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Charles Schwab vs eToro 2022

StockBrokers.com | August 9th, 2022

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Is Charles Schwab better than eToro? After testing 15 of the best online brokers over six months, Charles Schwab (89.63%) is better than eToro (57.7%). 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

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Overall Rating

Feature Charles Schwab eToro
Overall 4.5 3
Commissions & Fees 4.5 4
Offering of Investments 5 2
Platforms & Tools 4.5 2.5
Mobile Trading Apps 4 2.5
Research 5 2.5
Education 4 3.5
Ease of Use 4.5 4
Charles Schwab Review eToro Review
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Trading Fees

Feature Charles Schwab eToro
Minimum Deposit $0.00 $10.00
Stock Trades $0.00 $0.00
ETF Trade Fee $0.00 $0.00
Mutual Fund Trade Fee $49.95 $0.00
Options (Base Fee) $0.00 $0.00
Options (Per Contract) $0.65 $0.00
Futures (Per Contract) $2.25 $0.00
Broker Assisted Trade Fee $25.00 $0.00

Margin Rates

Feature Charles Schwab eToro
Under $24,999.99 8.33% 0.00%
$25,000.00 to $49,999.99 7.83% 0.00%
$50,000.00 to $99,999.99 6.88% 0.00%
$100,000.00 to $249,999.99 6.83% 0.00%
$250,000.00 to $499,999.99 6.58% 0.00%
$500,000.00 to $999,999.99 5.08% 0.00%
Above $1,000,000.00 4.75% 0.00%

Account Fees

Feature Charles Schwab eToro
IRA Annual Fee $0.00 $0.00
IRA Closure Fee $0.00 $0.00
Account Transfer Out (Partial)
 $25.00 $0.00
Account Transfer Out (Full)
 $50.00 $0.00

Investment Options

Feature Charles Schwab eToro
Stock Trading
 Yes No
Fractional Shares
 Yes Yes
OTCBB / Pink Sheets
 Yes No
Options Trading
 Yes No
Complex Options Max Legs
 4
Futures Trading
 Yes No
Forex Trading
 No No
Crypto Trading
 No Yes
Crypto Trading - Total Coins
 0 24
Mutual Funds (No Load)
 7537
Mutual Funds (Total)
 10228
Bonds (US Treasury)
 Yes No
Bonds (Corporate)
 Yes No
Bonds (Municipal)
 Yes No
Advisor Services
 Yes No
International Trading
 Yes No

Order Types

Feature Charles Schwab eToro
Order Type - Market
 Yes Yes
Order Type - Limit
 Yes No
Order Type - After-Hours
 Yes No
Order Type - Stop
 Yes Yes
Order Type - Trailing Stop
 Yes Yes
Order Type - OCO
 Yes No
Order Type - OTO
 Yes No
Order Type - Broker Assisted
 Yes No

Beginners

Feature Charles Schwab eToro
Education (Stocks)
 Yes No
Education (ETFs)
 Yes No
Education (Options)
 Yes No
Education (Mutual Funds)
 Yes No
Education (Bonds)
 Yes No
Education (Retirement)
 Yes No
Retirement Calculator
 Yes No
Investor Dictionary
 Yes No
Paper Trading
 No Yes
Videos
 Yes No
Webinars (Monthly Avg)
 100
Webinars (Archived)
 Yes No
Progress Tracking
 No No
Interactive Learning - Quizzes
 No No

Stock Trading Apps

Feature Charles Schwab eToro
iPhone App
 Yes Yes
Android App
 Yes No
Apple Watch App
 Yes No
Trading - Stocks
 Yes Yes
Trading - After-Hours
 Yes No
Trading - Simple Options
 Yes No
Trading - Complex Options
 Yes No
Order Ticket RT Quotes
 Yes Yes
Order Ticket SRT Quotes
 No Yes

Stock App Features

Feature Charles Schwab eToro
Market Movers (Top Gainers)
 Yes Yes
Stream Live TV
 Yes No
Videos on Demand
Yes No
Stock Alerts
 No Yes
Option Chains Viewable
 Yes No
Watch List (Real-time)
 Yes Yes
Watch List (Streaming)
 No Yes
Watch Lists - Create & Manage
 Yes Yes
Watch Lists - Column Customization
 No No
Watch List - Column Filtering
 No No

Stock App Charting

Feature Charles Schwab eToro
Charting - After-Hours
 No No
Charting - Can Turn Horizontally
 Yes No
Charting - Multiple Time Frames
 Yes Yes
Charting - Technical Studies
 32 5
Charting - Study Customizations
Yes Yes
Charting - Stock Comparisons
 Yes No

Trading Platforms

Feature Charles Schwab eToro
Desktop Trading Platform
 Yes No
Web Trading Platform
 Yes Yes
Paper Trading
 No Yes
Trade Journal
 Yes No
Watch Lists - Total Fields
 130 7

Stock Chart Features

Feature Charles Schwab eToro
Charting - Adjust Trades on Chart
 Yes No
Charting - Indicators / Studies
 41 46
Charting - Drawing Tools
 15
Charting - Notes
 Yes No
Charting - Index Overlays
 Yes Yes
Charting - Historical Trades
 No No
Charting - Corporate Events
 Yes No
Charting - Custom Date Range
 Yes No
Charting - Custom Time Bars
 Yes No
Charting - Automated Analysis
 Yes No
Charting - Save Profiles
 Yes Yes
Trade Ideas - Technical Analysis
 Yes No
Charting - Study Customizations
 7
Charting - Custom Studies
 No No

Day Trading

Feature Charles Schwab eToro
Streaming Time & Sales
 Yes Yes
Streaming TV
 Yes No
Direct Market Routing - Stocks
 Yes No
Ladder Trading
 No No
Trade Hot Keys
 Yes No
Level 2 Quotes - Stocks
 Yes No
Trade Ideas - Backtesting
 Yes No
Trade Ideas - Backtesting Adv
 No No
Short Locator
 Yes No
Order Liquidity Rebates
 No No

Research Overview

Feature Charles Schwab eToro
Research - Stocks
 Yes Yes
Research - ETFs
 Yes Yes
Research - Mutual Funds
 Yes No
Research - Pink Sheets / OTCBB
 Yes No
Research - Bonds
 Yes No
Screener - Stocks
 Yes No
Screener - ETFs
 Yes No
Screener - Mutual Funds
 Yes No
Screener - Options
 Yes No
Screener - Bonds
 Yes No
Misc - Portfolio Allocation
 Yes No

Stock Research

Feature Charles Schwab eToro
Stock Research - PDF Reports
 8
Stock Research - Earnings
 Yes Yes
Stock Research - Insiders
 Yes Yes
Stock Research - SEC Filings
 Yes Yes
Stock Research - Social
 Yes Yes
Stock Research - Balance Sheet
 Yes No
Stock Research - Cash Flows
 Yes No
Stock Research - News
 Yes Yes
Stock Research - ESG
 No No

ETF Research

Feature Charles Schwab eToro
ETFs - Strategy Overview
 Yes Yes
ETF Fund Facts - Inception Date
 Yes No
ETF Fund Facts - Expense Ratio
 Yes No
ETF Fund Facts - Net Assets
 Yes No
ETF Fund Facts - Total Holdings
 Yes No
ETFs - Top 10 Holdings
 Yes No
ETFs - Performance Analysis
 Yes No
ETFs - Sector Exposure
 Yes No
ETFs - Risk Analysis
 Yes No
ETFs - Ratings
 Yes Yes
ETFs - Morningstar StyleMap
 Yes No
ETFs - PDF Reports
 Yes No

Mutual Fund Research

Feature Charles Schwab eToro
Mutual Funds - Strategy Overview
 Yes No
Mutual Funds - Performance Chart
 Yes No
Mutual Funds - Performance Analysis
 Yes No
Mutual Funds - Prospectus
 Yes No
Mutual Funds - PDF Reports
 Yes No
Mutual Funds - Fees Breakdown
 Yes No
Mutual Funds - Top 10 Holdings
 Yes No
Mutual Funds - Asset Allocation
 Yes No
Mutual Funds - Sector Allocation
 Yes No
Mutual Funds - Country Allocation
 Yes No
Mutual Funds - StyleMap
 Yes No
Mutual Funds - 3rd Party Ratings
 Yes No

Options Trading

Feature Charles Schwab eToro
Option Chains - Basic View
 Yes No
Option Chains - Strategy View
 Yes No
Option Chains - Streaming
 Yes No
Option Chains - Total Columns
 44
Option Chains - Greeks
5
Option Positions - Greeks Streaming
 Yes No
Option Chains - Quick Analysis
 Yes No
Option Analysis - P&L Charts
 Yes No
Option Probability Analysis
 Yes No
Option Probability Analysis Adv
 Yes No
Option Positions - Greeks
Yes No
Option Positions - Adv Analysis
 Yes No
Option Positions - Rolling
 Yes No
Option Positions - Grouping
 Yes No

Banking

Feature Charles Schwab eToro
Bank (Member FDIC)
 Yes No
Checking Accounts
 Yes No
Savings Accounts
 Yes No
Credit Cards
 Yes No
Debit Cards
 Yes No
Mortgage Loans
 Yes No

Customer Service

Feature Charles Schwab eToro
Phone Support (Prospect Customers)
 Yes No
Phone Support (Current Customers)
 Yes No
Email Support
 Yes No
Live Chat (Prospect Customers)
 No No
Live Chat (Current Customers)
 Yes No
24/7 Support
 Yes No

Overall

Feature Charles Schwab eToro
Overall 4.5 3
Commissions & Fees 4.5 4
Offering of Investments 5 2
Platforms & Tools 4.5 2.5
Mobile Trading Apps 4 2.5
Research 5 2.5
Education 4 3.5
Ease of Use 4.5 4
Charles Schwab Review eToro Review
Winner check_circle

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?
Charles Schwab is better for beginner investors than eToro. Charles Schwab offers investors access to Videos, Education (Stocks), Education (ETFs), Education (Options), Education (Mutual Funds), Education (Bonds) and Education (Retirement).

What about Charles Schwab vs eToro pricing?
Charles Schwab and eToro have equal fees for trading stocks (equities), $0 per trade. Looking at options, the base fees charged are the same for both brokers, $0. Each option contract then costs $0.65 at Charles Schwab and $0 at eToro. For a complete commissions summary, see our best discount brokers guide.

Does Charles Schwab or eToro offer a wider range of investment options?
Charles Schwab offers a more diverse selection of investment options than eToro. Charles Schwab offers investors access to Stock Trading, Fractional Shares, OTCBB / Pink Sheets, Options Trading, Mutual Funds, Futures Trading, Advisor Services and International Trading. Looking at Mutual Funds, eToro trails Charles Schwab by 10,228 total mutual funds, with Charles Schwab offering 10228 and eToro offering .

Which trading platform is better: Charles Schwab or eToro?
To compare the trading platforms of both 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 Charles Schwab 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. Clients can have Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans at Charles Schwab while customers at eToro can have none of these.

Overall winner: Charles Schwab

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All pricing data was obtained from a published web site as of 01/10/2022 and is believed to be accurate, but is not guaranteed. For stock trade rates, advertised pricing is for a standard order size of 500 shares of stock priced at $30 per share. For options orders, an options regulatory fee per contract may apply.

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