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. Charles Schwab charges more than Chase You Invest Trade for placing regular stock trades ($4.95 and $2.95, respectively). With options, the base fees charged are $N/A (Chase You Invest Trade) and $4.95 (Charles Schwab). Option contracts are pricier at Chase You Invest Trade, costing $N/A versus $0.65 at Charles Schwab. 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 and Mutual Funds while Charles Schwab offers Stock Trading, Options Trading, Mutual Funds and Futures Trading. When it comes to mutual funds, Charles Schwab boasts an offering of 5846 mutual funds compared to Chase You Invest Trade's 2700 available funds. Commission free ETFs can also be a nice plus, Charles Schwab offers 265 commission free ETFs versus Chase You Invest Trade's total of N/A.
Last but not least, by breaking down important features, tools, etc that each broker offers, we can really help to separate the two. Charles Schwab nor Chase You Invest Trade 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. On the whole, when it comes to tools, research, and mobile trading, Charles Schwab posted awards Best in Class - Research in 2018, while Chase You Invest Trade found itself with none of these.
Overall, Charles Schwab boasts 4.00 stars versus Chase You Invest Trade's 3.00 stars.