CreditDonkey is a stock broker 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†

TD Ameritrade vs Charles Schwab

TD Ameritrade is a good online broker for long-term investors. How does it compare to Charles Schwab? Read our comparison chart below.

TD Ameritrade offers stock trades at $6.95 per trade and 300+ commission free ETFs. This online broker also has more than 100 branch locations. There is no minimum deposit, no maintenance fee, and no inactivity fee.

While Charles Schwab offers stock trades at $4.95 per trade and options trading at $4.95 + $0.65 per contract. It also offers 200+ commission free ETFs. There is no minimum deposit, no maintenance fee, and no inactivity fee.

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

 TD Ameritrade
 Visit SiteLearn More
 

TD Ameritrade

Charles Schwab

SPECIAL OFFER
Get 60 Days of Commission-Free Trading - Learn More

Read TD Ameritrade Review

SPECIAL OFFER
500 Commission-Free Online and Options Trades - Learn More

Read Charles Schwab Review

 

Benefits and Features

Stock Trading
$6.95 per trade
$4.95 per trade
Options Trading
$6.95 + $0.75 per contract
$4.95 + $0.65 per contract
Minimum Deposit
$0
$0
Mutual Fund Trading$0 for no-transaction-fee mutual funds
$49.99 for no-load mutual funds
$0 for load mutual funds
$0 for no-transaction-fee funds $49.95 for all other funds
Commission Free ETFs
300+ Commission-Free ETFs
200+
Penny Stocks
 
Broker Assisted Trades
$44.99
online pricing + $25.00 service charge
Customer Service
(800) 669-3900
24/7
Inactivity Fee
$0
None
Maintenance Fee
$0
$0
BankingCash Management account offers free ATM withdrawals, no monthly maintenance fees, free online bill pay, and free check writing.
Yes
Mobile App
Yes
Desktop App
thinkorswim
Yes
Forex Trading
 
Futures Trading$2.25 per contract (plus exchange & regulatory fees)
$1.50 per contract
LocationsMore than 100 locations in 34 states
300 locations
Online Community 
Yes
Seminars
Online webcast
Yes
Virtual TradingPaper Trading to practice/test strategies and ideas.
No
 

CreditDonkey® Reviews

 TD Ameritrade
Stock Trading
Options Trading
Banking
Mobile App
Commissions and Fees
Ease of Use
Online Community
Research
Trading Platform
Mutual Fund Trading
Online Platform
Pros & ConsPros:
  • Easy to Use
  • Thinkorswim Platform
  • Customer Service
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 LineGood online broker for long-term investors... 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
 Visit SiteLearn More
What Others View

    Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

    TD Ameritrade: Pricing information from published website as of 03/13/2017

    Charles Schwab: Pricing information from published websites as of 11/14/2018

    Which is Better: TD Ameritrade or Charles Schwab?

    Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing TD Ameritrade or Ally Invest.

    In short: TD Ameritrade's mobile app and ease of use are impressive. Charles Schwab's stock trading and banking are notable. In particular, the banking is excellent.


    Articles on TD Ameritrade


    Articles on Charles Schwab


    Which Do You Think is Best?


    You Might Also Like

      Best Trading Platform

      Successful trading requires quick action and in-depth analysis. Using the wrong platform could leave you in financial ruin. But the right one can enhance your trading efforts.

      Best Discount Broker

      The best online broker offers low fees, great customer service, and smart research tools. Find the best discount brokerage to consider.

      Best Options Broker

      The best options broker offers great service, low prices, and a user-friendly trading platform. Find the top options brokers to consider.

    Compare TD Ameritrade to:


    You might also be interested in

    EquityMultiple

    Think you don't have enough money to invest in real estate? Check out the opportunity that EquityMultiple offers. They are a real estate crowdfunding website.

    Compare Charles Schwab to:


    Next Page:

    About CreditDonkey®
    CreditDonkey is a stock broker 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 card 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.