Charles Schwab vs E*TRADE Review
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 5,000 data points, let's compare Charles Schwab vs E*TRADE.
To start this comparison, first, we will take a look at the online broker commission rates for placing regular stock and options trades. E*TRADE, with its regular stock trades costing $6.95, is more expensive than Charles Schwab's rate of $4.95 per trade. Looking at trading options, Charles Schwab's base fee is $4.95 while E*TRADE's is $6.95. Option contracts are pricier at E*TRADE, costing $0.75 versus $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. Both Charles Schwab and E*TRADE support Stock Trading, Options Trading, Mutual Funds and Futures Trading. Looking at mutual funds, Charles Schwab trails E*TRADE by 3,489 total mutual funds, with E*TRADE offering 8998 and Charles Schwab offering 5509. Commission free ETFs can also be valuable for customers, with Charles Schwab having the upper hand thanks to its 244 available commission free ETFs compared to E*TRADE's offering of 225.
Trading access aside, by comparing popular features and functionality, we can break down relevant differences between both brokers. Charles Schwab nor E*TRADE offers virtual trading. Taking a look at mobile trading, Charles Schwab and E*TRADE both have a 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. Clients can have Checking Accounts and Debit Cards at E*TRADE while customers at Charles Schwab can have Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans. On the whole, when it comes to tools, research, and mobile trading, Charles Schwab finished with awards Best in Class - Platforms & Tools and Best in Class - Research, while E*TRADE came up with Best in Class - Research.
Overall, both Charles Schwab and E*TRADE hold a 4.50 star rating.
To start this comparison, first, we will take a look at the online broker commission rates for placing regular stock and options trades. E*TRADE, with its regular stock trades costing $6.95, is more expensive than Charles Schwab's rate of $4.95 per trade. Looking at trading options, Charles Schwab's base fee is $4.95 while E*TRADE's is $6.95. Option contracts are pricier at E*TRADE, costing $0.75 versus $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. Both Charles Schwab and E*TRADE support Stock Trading, Options Trading, Mutual Funds and Futures Trading. Looking at mutual funds, Charles Schwab trails E*TRADE by 3,489 total mutual funds, with E*TRADE offering 8998 and Charles Schwab offering 5509. Commission free ETFs can also be valuable for customers, with Charles Schwab having the upper hand thanks to its 244 available commission free ETFs compared to E*TRADE's offering of 225.
Trading access aside, by comparing popular features and functionality, we can break down relevant differences between both brokers. Charles Schwab nor E*TRADE offers virtual trading. Taking a look at mobile trading, Charles Schwab and E*TRADE both have a 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. Clients can have Checking Accounts and Debit Cards at E*TRADE while customers at Charles Schwab can have Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans. On the whole, when it comes to tools, research, and mobile trading, Charles Schwab finished with awards Best in Class - Platforms & Tools and Best in Class - Research, while E*TRADE came up with Best in Class - Research.
Overall, both Charles Schwab and E*TRADE hold a 4.50 star rating.
Overall
Commissions & Fees
Offering of Investments
Platforms & Tools
Research
Customer Service
Mobile Trading
Ease of Use
Education
Order Execution
Banking
Minimum Deposit
Stock Trade Fee (flat)
Options Base Fee
Options Per Contract Fee
Mutual Fund Trade Fee
Broker Assisted Trades Fee
IRA Annual Fee
IRA Closure Fee
Advantage
Stock Trading
OTCBB / Pink Sheets
Options Trading
Complex Options Max Legs
Futures Trading
Forex Trading
Commission Free ETFs
Mutual Funds (No Load)
Mutual Funds (Total)
Bonds (US Treasury)
Bonds (Corporate)
Bonds (Municipal)
Advisor Services
International Trading
Advantage
Order Type - Market
Order Type - Limit
Order Type - Stop
Order Type - Trailing Stop
Order Type - Contingent
Order Type - MultiContingent
Order Type - OCO
Order Type - OTO
Order Type - OTOCO
Order Type - Algo
Advantage
Desktop Platform (Windows)
Desktop Platform (Mac)
Web Platform
Virtual Trading
Watch Lists - Total Fields
Two-Factor Authentication Login
Charting - Trade Off Chart
Charting - Drawing Tools
Charting - Indicators / Studies
Charting - Historical Trades
Charting - Save Profiles
Charting - Study Customizations
Charting - Custom Studies
Option Chains - Total Columns
Option Chains - Greeks Viewable
Option Analysis - P&L Charts
Option Positions - Rolling
Heat Mapping
Advantage
Stock Alerts - Basic Fields
Stock Alerts - Advanced Fields
Streaming Time & Sales
Streaming TV
Direct Market Routing - Stocks
Direct Market Routing - Options
Ladder Trading
Trade Hot Keys
Level 2 Quotes - Stocks
Level 2 Quotes - Options
Trade Ideas - Backtesting
Client Liquidity Rebates
Advantage
Screener - Stocks
Screener - ETFs
Screener - Mutual Funds
Screener - Options
Screener - Bonds
Misc - Portfolio Allocation
Misc - Portfolio Builder
Equity Research - Earnings
Equity Research - SEC Filings
Equity Research - Insiders
Equity Research - Social
Equity Research - Reports
ETF Research - Top 10 Holdings
ETF Research - Reports
ETF Research - Ratings
Mutual Fund Research - Reports
Advantage
iPhone App
iPad App
Android App
Android Tablet App
Apple Watch App
Trading - Stocks
Trading - After-Hours
Trading - Conditional Orders
Trading - Mutual Funds
Trading - Simple Options
Trading - Complex Options
Trading - Option Rolling
Touch ID
Watch List Syncing
Stock Alerts - Basic Fields
Stock Alerts - Advanced Fields
Charting - After Hours
Charting - Study Customizations
Customizable Homescreen
Heatmapping
Stream Live TV
Barcode Lookup
Advantage
Retail Locations
Member FDIC
Checking Accounts
Savings Accounts
Credit Cards
Debit Cards
Mortgage Loans
No Fee Banking
Advantage
Under $24,999.99
$25,000.00 to $49,999.99
$50,000.00 to $99,999.99
$100,000.00 to $249,999.99
$250,000.00 to $499,999.99
$500,000.00 to $999,999.99
Above $1,000,000.00
Advantage
Has Education - Stocks
Has Education - ETFs
Has Education - Options
Has Education - Mutual Funds
Has Education - Fixed Income
Has Education - Retirement
Videos
Client Webinars (Monthly Avg)
Client Webinars (Archived)
Live Seminars
Progress Tracking
Interactive Learning - Quizzes
Client Magazine
Advantage
Overall
Advantage
Comparing 2 brokers
Advertiser Disclosure
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Charles Schwab
Special Offer
Earn 500 commission-free online trades at Schwab. Open an account
$1,000.00
$4.95
$4.95
$0.65
$76.00
$25.00
$0.00
$50.00
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Yes
Yes
Yes
4
Yes
No
244
5509
5509
Yes
Yes
Yes
Yes
Yes
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Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
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Yes
Yes
Yes
No
108
Yes
Yes
15
41
No
Yes
6
No
34
5
Yes
Yes
Yes
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Yes
Yes
Yes
Yes
Yes
No
No
Yes
Yes
Yes
Yes
No
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Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
8
Yes
Yes
Yes
Yes
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Yes
Yes
Yes
No
Yes
Yes
Yes
No
Yes
Yes
Yes
No
Yes
Yes
No
No
No
Yes
No
Yes
Yes
No
335
Yes
Yes
Yes
Yes
Yes
Yes
Yes
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9.33%
8.83%
7.88%
7.83%
7.58%
6.58%
6.25%
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Yes
Yes
Yes
Yes
Yes
Yes
Yes
50
Yes
Yes
No
No
Yes
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E*TRADE
Special Offer
Trade Free for 60 Days & Get Up to $600. Join E*TRADE Today! - Learn More
Yes
Yes
Yes
4
Yes
No
270
5995
8998
Yes
Yes
Yes
Yes
No
Yes
Yes
Yes
Yes
Yes
No
Yes
Yes
Yes
No
Yes
Yes
Yes
No
112
Yes
Yes
33
118
Yes
Yes
6
No
30
5
Yes
Yes
No
Yes
No
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
No
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
4
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
No
Yes
Yes
Yes
No
Yes
Yes
Yes
Yes
Yes
Yes
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30
Yes
Yes
No
No
Yes
No
Yes
10.25%
10.00%
9.50%
9.00%
8.50%
8.00%
7.00%
Yes
Yes
Yes
Yes
Yes
Yes
Yes
10
Yes
Yes
No
Yes
No
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All pricing data was obtained from a published web site as of 09/01/18 and is believed to be accurate, but is not guaranteed. The StockBrokers.com staff is constantly working with its online broker representatives to obtain the latest pricing data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page. 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.
