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†

Charles Schwab vs TD Ameritrade

Charles Schwab is a good choice for beginning and advanced investors looking to invest in ETFs and mutual funds or investors that require extensive research. How does it compare to TD Ameritrade? Read our comparison chart below.

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.

While 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.

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

 TD Ameritrade
 Learn MoreVisit Site
 

Charles Schwab

TD Ameritrade

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

Read Charles Schwab Review

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

Read TD Ameritrade Review

 

Benefits and Features

Stock Trading
$4.95 per trade
$6.95 per trade
Options Trading
$4.95 + $0.65 per contract
$6.95 + $0.75 per contract
Minimum Deposit
$1,000
$0
Mutual Fund Trading$0 for no-transaction-fee funds $76 for all other funds$0 for no-transaction-fee mutual funds
$49.99 for no-load mutual funds
$0 for load mutual funds
Commission Free ETFs
200+
300+ Commission-Free ETFs
Penny Stocks 
Broker Assisted Tradesonline pricing + $25.00 service charge
$44.99
Customer Service
24/7
(800) 669-3900
Inactivity Fee
None
$0
Maintenance Fee
$0
$0
Banking
Yes
Cash Management account offers free ATM withdrawals, no monthly maintenance fees, free online bill pay, and free check writing.
Mobile App
Yes
Desktop App
Yes
thinkorswim
Forex Trading 
Futures Trading
$1.50 per contract
$2.25 per contract (plus exchange & regulatory fees)
Locations
300 locations
More than 100 locations in 34 states
Online Community
Yes
 
Seminars
Yes
Online webcast
Virtual Trading
No
Paper Trading to practice/test strategies and ideas.
 

CreditDonkey® Reviews

 TD Ameritrade
Stock Trading
Options Trading
Mutual Fund Trading
Online Platform
Banking
Mobile App
Commissions and Fees
Ease of Use
Research
Online Community
Trading Platform
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:
  • $1,000 minimum to open a brokerage account
  • Commission costs on mutual funds outside of the commission-free funds
  • Robo-advisor option requires a minimum investment of $5,000
Pros:
  • Easy to Use
  • Thinkorswim Platform
  • Customer Service
Cons:
  • Trade Fees
Bottom LineGood choice for beginning and advanced investors looking to invest in ETFs and mutual funds or investors that require extensive research... Read full reviewGood online broker for long-term investors... Read full review
 Learn MoreVisit Site
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.

    Charles Schwab: Pricing information from published websites as of 4/16/2018

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

    Which is Better: Charles Schwab or TD Ameritrade?

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

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


    Explore Charles Schwab In-Depth


    Explore TD Ameritrade In-Depth


    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 Charles Schwab to:


    You might also be interested in

    ZacksTrade Review

    Stock traders that hear the name Zacks likely think of research. That's because Zacks has been a top provider of investment research for many years. The company has since broadened their services to offer an online brokerage firm.

    Compare TD Ameritrade 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.