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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 $0 commission online stock, ETF, and option trades. 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 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 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
Commission-Free Trading - Online Stock, ETF and Option Trades - 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$0 commission for online stock, ETF, and option trades$0 commission on U.S. stocks and ETFs
Options Trading
$0.65 per contract
$0 + $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
550+ Commission-Free ETFs
500+ across asset classes and fund companies, $0 commission through Schwab ETF OneSourceā„¢.
Penny Stocks
 
Broker Assisted Trades
$44.99
$25.00 service charge
Customer Service
(800) 669-3900 (Open 24/7)
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

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 07/18/2019.

Charles Schwab: Pricing information from published websites as of 09/15/2019.

TD Ameritrade: TD Ameritrade has not influenced the content of CreditDonkey. CreditDonkey may earn compensation for accounts opened at TD Ameritrade.

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?


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