Using data from the StockBrokers.com 2017 Broker Rankings
, we can compare Betterment vs Schwab Intelligent Portfolios to determine which broker is better for you. Our database includes thousands of data points on everything from research to trading tools. Let's take a closer look at Betterment and Schwab Intelligent Portfolios.
First we will break down the commission charges of both brokers for placing stock and options trades. Betterment and Schwab Intelligent Portfolios charge the same amount for regular stock trades, $0. For options trading, both Betterment and Schwab Intelligent Portfolios charge the same base fee of $0. Contracts run $0 a piece at both brokerages. Note that flat rate trading is not available everywhere though, so it is important to read the complete commission notes for each broker to know the full breakdown (go to any stock broker review
page, then scroll down to the "Commission Notes" section).
Trading fees aside, having access to trade what you want is also an important consideration. Betterment alongside Schwab Intelligent Portfolios both do not offer Stock Trading, Options Trading, Mutual Funds, Forex Trading and Futures Trading. As far as mutual funds go, both Betterment and Schwab Intelligent Portfolios provide clients with access to total funds. And, commission free ETFs deserve a mention, which in this case means trading a possible funds at both brokers.
Finally, by looking at the most popular features and offerings of each broker, we can really see the differences between the two. Neither broker offers virtual trading. For mobile trading, Betterment and Schwab Intelligent Portfolios both do not offer the iPhone App, iPad App and Android App. Online banking is also used by many clients, and multiple brokerages provide these services. Unfortunately Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are not available at Betterment or Schwab Intelligent Portfolios . All things considered, when it comes to platform tools, research, and trading via smartphone, Both Betterment and Schwab Intelligent Portfolios found themselves without awards for Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Mobile Trading in 2014.
Overall, both Betterment and Schwab Intelligent Portfolios are rated 4.50 stars.