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. Charles Schwab charges more than Chase You Invest Trade for placing regular stock trades ($4.95 and $2.95, respectively). Looking at trading options, Charles Schwab's base fee is $4.95 while Chase You Invest Trade's is $N/A. 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 offers clients Stock Trading and Mutual Funds while Charles Schwab offers Stock Trading, Options Trading, Mutual Funds and Futures Trading. Looking at 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.
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. Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are found at Charles Schwab alongside 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