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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
Learn more about E*TRADE - 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$0 for self-directed brokerage accounts; Managed portfolios start at $500 minimum
$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 ETFs
250+
2,000+ across asset classes and fund companies, $0 commission through Schwab ETF OneSourceā„¢.
Penny Stocks
Check
 
Broker Assisted Trades
$25 + Regular Commission
$25.00 service charge
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
Check
Yes
Desktop AppE*TRADE Pro (requires you to 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)
$2.25 per contract
Customer Service
800-387-2331
24/7
Locations 
300 locations
Online Community 
Yes
Seminars 
Yes
Virtual Trading 
No
 

CreditDonkey® Reviews

Stock TradingStarStarStarStarEmpty StarStarStarStarStarHalf Star
Options TradingStarStarStarStarEmpty StarStarStarStarHalf StarEmpty Star
BankingStarStarStarEmpty StarEmpty StarStarStarStarStarStar
Mobile AppStarStarStarStarStarStarStarStarHalf StarEmpty Star
Commissions and FeesStarStarStarHalf StarEmpty StarStarStarStarEmpty StarEmpty Star
Ease of UseStarStarStarStarStarStarStarStarStarEmpty Star
Online CommunityStarStarStarStarEmpty Star
ResearchStarStarStarStarEmpty StarStarStarStarStarStar
Trading PlatformStarStarStarStarStar
Mutual Fund TradingStarStarStarStarEmpty Star
Online PlatformStarStarStarStarStar
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

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 01/04/2024.

Charles Schwab: Pricing information from published websites as of 11/14/2021.

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 Robinhood.

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

E*TRADE

E*TRADE is a highly well-known name, but does that mean it is better than its competitors? Read our in-depth review and see how it compares.

Articles on Charles Schwab

Charles Schwab

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.

Which Do You Think is Best?





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About CreditDonkey
CreditDonkey is a personal finance comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

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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