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Charles Schwab vs Vanguard

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 Vanguard? Read our comparison chart below.

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.

While Vanguard offers low stock trade prices (starting at just $2) for investors with account balances over $500k. For those with smaller balances, it's best for less active traders, as trade prices go up after 25 trades/year. Vanguard offers 125+ no-transaction-fee mutual fees and 55+ commission-free ETFs. There is no minimum deposit and service fees can be waived by signing up for electronic statements.

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

 

Charles Schwab

Vanguard

SPECIAL OFFER
$0 Commissions on Online Stock, ETF, and Options Trades - Learn More

Read Charles Schwab Review

Norton Internet Security 60-day free subscription - Learn More

Read Vanguard Review

 

Benefits and Features

Stock Trading$0 commission on U.S. stocks and ETFsLess than $50,000: $7 per trade for the first 25 trades per year, then $20.
$50k - $500k: All trades $7.
$500k - $1M: All trades $2.
$1M - $5M: First 25 trades per year free, then $2.
$5M+: First 100 trades per year free, then $2
Options Trading
$0 + $0.65 per contract
Less than $500,000: $7 + $1 per contract.
$500,000+: $2 + $1 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 funds. For transaction-fee funds: $20 for account balances less than $500,000; $8 for account balances $500,000+
Commission Free ETFs2,000+ across asset classes and fund companies, $0 commission through Schwab ETF OneSourceā„¢.Around 1,800 ETFs from about 100 other companies
Broker Assisted Trades
$25.00 service charge
$25.00
Customer Service
24/7
Monday-Friday 8am -10pm ET
Inactivity Fee
None
$0
Maintenance Fee
$0
$20/year. Waived if account owner signs up for e-delivery service OR have at least $10,000 in Vanguard ETFs and mutual funds
Banking
Yes
No
Mobile App
Yes
Yes
Desktop App
Yes
Yes
Forex Trading 
Yes
Futures Trading
$1.50 per contract
No
Locations
300 locations
No
Online Community
Yes
No
Seminars
Yes
Yes
Virtual Trading
No
No
 

CreditDonkey® Reviews

Stock TradingStarStarStarStarHalf StarStarStarStarEmpty StarEmpty Star
Options TradingStarStarStarHalf StarEmpty StarStarStarStarStarEmpty Star
Mutual Fund TradingStarStarStarStarEmpty StarStarStarStarStarStar
Online PlatformStarStarStarStarStar
BankingStarStarStarStarStar
Mobile AppStarStarStarHalf StarEmpty StarStarStarStarEmpty StarEmpty Star
Commissions and FeesStarStarStarEmpty StarEmpty StarStarStarStarStarEmpty Star
Ease of UseStarStarStarStarEmpty StarStarStarStarStarStar
ResearchStarStarStarStarStarStarStarStarHalf StarEmpty Star
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:
  • Large selection of mutual funds and commission-free ETFs
  • Broker assistance is available at no additional cost
  • Easy to use
Cons:
  • Commission structure penalizes frequent traders
  • Customer service wait times
  • Commission costs on non-Vanguard investment options
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 choice for ETF and mutual fund investors interested in Vanguard-sponsored investments... Read full review

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 07/10/2020.

Vanguard: Pricing information from published websites as of 09/15/2019.

Which is Better: Charles Schwab or Vanguard?

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 research are notable. In particular, the research is excellent. Vanguard's mutual fund trading, commissions and fees, and ease of use are worth mentioning. In particular, the mutual fund trading and ease of use are impressive.


Articles on Charles Schwab

Charles Schwab Review

Charles Schwab is one of the oldest names in the world of investing. With low fees, no account minimums, and robust research tools, it's a good brokerage for all levels of investors.

Articles on Vanguard

Vanguard

Vanguard Brokerage may be a full-service broker, but typically long-term investors preferring ETFs and mutual funds see the greatest return on their investment with them.

Which Do You Think is Best?





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