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E*TRADE vs Charles Schwab

E*TRADE is an online broker with one of the best user interfaces. How does it compare to Charles Schwab? Read our comparison chart below.

E*TRADE offers stock trades at $0 per trade. There is a $500 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 E*TRADE with Charles Schwab, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

 

E*TRADE

Charles Schwab

SPECIAL OFFER
Get $200 Cash Credit - Learn More

Read E*TRADE Review

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

Read Charles Schwab Review

 

Benefits and Features

Stock Trading
$0 per trade
$0 commission on U.S. stocks and ETFs
Options Trading$0 per trade + $0.65 per contract
$0 per trade + $0.50 per contract if you make 30+ trades a quarter
$0 + $0.65 per contract
Minimum Deposit$500 for brokerage accounts
No account minimum for retirement accounts
$0
Mutual Fund Trading$0 for no-load, no-transaction-fee funds
$19.99 for transaction-fee funds
$0 for no-transaction-fee funds $49.95 for all other funds
Commission Free ETFs250+ including ETFs from WisdomTree, Global X Funds, and db-X Deutsche Bank2,000+ across asset classes and fund companies, $0 commission through Schwab ETF OneSourceā„¢.
Penny Stocks
 
Broker Assisted Trades
$25 + Regular Commission
$25.00 service charge
Customer Service
800-387-2331
24/7
Inactivity Fee
$0
None
Maintenance Fee
$0
$0
BankingChecking account offers no minimum balance requirements, free online bill pay, and unlimited debit card and check transactions.
Yes
Mobile App
Yes
Desktop AppE*TRADE Pro (requires you execute at least 30 trades during a calendar quarter or maintain brokerage account balance of at least $250,000)
Yes
Futures Trading$1.50 per contract, per side + fees (excluding bitcoin futures)
$1.50 per contract
Locations
30
300 locations
Online CommunityETrade Community lets you exchange trading and investing ideas with other ETrade customers.
Yes
SeminarsLive events and educational seminars at local branches.
Yes
Virtual Trading 
No
 

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 & ConsPros:
  • Expansive set of resources and tools
  • Easy to use website
  • Industry leader
Cons:
  • Trade fees
Pros:
  • 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
Bottom LineOnline broker with one of the best user interfaces... Read full reviewGood choice for beginning and advanced investors looking to invest in ETFs and mutual funds or investors that require extensive research... 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.

    E*TRADE: Pricing information from published website as of 11/18/2019.

    Charles Schwab: Pricing information from published websites as of 11/18/2019.

    Which is Better: E*TRADE or Charles Schwab?

    Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing E*TRADE or Ally Invest.

    In short: E*TRADE's mobile app and ease of use are outstanding. Charles Schwab's banking and research are excellent.


    Articles on E*TRADE


    Articles on Charles Schwab


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