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Charles Schwab vs E*TRADE 2026

StockBrokers.com

Written by StockBrokers.com

September 17, 2025

In this head to head comparison of Charles Schwab vs E*TRADE, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

Charles Schwab
5/5 Stars Overall
  • Minimum Deposit: $0.00
  • Stock Trades: $0.00
  • Options (Per Contract): $0.65
E*TRADE
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4.5/5 Stars Overall
  • Minimum Deposit: $0.00
  • Stock Trades: $0.00
  • Options (Per Contract): $0.65

Range of investments

Charles Schwab vs E*TRADE: both online brokers cover the essentials and earn 4.5 out of 5 stars for Range of Investments. Schwab gets a slight edge for offering fractional shares and forex, and it ranks #3 of 14 at StockBrokers.com, just ahead of E*TRADE at #4. If you want forex or the flexibility to buy fractional shares, Schwab is the better fit; if those aren’t must-haves, either broker will meet most everyday investing needs.

Investment options line up closely. Both Charles Schwab and E*TRADE offer stock trading, margin trading, OTC stocks, mutual funds, options, and futures. Only Schwab supports fractional share trading. Only Schwab offers forex trading. Neither broker offers crypto trading, and each provides 0 coins.

Account choices and support are also similar. Both brokers offer Traditional IRA and Roth IRA accounts, and both provide advisor services to help you plan and invest with guidance.

Feature Charles Schwab logoCharles Schwab
E*TRADE logoE*TRADE
Stock Trading info Yes Yes
Account Feature - Margin Trading info Yes Yes
Fractional Shares (Stocks) info Yes No
OTC Stocks info Yes Yes
Mutual Funds info Yes Yes
Options Trading info Yes Yes
Futures Trading info Yes Yes
Crypto Trading info No No
Crypto Trading - Total Coins info 0 0
Range of Investments 4.5/5 Stars 4.5/5 Stars

Dive deeper: Best Options Trading Platforms for 2026, Best Futures Trading Platforms for 2026

Trading platforms and tools

Bottom line: Both Charles Schwab and E*TRADE deliver full-featured trading platforms across desktop and web, but Schwab wins for depth and customization. Schwab is rated 4.5 stars and ranked #1 out of 14 brokers for trading platforms and tools by StockBrokers.com, while E*TRADE earns 4 stars and ranks #6. If you value the widest range of tools, data fields, and fine-tuning, Schwab is the stronger pick; if you want an easy-to-use platform with plenty of chart drawing options, E*TRADE remains a solid choice.

Access is similar on both brokers: downloadable platforms for Windows and Mac, a browser-based platform, and paper trading. Each platform lets you adjust open orders directly on charts, add notes, show your past trades, display corporate events like earnings and dividends, set custom date ranges, run automated chart pattern recognition, and save multiple chart profiles. E*TRADE offers more drawing tools (37 vs. Schwab’s 24), which traders who annotate charts heavily may appreciate.

Schwab pulls ahead on analytics and customization. It supports 580 watchlist columns versus E*TRADE’s 43, offers 374 technical indicators versus 121, and provides 35 fields when editing a simple moving average (E*TRADE has 8). Schwab also includes a built-in trading journal and the ability to create custom studies—two features E*TRADE does not offer. For traders who want deeper control and more data, Schwab’s toolset is the more capable choice.

Feature Charles Schwab logoCharles Schwab
E*TRADE logoE*TRADE
Web Trading Platform info Yes Yes
Desktop Trading Platform info Yes Yes
Desktop Platform (Mac) info Yes Yes
Paper Trading info Yes Yes
Watchlists - Total Fields info 580 43
Charting - Indicators / Studies info 374 121
Charting - Drawing Tools info 24 37
Advanced Trading 4.5/5 Stars 4/5 Stars

Dive deeper: Best Stock Brokers for 2026, Best Paper Trading Apps & Platforms for 2026

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Beginners and education

Charles Schwab and E*TRADE both give beginner investors a full set of learning tools. Each broker covers stocks, ETFs, options, mutual funds, and bonds, and both include paper trading so you can practice without risking real money. You’ll also find on-demand videos and live webinars at both. The key differences: Charles Schwab adds interactive quizzes and lets you track your learning progress over time, while E*TRADE does not offer quizzes or progress tracking.

For education quality, Charles Schwab earns 5 stars and is ranked #2 out of 14 brokers by StockBrokers.com. E*TRADE earns 4 stars and is ranked #5 out of 14. If you want a structured path with quizzes and progress tracking, Schwab is the better fit. If you just need clear lessons, videos, webinars, and paper trading, E*TRADE remains a strong choice for learning how to invest.

Feature Charles Schwab logoCharles Schwab
E*TRADE logoE*TRADE
Education (Stocks) info Yes Yes
Education (ETFs) info Yes Yes
Education (Options) info Yes Yes
Education (Mutual Funds) info Yes Yes
Education (Fixed Income) info Yes Yes
Videos info Yes Yes
Webinars info Yes Yes
Education 5/5 Stars 4/5 Stars

Dive deeper: Best Stock Trading Platforms for Beginners of 2026

Stock trading apps

Bottom line: Charles Schwab edges out E*TRADE for stock trading apps. Schwab earns 5 stars and ranks #1 out of 14 brokers at StockBrokers.com, while E*TRADE scores 4.5 stars and ranks #5. Both apps are feature-packed and easy to use, but Schwab pulls ahead with deeper charting tools and extra learning content, making it a better fit for traders who want more analysis without giving up everyday convenience.

Both Charles Schwab and E*TRADE offer iPhone, Android, and Apple Watch apps. You’ll find streaming quotes, streaming live TV, mobile options trading, stock alerts, and custom watchlists with column customization on both platforms. Schwab supports mobile after-hours stock trading; the availability of in-app after-hours trading for E*TRADE isn’t confirmed here, so check the latest details in the app.

Charting is strong on both apps, with after-hours charting, landscape mode, multiple time frames, and the ability to compare stocks on the same chart. Schwab stands out for depth, offering 373 technical studies compared with E*TRADE’s 107. For education and research, Schwab also provides videos on demand, while E*TRADE does not.

Feature Charles Schwab logoCharles Schwab
E*TRADE logoE*TRADE
iPhone App info Yes Yes
Android App info Yes Yes
Apple Watch App info Yes Yes
Stock Alerts info Yes Yes
Charting - After-Hours info Yes Yes
Charting - Technical Studies info 373 107
Mobile Trading Apps 5/5 Stars 4.5/5 Stars

Dive deeper: Best Stock Trading Apps for 2026

Fees

When comparing Charles Schwab and E*TRADE for account fees and charges, both brokers offer a competitive range of services, making them attractive options for investors looking for cost-effective trading. Both platforms require no minimum deposit to open an account and offer commission-free trading for regular stock transactions. Additionally, each broker charges a standard $0.65 fee per options contract. This means that in many of the most common trading scenarios, Schwab and E*TRADE provide similar user experiences in terms of fees.

For investors considering margin accounts, differences start to emerge. Charles Schwab offers lower rates on margin balances across various tiers. For balances below $25,000, Schwab charges 12.58% compared to E*TRADE's 12.95%. At balances between $25,000 and $49,999, Schwab's rates drop to 12.08%, while E*TRADE’s rates are slightly higher at 12.7%. As balances increase to between $50,000 and $99,999, Schwab charges 11.13% compared to E*TRADE's 12.2%. These distinctions could lead to significant savings for those who frequently use margin investments.

Other fee considerations include costs related to Individual Retirement Accounts (IRAs) and account transfers. Both Charles Schwab and E*TRADE charge no annual fee for IRA accounts, nor do they charge for IRA closure. When it comes to account transfers, both brokers charge nothing for partial transfers; however, Schwab charges $50 for a full account transfer compared to the higher $75 fee at E*TRADE. These finer details might be pivotal for investors who anticipate making frequent shifts or who prioritize keeping transfer costs low.

Feature Charles Schwab logoCharles Schwab
E*TRADE logoE*TRADE
Minimum Deposit info $0.00 $0.00
Stock Trades info $0.00 $0.00
Options (Per Contract) info $0.65 $0.65
Options Exercise Fee info $0.00 $0.00
Options Assignment Fee info $0.00 $0.00
IRA Annual Fee info $0.00 $0.00
IRA Closure Fee info $0.00 $0.00

Dive deeper: Best Free Trading Platforms for 2026

Day Trading

When comparing Charles Schwab and E*TRADE for day trading, both platforms offer several convenient features that cater to active traders. Charles Schwab and E*TRADE provide essential tools such as streaming time and sales data, streaming live TV, direct market routing, trading hotkeys, and level 2 quotes, ensuring that traders have access to real-time market information and enhanced trading functionality. However, if ladder trading is important to you, Charles Schwab has the edge, as E*TRADE does not offer this feature. Additionally, Charles Schwab provides both basic and advanced strategy backtesting, which can be a game-changer for traders looking to refine their strategies, while E*TRADE does not offer such capabilities.

For traders looking to short sell, Charles Schwab stands out with its short locator tool, offering customers real-time views of share availability for shorting. This feature is not available on E*TRADE, potentially making Charles Schwab more appealing for those who frequently engage in short selling. However, both platforms lack order liquidity rebates, a factor that might affect active traders looking for incentives from their transactions. Ultimately, choosing between Charles Schwab and E*TRADE for day trading might come down to which specific features align best with your personal trading needs and strategies.

Feature Charles Schwab logoCharles Schwab
E*TRADE logoE*TRADE
Streaming Time & Sales info Yes Yes
Streaming TV info Yes Yes
Direct Market Routing - Equities info Yes Yes
Level 2 Quotes - Stocks info Yes Yes info
Trade Ideas - Backtesting info Yes No
Trade Ideas - Backtesting Adv info Yes No
Short Locator info Yes No

Dive deeper: Best Day Trading Platforms of 2026 for Beginners and Active Traders

Market Research

For market research, Charles Schwab and E*TRADE are neck and neck: both earn 4.5 out of 5 stars. StockBrokers.com ranks Schwab #2 of 14 brokers and E*TRADE #3. Choose Schwab if ESG research is important to you; choose E*TRADE if you want more downloadable reports for stocks and mutual funds. Either way, you’ll get deep coverage, practical screeners, and clear portfolio views.

Both brokers cover the core asset types: stock research, ETF research, mutual fund research, bond research, and Pink Sheets/OTCBB research. Each lets you view portfolio allocation by asset class and includes stock research signals from social media sentiment. Trade-idea tools are well-rounded on both platforms, with screeners for stocks, ETFs, mutual funds, and bonds. Each also offers downloadable PDF research reports for ETFs.

Key differences come down to reports and ESG. Schwab provides 7 downloadable PDF research reports for stocks, while E*TRADE offers 8. For mutual funds, E*TRADE supplies downloadable PDF reports; Schwab does not. ESG (Environmental, Social, and Governance) research is available at Schwab but not at E*TRADE. If you want ESG insights, go Schwab; if you want more stock and mutual fund PDFs, go E*TRADE.

Feature Charles Schwab logoCharles Schwab
E*TRADE logoE*TRADE
Research - Stocks info Yes Yes
Screener - Stocks info Yes Yes
Research - ETFs info Yes Yes
Screener - ETFs info Yes Yes
Research - Mutual Funds info Yes Yes
Screener - Mutual Funds info Yes Yes
Research - Fixed Income info Yes Yes
Screener - Fixed Income info Yes Yes
Research 4.5/5 Stars 4.5/5 Stars

Banking

When comparing the banking capabilities of Charles Schwab and E*TRADE, both online brokers offer a comprehensive range of services that cater to everyday financial needs. Charles Schwab and E*TRADE each provide checking and savings accounts, making it easy for customers to manage their finances. Both companies also offer debit and credit card options, allowing for convenient access to funds and flexible payment options. For those interested in securing a home, both brokers provide mortgage loan options. Additionally, Charles Schwab and E*TRADE offer certificates of deposit (CDs), providing opportunities for customers to save with potentially higher interest rates. This makes both platforms versatile choices for users looking for a one-stop solution for banking and investment needs.

Feature Charles Schwab logoCharles Schwab
E*TRADE logoE*TRADE
Checking Accounts info Yes Yes
Savings Accounts info Yes Yes
Debit Cards info Yes Yes
Credit Cards info Yes Yes
Mortgage Loans info Yes Yes
Brokerage CDs info Yes Yes

Dive deeper: Best Brokerage Checking Accounts for 2026

Winner

After opening live accounts and testing 14 of the best online brokers, our research and live account testing finds that Charles Schwab is better than E*TRADE. Charles Schwab finished with an overall score of 93.3%, while E*TRADE finished with a score of 86.0%.

For most investors, the search for a great broker ends with Charles Schwab. Retaining the #1 Overall ranking in 2026, Schwab continues to set the industry standard. The broker uniquely balances scale with sophistication, offering both simplified mobile tools and the professional-grade thinkorswim platform. From buying a first fractional share to managing a multimillion-dollar estate, Schwab provides a platform tailored to every need, serving as the definitive operating system for modern wealth.

FAQs

Can you trade cryptocurrency with Charles Schwab or E*TRADE?

Both Charles Schwab and E*TRADE currently do not offer crypto trading, providing their users with zero coin options in the cryptocurrency market.

Dive deeper: Best Online Brokers for Crypto Trading in 2026

Does Charles Schwab or E*TRADE offer IRAs?

Charles Schwab and E*TRADE both offer traditional and Roth IRA accounts with no annual or closure fees, providing cost-effective retirement savings solutions for investors.

Dive deeper: Best IRA Accounts for 2026

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Compare

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Overall Rating Charles Schwab E*TRADE
Overall 5/5 Stars 4.5/5 Stars
Range of Investments 4.5/5 Stars 4.5/5 Stars
Advanced Trading 4.5/5 Stars 4/5 Stars
Mobile Trading Apps 5/5 Stars 4.5/5 Stars
Research 4.5/5 Stars 4.5/5 Stars
Customer Service 4.5/5 Stars 3.5/5 Stars
Education 5/5 Stars 4/5 Stars
Ease of Use 4.5/5 Stars 4/5 Stars
Winner check_circle
Review Charles Schwab Review E*TRADE Review
Broker Screenshots Charles Schwab E*TRADE
Broker Gallery (click to expand)
Trading Fees Charles Schwab E*TRADE
Minimum Deposit info $0.00 $0.00
Stock Trades info $0.00 $0.00
Penny Stock Fees (OTC) info $6.95 $6.95 info
Mutual Fund Trade Fee info Varies $0.00
Options (Per Contract) info $0.65 $0.65
Futures (Per Contract) info $2.25 $1.50
Broker Assisted Trade Fee info $25 $25
Margin Rates Charles Schwab E*TRADE
Margin Rate Under $25,000 info 12.58% 12.95% info
Margin Rate $25,000 to $49,999.99 info 12.08% 12.7%
Margin Rate $50,000 to $99,999.99 info 11.13% 12.2%
Margin Rate $100,000 to $249,999.99 info 11.08% 11.7%
Margin Rate $250,000 to $499,999.99 info 10.83% 11.2%
Margin Rate $500,000 to $999,999.99 info Varies info Varies info
Margin Rate Above $1,000,000 info Varies info Varies info
Account Fees Charles Schwab E*TRADE
IRA Annual Fee info $0.00 $0.00
IRA Closure Fee info $0.00 $0.00
Account Transfer Out (Partial) info $0.00 $0.00
Account Transfer Out (Full) info $50.00 $75.00
Options Exercise Fee info $0.00 $0.00
Options Assignment Fee info $0.00 $0.00
Investment Options Charles Schwab E*TRADE
Stock Trading info Yes Yes
Account Feature - Margin Trading info Yes Yes
Fractional Shares (Stocks) info Yes No
OTC Stocks info Yes Yes
Options Trading info Yes Yes
Complex Options Max Legs info 4 4
Futures Trading info Yes Yes
Forex Trading info Yes No
Crypto Trading info No No
Crypto Trading - Total Coins info 0 0
Fixed Income (Treasurys) info Yes Yes
Fixed Income (Corporate Bonds) info Yes Yes
Fixed Income (Municipal Bonds) info Yes Yes
Traditional IRAs info Yes Yes
Roth IRAs info Yes Yes
Advisor Services info Yes Yes
International Countries (Stocks) info 12 0
Order Types Charles Schwab E*TRADE
Order Type - Market info Yes Yes
Order Type - Limit info Yes Yes
Order Type - After Hours info Yes Yes
Order Type - Stop info Yes Yes
Order Type - Trailing Stop info Yes Yes
Order Type - OCO info Yes Yes
Order Type - OTO info Yes Yes
Order Type - Broker Assisted info Yes Yes
Beginners Charles Schwab E*TRADE
Education (Stocks) info Yes Yes
Education (ETFs) info Yes Yes
Education (Options) info Yes Yes
Education (Mutual Funds) info Yes Yes
Education (Fixed Income) info Yes Yes
Education (Retirement) info Yes Yes
Retirement Calculator info Yes Yes
Investor Dictionary info Yes Yes
Paper Trading info Yes Yes
Videos info Yes Yes
Webinars info Yes Yes
Progress Tracking info Yes No
Interactive Learning - Quizzes info Yes No
Stock Trading Apps Charles Schwab E*TRADE
iPhone App info Yes Yes
Android App info Yes Yes
Apple Watch App info Yes Yes
Trading - Stocks info Yes Yes
Trading - After-Hours info Yes Yes
Trading - Simple Options info Yes Yes
Trading - Complex Options info Yes Yes
Order Ticket RT Quotes info Yes Yes
Order Ticket SRT Quotes info Yes Yes
Stock App Features Charles Schwab E*TRADE
Mobile Research - Market Movers info Yes Yes
Stream Live TV info Yes Yes
Videos on Demand info Yes No
Stock Alerts info Yes Yes
Option Chains Viewable info Yes Yes
Watchlist (Real-time) info Yes Yes
Watchlist (Streaming) info Yes Yes
Mobile Watchlists - Create & Manage info Yes Yes
Mobile Watchlists - Column Customization info Yes Yes
Stock App Charting Charles Schwab E*TRADE
Charting - After-Hours info Yes Yes
Charting - Can Turn Horizontally info Yes Yes
Charting - Multiple Time Frames info Yes Yes
Charting - Technical Studies info 373 107
Charting - Study Customizations info Yes Yes
Charting - Stock Comparisons info Yes Yes
Trading Platforms Charles Schwab E*TRADE
Active Trading Platform info thinkorswim info Power E*TRADE
Desktop Trading Platform info Yes Yes
Desktop Platform (Mac) info Yes Yes
Web Trading Platform info Yes Yes
Paper Trading info Yes Yes
Trade Journal info Yes No
Watchlists - Total Fields info 580 43
Stock Chart Features Charles Schwab E*TRADE
Charting - Adjust Trades on Chart info Yes Yes
Charting - Indicators / Studies info 374 121
Charting - Drawing Tools info 24 37
Charting - Notes info Yes Yes
Charting - Historical Trades info Yes Yes
Charting - Corporate Events info Yes Yes
Charting - Custom Date Range info Yes Yes
Charting - Custom Time Bars info Yes No
Charting - Automated Analysis info Yes Yes
Charting - Save Profiles info Yes Yes
Trade Ideas - Technical Analysis info Yes Yes
Charting - Study Customizations info 35 8
Charting - Custom Studies info Yes No
Day Trading Charles Schwab E*TRADE
Streaming Time & Sales info Yes Yes
Streaming TV info Yes Yes
Direct Market Routing - Equities info Yes Yes
Ladder Trading info Yes No
Trade Hot Keys info Yes Yes
Level 2 Quotes - Stocks info Yes Yes info
Trade Ideas - Backtesting info Yes No
Trade Ideas - Backtesting Adv info Yes No
Short Locator info Yes No
Order Liquidity Rebates info No No
Research Overview Charles Schwab E*TRADE
Research - Stocks info Yes Yes
Research - ETFs info Yes Yes
Research - Mutual Funds info Yes Yes
Research - Pink Sheets / OTCBB info Yes Yes
Research - Fixed Income info Yes Yes
Screener - Stocks info Yes Yes
Screener - ETFs info Yes Yes
Screener - Mutual Funds info Yes Yes
Screener - Fixed Income info Yes Yes
Portfolio Asset Allocation info Yes Yes
Stock Research Charles Schwab E*TRADE
Stock Research - PDF Reports info 7 8
Stock Research - Earnings info Yes Yes
Stock Research - Insiders info Yes Yes
Stock Research - Social info Yes Yes
Stock Research - News info Yes Yes
Stock Research - ESG info Yes No
Stock Research - SEC Filings info Yes Yes
ETF Research Charles Schwab E*TRADE
ETFs - Investment Objective info Yes Yes
ETF Fund Facts - Inception Date info Yes Yes
ETF Fund Facts - Expense Ratio info Yes Yes
ETF Fund Facts - Total Assets info Yes Yes
ETF Fund Facts - Total Holdings info Yes Yes
ETFs - Top 10 Holdings info Yes Yes
ETFs - Sector Exposure info Yes Yes
ETFs - Risk Analysis info Yes Yes
ETFs - Ratings info Yes Yes
ETFs - Morningstar StyleMap info Yes Yes
ETFs - PDF Reports info Yes Yes
Mutual Fund Research Charles Schwab E*TRADE
Mutual Funds - Investment Objective info Yes Yes
Mutual Funds - Performance Chart info Yes Yes
Mutual Funds - Performance Analysis info Yes Yes
Mutual Funds - Prospectus info Yes Yes
Mutual Funds - 3rd Party Ratings info Yes Yes
Mutual Funds - Fees Breakdown info Yes Yes
Mutual Funds - Top 10 Holdings info Yes Yes
Mutual Funds - Asset Allocation info Yes Yes
Mutual Funds - Sector Allocation info Yes Yes
Mutual Funds - Country Allocation info Yes Yes
Mutual Funds - StyleMap info Yes Yes
Options Trading Charles Schwab E*TRADE
Option Chains - Total Greeks info 5 5
Option Analysis - P&L Charts info Yes Yes
Banking Charles Schwab E*TRADE
Bank (Member FDIC) info Yes Yes
Checking Accounts info Yes Yes
Savings Accounts info Yes Yes
Credit Cards info Yes Yes
Debit Cards info Yes Yes
Mortgage Loans info Yes Yes
Customer Service Charles Schwab E*TRADE
Phone Support (Prospective Customers) info Yes Yes
Phone Support (Current Customers) info Yes Yes
Email Support info Yes Yes
Live Chat (Prospective Customers) info No No
Live Chat (Current Customers) info Yes Yes
24/7 Support info Yes Yes
Overall Charles Schwab E*TRADE
Overall 5/5 Stars 4.5/5 Stars
Range of Investments 4.5/5 Stars 4.5/5 Stars
Advanced Trading 4.5/5 Stars 4/5 Stars
Mobile Trading Apps 5/5 Stars 4.5/5 Stars
Research 4.5/5 Stars 4.5/5 Stars
Education 5/5 Stars 4/5 Stars
Ease of Use 4.5/5 Stars 4/5 Stars
Winner check_circle
Review Charles Schwab Review E*TRADE Review
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