$2.25 per contract
Customer Service
Monday-Friday 8am -10pm ET
24/7
Locations
No
300 locations
Online Community
No
Yes
Seminars
Yes
Yes
Trading Platform Desktop, Web Trading, Mobile Apps
Virtual Trading
No
Yes (thinkorswim platforms)
 

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.

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

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


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.

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