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Charles Schwab vs E*TRADE

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 E*TRADE? 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 E*TRADE offers stock trades at $6.95 per trade and 200+ commission free ETFs. There is a $500 minimum deposit, no maintenance fee and no inactivity fee.

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

 

Charles Schwab

E*TRADE

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

Read Charles Schwab Review

SPECIAL OFFER
Get up to 500 Commission-Free Trades - Learn More

Read E*TRADE Review

 

Benefits and Features

Stock Trading
$4.95 per trade
$6.95 per trade
$4.95 per trade if you make 30+ trades a quarter
Options Trading
$4.95 + $0.65 per contract
$6.95 + $0.75 per contract
$4.95 + $0.50 per contract if you make 30+ trades a quarter
Minimum Deposit
$0
$500 for brokerage accounts
No account minimum for retirement accounts
Mutual Fund Trading$0 for no-transaction-fee funds $49.95 for all other funds$0 for no-load, no-transaction-fee funds
$19.99 for transaction-fee funds
Commission Free ETFs500+ across asset classes and fund companies, $0 commission through Schwab ETF OneSourceā„¢.250+ including ETFs from WisdomTree, Global X Funds, and db-X Deutsche Bank
Penny Stocks 
Broker Assisted Tradesonline pricing + $25.00 service charge
$25 + Regular Commission
Customer Service
24/7
(650) 599-0125
Inactivity Fee
None
$0
Maintenance Fee
$0
$0
Banking
Yes
Checking account offers no minimum balance requirements, free online bill pay, and unlimited debit card and check transactions.
Mobile App
Yes
Desktop App
Yes
E*TRADE Pro (requires you execute at least 30 trades during a calendar quarter or maintain brokerage account balance of at least $250,000)
Futures Trading
$1.50 per contract
Locations
300 locations
30
Online Community
Yes
ETrade Community lets you exchange trading and investing ideas with other ETrade customers.
Seminars
Yes
Live events and educational seminars at local branches.
Virtual Trading
No
 
 

CreditDonkey® Reviews

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:
  • Expansive set of resources and tools
  • Easy to use website
  • Industry leader
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 reviewOnline broker with one of the best user interfaces... Read full review
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 6/23/2019.

    E*TRADE: Pricing information from published website as of 6/23/2019.

    Which is Better: Charles Schwab or E*TRADE?

    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 banking and research are excellent. E*TRADE's mobile app and ease of use are outstanding.


    Articles on Charles Schwab


    Articles on E*TRADE


    Which Do You Think is Best?


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