The StockBrokers.com annual broker review assesses more than a dozen different brokers over six months, surfacing the best online stock brokers. This review compares Charles Schwab vs Chase You Invest Trade. Is Charles Schwab or Chase You Invest Trade a better online broker?
First, we will make a comparison of the stock and option trading fees for trading with both brokers. Chase You Invest Trade charges more than Charles Schwab for placing regular stock trades ($2.95 and $0, respectively). With options, the base fees charged are $2.95 (Chase You Invest Trade) and $0 (Charles Schwab). Charles Schwab's per contract rate of $0.65 is less than Chase You Invest Trade which charges $0.75. Note that some brokers charge a per-share fee instead of a flat-fee commission. For a full breakdown of commissions, read our online broker reviews.
For our next comparison of these two brokers, being able to trade the way you want is a must. Chase You Invest Trade offers clients Stock Trading, Options Trading and Mutual Funds while Charles Schwab offers Stock Trading, Options Trading, Mutual Funds and Futures Trading. When it comes to mutual funds, Charles Schwab offers its clients access to 5846 different mutual funds while Chase You Invest Trade has 2700 available funds, a difference of 3,146.
Last but not least, by breaking down important features, tools, etc that each broker offers, we can really help to separate the two. Neither broker offers virtual trading. For 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. Furthermore, some investors like to bank online, and multiple brokerages provide these services to clients. Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are available to customers of Charles Schwab and Chase You Invest Trade.
Overall, between Charles Schwab and Chase You Invest Trade, Charles Schwab is the winner.
Charles Schwab Review
Chase You Invest Trade Review