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Charles Schwab vs Robinhood

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 Robinhood? 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 Robinhood offers $0 stock trades by cutting out physical offices and manual account management. Only basic stock trading can be performed on the mobile app. There is no minimum deposit or maintenance fee, though there is an optional paid premier customer tier starting at $6/month.

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

 

Charles Schwab

Robinhood

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

Read Charles Schwab Review

SPECIAL OFFER
Invite Friends, Get Free Stocks - Learn More

Read Robinhood Review

 

Benefits and Features

Stock Trading
$4.95 per trade
$0
Options Trading
$4.95 + $0.65 per contract
 
Minimum Deposit
$1,000
$0
Mutual Fund Trading$0 for no-transaction-fee funds $76 for all other funds 
Commission Free ETFs
200+
all U.S. listed ETFs
Broker Assisted Tradesonline pricing + $25.00 service charge
$10
Customer Service
24/7
Monday-Friday 9am - 6pm ET
Inactivity Fee
None
$0
Maintenance Fee
$0
$0
Banking
Yes
No
Mobile App
Yes
Yes
Desktop App
Yes
Yes
Futures Trading
$1.50 per contract
 
Locations
300 locations
No
Online Community
Yes
No
Seminars
Yes
No
Virtual Trading
No
No
 

CreditDonkey® Reviews

Stock Trading
Options Trading
Mutual Fund Trading
Online Platform
Banking
Mobile App
Commissions and Fees
Ease of Use
Research
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:
  • Commission-free stock trading on a mobile platform
  • No minimum investment required
Cons:
  • No retirement accounts
  • Limited research
  • No bond trading
  • No mutual fund trading
Bottom LineGood choice for beginning and advanced investors looking to invest in ETFs and mutual funds or investors that require extensive research... Read full reviewFree option to trade stocks with limited bells and whistles for investors... Read full review

Invite Friends, Get Free Stocks

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

Robinhood: Pricing information from published websites as of 4/24/2018

Which is Better: Charles Schwab or Robinhood?

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 research is excellent. Robinhood's commissions and fees and ease of use are impressive.


Explore Charles Schwab In-Depth


Explore Robinhood In-Depth


Which Do You Think is Best?


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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.

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