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 | Charles Schwab | |
---|---|---|
Commission-Free Trading - Online Stock, ETF and Option Trades - | $0 Commissions on Online Stock, ETF, and Options Trades - | |
Benefits and Features | ||
Stock Trading | $0 commission for online stock, ETF, and option trades | $0 commission on U.S. stocks and ETFs |
Options Trading | ||
Cryptocurrency Trading | ||
Minimum Deposit | ||
Mutual Fund Trading | Up to $49.95 or $74.95 for buys. $0 for sells | $0 for no-transaction-fee funds $49.95 for all other funds |
Commission Free ETFs | 2,000+ across asset classes and fund companies, $0 commission through Schwab ETF OneSourceā¢. | |
Live Chat Support | ||
Penny Stocks | ![]() | |
Broker Assisted Trades | ||
Customer Service | ||
Inactivity Fee | ||
Maintenance Fee | ||
Online Platform | ||
Banking | Cash Management account offers free ATM withdrawals, no monthly maintenance fees, free online bill pay, and free check writing. | |
Mobile App | ||
Desktop App | ||
Forex Trading | ||
Futures Trading | $2.25 per contract (plus exchange & regulatory fees) | |
Bond Trading | ||
CFD Trading | ||
Currency Trading | ||
Locations | More than 100 locations in 34 states | |
Online Community | ||
Seminars | ||
Trading Platform | ||
Virtual Trading | ||
CreditDonkey® Reviews | ||
Stock Trading | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Options Trading | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Banking | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Mobile App | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Commissions and Fees | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Ease of Use | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Online Community | ![]() ![]() ![]() ![]() ![]() | |
Research | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Trading Platform | ![]() ![]() ![]() ![]() ![]() | |
Mutual Fund Trading | ![]() ![]() ![]() ![]() ![]() | |
Online Platform | ![]() ![]() ![]() ![]() ![]() | |
Pros & Cons | Pros:
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Bottom Line | Good online broker for long-term investors... | Good choice for beginning and advanced investors looking to invest in ETFs and mutual funds or investors that require extensive research... |
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 09/05/2023. Charles Schwab: Pricing information from published websites as of 11/14/2021. |
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 Robinhood.
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.