Comparing brokers side by side is no easy task. For our annual broker review, we assess over a dozen brokers on hundreds of different variables to find the best online broker
. Yielding a database of over 5,000 data points, let's compare Charles Schwab vs Chase You Invest Trade.
To start this comparison, first, we will take a look at the online broker commission rates for placing regular stock and options trades. Charles Schwab charges $4.95 per stock trade which is $2.00 more than Chase You Invest Trade which charges customers $2.95 per trade. With options, the base fees charged are $N/A (Chase You Invest Trade) and $4.95 (Charles Schwab). Each option contract then costs $N/A at Chase You Invest Trade and $0.65 at Charles Schwab. It's important to note that not all brokers charge a flat fee per trade. Thus, it is important to read the full commission notes for each broker, which we include with each online broker review
Next to commission rates, being able to trade what you want is important. Chase You Invest Trade provides its clients with Stock Trading and Mutual Funds while Charles Schwab provides clients access to Stock Trading, Options Trading, Mutual Funds and Futures Trading. Looking at mutual funds, Charles Schwab boasts an offering of 5509 mutual funds compared to Chase You Invest Trade's 2700 available funds. Commission free ETFs can also be valuable for customers, with Charles Schwab having the upper hand thanks to its 244 available commission free ETFs compared to Chase You Invest Trade's offering of N/A.
Trading access aside, by comparing popular features and functionality, we can break down relevant differences between both brokers. Charles Schwab nor Chase You Invest Trade offers virtual trading. Taking a look at mobile trading, Chase You Invest Trade offer clients access to an iPhone App and Android App while Charles Schwab has an iPhone App, iPad App and Android App. Not to be left out, online banking is also a nice benefit for many investors, and some brokerages provide these services to clients. Both Charles Schwab and Chase You Invest Trade offer Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans. On the whole, when it comes to tools, research, and mobile trading, Charles Schwab posted awards Best in Class - Platforms & Tools and Best in Class - Research in 2018, while Chase You Invest Trade found itself with none of these.
Overall, Charles Schwab boasts 4.50 stars versus Chase You Invest Trade's 3.00 stars.