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Charles Schwab vs eToro 2022

StockBrokers.com

Written by StockBrokers.com

November 02, 2022

Is Charles Schwab better than eToro? After testing 15 of the best online brokers over six months, E*TRADE (92.52%) is better than Charles Schwab (89.63%). Founded in 1982 as one of the first online brokerages in the United States, E*TRADE highlights include $0 trades, two excellent mobile apps and the Power E*TRADE platform, which is great for beginners, active trading and options trading.

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Overall RatingCharles SchwabeToroE*TRADE
Overall4.5 Stars3 Stars5 Stars
Commissions & Fees4.5 Stars4 Stars4.5 Stars
Investment Options5 Stars2 Stars5 Stars
Platforms & Tools4.5 Stars2.5 Stars4.5 Stars
Mobile Trading Apps4 Stars2.5 Stars5 Stars
Research5 Stars2.5 Stars4.5 Stars
Customer Service4.5 StarsN/A4.5 Stars
Education4 Stars3.5 Stars4.5 Stars
Ease Of Use4.5 Stars4 Stars5 Stars
Winnercheck_circle
ReviewCharles Schwab RevieweToro ReviewE*TRADE Review
Trading FeesCharles SchwabeToroE*TRADE
Minimum Deposit$0.00$10.00$0.00
Stock Trades$0.00$0.00$0.00
Penny Stock Fees (OTCCB)$6.95N/A$6.95
Mutual Fund Trade FeeVariesN/A$19.99
Options (Base Fee)$0.00N/A$0.00
Options (Per Contract)$0.65N/A$0.65
Futures (Per Contract)$2.25N/A$1.50
Broker Assisted Trade Fee$25$0$25
Margin RatesCharles SchwabeToroE*TRADE
Margin Rate Under $24,999.9911.33%N/A11.95%
Margin Rate $25,000.00 to $49,999.9910.83%N/A11.45%
Margin Rate $50,000.00 to $99,999.999.88%N/A10.95%
Margin Rate $100,000.00 to $249,999.999.83%N/A10.45%
Margin Rate $250,000.00 to $499,999.999.58%N/A9.95%
Margin Rate $500,000.00 to $999,999.997.83%N/A9.45%
Margin Rate Above $1,000,000.007.50%N/A8.45%
Account FeesCharles SchwabeToroE*TRADE
IRA Annual Fee$0.00N/A$0.00
IRA Closure Fee$0.00N/A$0.00
Account Transfer Out (Partial)$25.00N/A$25.00
Account Transfer Out (Full)$50.00N/A$75.00
Options Exercise Fee$0.00N/A$0.00
Options Assignment Fee$0.00N/A$0.00
Investment OptionsCharles SchwabeToroE*TRADE
Stock TradingYesYesYes
Margin TradingYesNoYes
Fractional SharesYesYesNo
OTCBB / Pink SheetsYesNoYes
Options TradingYesNoYes
Complex Options Max Legs404
Futures TradingYesNoYes
Forex TradingNoNoNo
Crypto TradingNoYesNo
Crypto Trading - Total Coins0260
Mutual Funds (No Load)1499606486
Mutual Funds (Total)1791207242
Bonds (US Treasury)YesNoYes
Bonds (Corporate)YesNoYes
Bonds (Municipal)YesNoYes
Advisor ServicesYesNoYes
International Countries (Stocks)1200
Order TypesCharles SchwabeToroE*TRADE
Order Type - MarketYesYesYes
Order Type - LimitYesNoYes
Order Type - After HoursYesNoYes
Order Type - StopYesYesYes
Order Type - Trailing StopYesYesYes
Order Type - OCOYesNoYes
Order Type - OTOYesNoYes
Order Type - Broker AssistedYesNoYes
BeginnersCharles SchwabeToroE*TRADE
Education (Stocks)YesYesYes
Education (ETFs)YesNoYes
Education (Options)YesNoYes
Education (Mutual Funds)NoNoYes
Education (Bonds)YesNoYes
Education (Retirement)YesNoYes
Retirement CalculatorYesNoYes
Investor DictionaryYesNoYes
Paper TradingNoYesYes
VideosYesYesYes
WebinarsYesNoYes
Webinars (Archived)YesNoYes
Progress TrackingNoNoNo
Interactive Learning - QuizzesNoNoYes
Stock Trading AppsCharles SchwabeToroE*TRADE
iPhone AppYesYesYes
Android AppYesYesYes
Apple Watch AppYesNoYes
Trading - StocksYesYesYes
Trading - After-HoursYesNoYes
Trading - Simple OptionsYesNoYes
Trading - Complex OptionsYesNoYes
Order Ticket RT QuotesYesYesYes
Order Ticket SRT QuotesNoYesYes
Stock App FeaturesCharles SchwabeToroE*TRADE
Market Movers (Top Gainers)YesYesYes
Stream Live TVYesNoYes
Videos on DemandYesNoNo
Stock AlertsNoYesYes
Option Chains ViewableYesNoYes
Watch List (Real-time)YesYesYes
Watch List (Streaming)NoYesYes
Watch Lists - Create & ManageYesYesYes
Watch Lists - Column CustomizationNoNoYes
Watch Lists - Total Fields130795
Stock App ChartingCharles SchwabeToroE*TRADE
Charting - After-HoursNoNoYes
Charting - Can Turn HorizontallyYesNoYes
Charting - Multiple Time FramesYesYesYes
Charting - Technical Studies32510
Charting - Study CustomizationsYesYesYes
Charting - Stock ComparisonsYesNoYes
Trading PlatformsCharles SchwabeToroE*TRADE
Active Trading PlatformStreetSmart EdgeN/APower E*TRADE
Desktop Trading PlatformYesNoNo
Desktop Platform (Mac)NoNoNo
Web Trading PlatformYesYesYes
Paper TradingNoYesYes
Trade JournalYesNoNo
Watch Lists - Total Fields130795
Stock Chart FeaturesCharles SchwabeToroE*TRADE
Charting - Adjust Trades on ChartYesNoYes
Charting - Indicators / Studies4146119
Charting - Drawing Tools151331
Charting - NotesYesYesYes
Charting - Index OverlaysYesYesYes
Charting - Historical TradesNoNoYes
Charting - Corporate EventsYesNoYes
Charting - Custom Date RangeYesNoYes
Charting - Custom Time BarsYesNoNo
Charting - Automated AnalysisYesNoYes
Charting - Save ProfilesYesYesYes
Trade Ideas - Technical AnalysisYesYesYes
Charting - Study Customizations756
Charting - Custom StudiesNoNoNo
Day TradingCharles SchwabeToroE*TRADE
Streaming Time & SalesYesYesYes
Streaming TVYesNoYes
Direct Market Routing - StocksYesNoYes
Ladder TradingNoNoNo
Trade Hot KeysYesNoYes
Level 2 Quotes - StocksYesNoYes
Trade Ideas - BacktestingYesNoNo
Trade Ideas - Backtesting AdvNoNoNo
Short LocatorYesNoNo
Order Liquidity RebatesNoNoNo
Research OverviewCharles SchwabeToroE*TRADE
Research - StocksYesYesYes
Research - ETFsYesYesYes
Research - Mutual FundsYesNoYes
Research - Pink Sheets / OTCBBYesNoYes
Research - BondsYesNoYes
Screener - StocksYesNoYes
Screener - ETFsYesNoYes
Screener - Mutual FundsYesNoYes
Screener - BondsYesNoYes
Misc - Portfolio AllocationYesNoYes
Stock ResearchCharles SchwabeToroE*TRADE
Stock Research - PDF Reports706
Stock Research - EarningsYesYesYes
Stock Research - InsidersYesYesYes
Stock Research - SocialYesYesYes
Stock Research - NewsYesYesYes
Stock Research - ESGYesYesNo
Stock Research - SEC FilingsYesYesYes
ETF ResearchCharles SchwabeToroE*TRADE
ETFs - Strategy OverviewYesYesYes
ETF Fund Facts - Inception DateYesNoYes
ETF Fund Facts - Expense RatioYesNoYes
ETF Fund Facts - Net AssetsYesNoYes
ETF Fund Facts - Total HoldingsYesNoYes
ETFs - Top 10 HoldingsYesNoYes
ETFs - Sector ExposureYesNoYes
ETFs - Risk AnalysisYesNoYes
ETFs - RatingsYesYesYes
ETFs - Morningstar StyleMapYesNoYes
ETFs - PDF ReportsYesNoYes
Mutual Fund ResearchCharles SchwabeToroE*TRADE
Mutual Funds - Strategy OverviewYesNoYes
Mutual Funds - Performance ChartYesNoNo
Mutual Funds - Performance AnalysisYesNoYes
Mutual Funds - ProspectusYesNoYes
Mutual Funds - 3rd Party RatingsYesNoYes
Mutual Funds - Fees BreakdownYesNoYes
Mutual Funds - Top 10 HoldingsYesNoYes
Mutual Funds - Asset AllocationYesNoYes
Mutual Funds - Sector AllocationYesNoYes
Mutual Funds - Country AllocationYesNoYes
Mutual Funds - StyleMapYesNoYes
Options TradingCharles SchwabeToroE*TRADE
Option Chains - Basic ViewYesNoYes
Option Chains - Strategy ViewYesNoYes
Option Chains - StreamingYesNoYes
Option Chains - Total Columns44031
Option Chains - Greeks505
Option Chains - Quick AnalysisYesNoYes
Option Analysis - P&L ChartsYesNoYes
Option Probability AnalysisYesNoYes
Option Probability Analysis AdvYesNoYes
Option Positions - GreeksYesNoYes
Option Positions - Greeks StreamingYesNoYes
Option Positions - Adv AnalysisYesNoYes
Option Positions - RollingYesNoYes
Option Positions - GroupingYesNoYes
BankingCharles SchwabeToroE*TRADE
Bank (Member FDIC)YesNoYes
Checking AccountsYesNoYes
Savings AccountsYesNoYes
Credit CardsYesNoYes
Debit CardsYesNoYes
Mortgage LoansYesNoYes
Customer ServiceCharles SchwabeToroE*TRADE
Phone Support (Prospect Customers)YesNoYes
Phone Support (Current Customers)YesNoYes
Email SupportYesYesYes
Live Chat (Prospect Customers)NoYesNo
Live Chat (Current Customers)YesYesYes
24/7 SupportYesNoYes
OverallCharles SchwabeToroE*TRADE
Overall4.5 Stars3 Stars5 Stars
Commissions & Fees4.5 Stars4 Stars4.5 Stars
Investment Options5 Stars2 Stars5 Stars
Platforms & Tools4.5 Stars2.5 Stars4.5 Stars
Mobile Trading Apps4 Stars2.5 Stars5 Stars
Research5 Stars2.5 Stars4.5 Stars
Education4 Stars3.5 Stars4.5 Stars
Ease Of Use4.5 Stars4 Stars5 Stars
Winnercheck_circle
ReviewCharles Schwab RevieweToro ReviewE*TRADE Review
  • check_box_outline_blankcheck_boxAlly Invest
  • check_box_outline_blankcheck_boxCharles Schwab
  • check_box_outline_blankcheck_boxE*TRADE
  • check_box_outline_blankcheck_boxeToro
  • check_box_outline_blankcheck_boxFidelity
  • check_box_outline_blankcheck_boxFirstrade
  • check_box_outline_blankcheck_boxInteractive Brokers
  • check_box_outline_blankcheck_boxJ.P. Morgan Self-Directed Investing
  • check_box_outline_blankcheck_boxMerrill Edge
  • check_box_outline_blankcheck_boxRobinhood
  • check_box_outline_blankcheck_boxSofi Invest
  • check_box_outline_blankcheck_boxTD Ameritrade
  • check_box_outline_blankcheck_boxTradeStation
  • check_box_outline_blankcheck_boxTradier
  • check_box_outline_blankcheck_boxVanguard
  • check_box_outline_blankcheck_boxWebull
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Charles Schwab vs eToro Comparison

Comparing brokers side by side is no easy task. For our 2022 annual broker review, we spent hundreds of hours assessing 15 brokerages to find the best online broker. Let's compare Charles Schwab vs eToro.

Is Charles Schwab or eToro better for beginners?

E*TRADE offers more comprehensive new investor education for beginner investors than Charles Schwab. Charles Schwab offers investors access to Videos, Education (Stocks), Education (ETFs), Education (Options), Education (Bonds) and Education (Retirement), while eToro offers investors access to Paper Trading, Videos and Education (Stocks), neither have Education (Mutual Funds).

What about Charles Schwab vs eToro pricing?

Charles Schwab and eToro charge the same amount for regular stock trades, $0.00. Option contracts are pricier at Charles Schwab, costing $0.65 per contract versus N/A per contract at eToro. For a complete commissions summary, see our best brokers for free stock trading guide.

Does Charles Schwab or eToro offer a wider range of investment options?

Charles Schwab offers investors access to Stock Trading, Fractional Shares, Options Trading, OTCBB / Pink Sheets, Mutual Funds, Futures Trading and Advisor Services, while eToro offers investors access to Stock Trading and Fractional Shares, neither have Forex Trading. Looking at Mutual Funds, eToro trails Charles Schwab in its offering of no transaction fee (NTF) mutual funds, with Charles Schwab offering 7168 and eToro offering 0.

Which trading platform is better: Charles Schwab or eToro?

To compare the trading platforms of Charles Schwab and eToro, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Charles Schwab offers a better experience. With research, Charles Schwab offers superior market research. Finally, we found E*TRADE to provide better mobile trading apps.

Does either broker offer banking?

Online banking can be a benefit for investors, and some brokerages do provide banking services to customers. Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are offered by Charles Schwab while eToro offers neither of these.

Is Charles Schwab good?

With nearly $8 trillion in client assets, Charles Schwab understands how to consistently deliver value to its customers. Highlights include $0 trades, excellent stock research, a diverse selection of trading tools, and an industry-leading offering of financial planning services.

Is eToro good?

eToro bills itself as a social trading platform, and that is exactly what you get. It’s a combination of Twitter and trading that will appeal to those who are most interested in learning how to trade cryptocurrencies or joining a community with crypto as the focus. The scope currently is limited in the U.S., so those looking for more advanced trading or trading a variety of underlyings will want to look elsewhere.

Charles Schwab vs eToro Winner

Overall winner: E*TRADE

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