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 4,000 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. Chase You Invest Trade charges $2.95 per stock trade which is $2.95 more than Charles Schwab which charges customers $0 per trade. For options trading, Chase You Invest Trade has a base fee of $2.95, and Charles Schwab a base fee of $0. Charles Schwab's per contract rate of $0.65 is less than Chase You Invest Trade which charges $0.75. 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 supports Stock Trading, Options Trading and Mutual Funds while Charles Schwab supports Stock Trading, Options Trading, Mutual Funds and Futures Trading. Looking at mutual funds, Chase You Invest Trade trails Charles Schwab by 3,146 total mutual funds, with Charles Schwab offering 5846 and Chase You Invest Trade offering 2700.
Trading access aside, by comparing popular features and functionality, we can break down relevant differences between both brokers. Neither broker offers virtual trading. Taking a look at mobile trading, Chase You Invest Trade supports the iPhone App and Android App while Charles Schwab supports the 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.
Overall, between Charles Schwab and Chase You Invest Trade, Charles Schwab is the winner.
Charles Schwab Review
Chase You Invest Trade Review