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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
$0
$0
Mutual Fund Trading$0 for no-transaction-fee funds $49.95 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:
  • 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 3/15/2019

    TD Ameritrade: Pricing information from published website as of 3/15/2019

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

    Which is Better: 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.


    Articles on Charles Schwab


    Articles on TD Ameritrade


    Which Do You Think is Best?


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