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E*TRADE vs Charles Schwab 2022

Is E*TRADE better than Charles Schwab? 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 Rating expand_moreexpand_less E*TRADE Charles Schwab
Overall starstarstarstarstar starstarstarstarstar_border
Commissions & Fees starstarstarstarstar_border starstarstarstarstar_border
Investment Options starstarstarstarstar starstarstarstarstar
Platforms & Tools starstarstarstarstar_border starstarstarstarstar_border
Mobile Trading Apps starstarstarstarstar starstarstarstarstar_border
Research starstarstarstarstar_border starstarstarstarstar
Customer Service starstarstarstarstar_border starstarstarstarstar_border
Education starstarstarstarstar_border starstarstarstarstar_border
Ease Of Use starstarstarstarstar starstarstarstarstar_border
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Review E*TRADE Review Charles Schwab Review
Trading Fees expand_moreexpand_less E*TRADE Charles Schwab
Minimum Deposit $0.00 $0.00
Stock Trades $0.00 $0.00
Mutual Fund Trade Fee $19.99 $49.95
Options (Base Fee) $0.00 $0.00
Options (Per Contract) $0.65 $0.65
Futures (Per Contract) $1.50 $2.25
Broker Assisted Trade Fee $25.00 $25.00
Margin Rates expand_moreexpand_less E*TRADE Charles Schwab
Margin Rate Under $24,999.99 8.95% 8.33%
Margin Rate $25,000.00 to $49,999.99 8.45% 7.83%
Margin Rate $50,000.00 to $99,999.99 7.95% 6.88%
Margin Rate $100,000.00 to $249,999.99 7.45% 6.83%
Margin Rate $250,000.00 to $499,999.99 6.95% 6.58%
Margin Rate $500,000.00 to $999,999.99 6.45% 5.08%
Margin Rate Above $1,000,000.00 5.45% 4.75%
Account Fees expand_moreexpand_less E*TRADE Charles Schwab
IRA Annual Fee $0.00 $0.00
IRA Closure Fee $0.00 $0.00
Account Transfer Out (Partial) $25.00 $25.00
Account Transfer Out (Full) $75.00 $50.00
Options Exercise Fee 0.00 0.00
Options Assignment Fee 0.00 0.00
Investment Options expand_moreexpand_less E*TRADE Charles Schwab
Stock Trading Yes Yes
Fractional Shares No Yes
OTCBB / Pink Sheets Yes Yes
Options Trading Yes Yes
Complex Options Max Legs 4 4
Futures Trading Yes Yes
Forex Trading No No
Crypto Trading No No
Crypto Trading - Total Coins 0 0
Mutual Funds (No Load) 6486 7537
Mutual Funds (Total) 7242 10228
Bonds (US Treasury) Yes Yes
Bonds (Corporate) Yes Yes
Bonds (Municipal) Yes Yes
Advisor Services Yes Yes
International Countries (Stocks) 0 28
Order Types expand_moreexpand_less E*TRADE Charles Schwab
Order Type - Market Yes Yes
Order Type - Limit Yes Yes
Order Type - After Hours Yes Yes
Order Type - Stop Yes Yes
Order Type - Trailing Stop Yes Yes
Order Type - OCO Yes Yes
Order Type - OTO Yes Yes
Order Type - Broker Assisted Yes Yes
Beginners expand_moreexpand_less E*TRADE Charles Schwab
Education (Stocks) Yes Yes
Education (ETFs) Yes Yes
Education (Options) Yes Yes
Education (Mutual Funds) Yes Yes
Education (Bonds) Yes Yes
Education (Retirement) Yes Yes
Retirement Calculator Yes Yes
Investor Dictionary Yes Yes
Paper Trading Yes No
Videos Yes Yes
Webinars (Archived) Yes Yes
Progress Tracking No No
Interactive Learning - Quizzes Yes No
Stock Trading Apps expand_moreexpand_less E*TRADE Charles Schwab
iPhone App Yes Yes
Android App Yes Yes
Apple Watch App Yes Yes
Trading - Stocks Yes Yes
Trading - After-Hours Yes Yes
Trading - Simple Options Yes Yes
Trading - Complex Options Yes Yes
Order Ticket RT Quotes Yes Yes
Order Ticket SRT Quotes Yes No
Stock App Features expand_moreexpand_less E*TRADE Charles Schwab
Market Movers (Top Gainers) Yes Yes
Stream Live TV Yes Yes
Videos on Demand No Yes
Stock Alerts Yes No
Option Chains Viewable Yes Yes
Watch List (Real-time) Yes Yes
Watch List (Streaming) Yes No
Watch Lists - Create & Manage Yes Yes
Watch Lists - Column Customization Yes No
Watch Lists - Total Fields 95 130
Stock App Charting expand_moreexpand_less E*TRADE Charles Schwab
Charting - After-Hours Yes No
Charting - Can Turn Horizontally Yes Yes
Charting - Multiple Time Frames Yes Yes
Charting - Technical Studies 10 32
Charting - Study Customizations Yes Yes
Charting - Stock Comparisons Yes Yes
Trading Platforms expand_moreexpand_less E*TRADE Charles Schwab
Desktop Trading Platform No Yes
Web Trading Platform Yes Yes
Paper Trading Yes No
Trade Journal No Yes
Watch Lists - Total Fields 95 130
Stock Chart Features expand_moreexpand_less E*TRADE Charles Schwab
Charting - Adjust Trades on Chart Yes Yes
Charting - Indicators / Studies 119 41
Charting - Drawing Tools 31 15
Charting - Notes Yes Yes
Charting - Index Overlays Yes Yes
Charting - Historical Trades Yes No
Charting - Corporate Events Yes Yes
Charting - Custom Date Range Yes Yes
Charting - Custom Time Bars No Yes
Charting - Automated Analysis Yes Yes
Charting - Save Profiles Yes Yes
Trade Ideas - Technical Analysis Yes Yes
Charting - Study Customizations 6 7
Charting - Custom Studies No No
Day Trading expand_moreexpand_less E*TRADE Charles Schwab
Streaming Time & Sales Yes Yes
Streaming TV Yes Yes
Direct Market Routing - Stocks Yes Yes
Ladder Trading No No
Trade Hot Keys Yes Yes
Level 2 Quotes - Stocks Yes Yes
Trade Ideas - Backtesting No Yes
Trade Ideas - Backtesting Adv No No
Short Locator No Yes
Order Liquidity Rebates No No
Research Overview expand_moreexpand_less E*TRADE Charles Schwab
Research - Stocks Yes Yes
Research - ETFs Yes Yes
Research - Mutual Funds Yes Yes
Research - Pink Sheets / OTCBB Yes Yes
Research - Bonds Yes Yes
Screener - Stocks Yes Yes
Screener - ETFs Yes Yes
Screener - Mutual Funds Yes Yes
Screener - Bonds Yes Yes
Misc - Portfolio Allocation Yes Yes
Stock Research expand_moreexpand_less E*TRADE Charles Schwab
Stock Research - PDF Reports 6 8
Stock Research - Earnings Yes Yes
Stock Research - Insiders Yes Yes
Stock Research - Social Yes Yes
Stock Research - News Yes Yes
Stock Research - ESG No No
Stock Research - SEC Filings Yes Yes
ETF Research expand_moreexpand_less E*TRADE Charles Schwab
ETFs - Strategy Overview Yes Yes
ETF Fund Facts - Inception Date Yes Yes
ETF Fund Facts - Expense Ratio Yes Yes
ETF Fund Facts - Net Assets Yes Yes
ETF Fund Facts - Total Holdings Yes Yes
ETFs - Top 10 Holdings Yes Yes
ETFs - Sector Exposure Yes Yes
ETFs - Risk Analysis Yes Yes
ETFs - Ratings Yes Yes
ETFs - Morningstar StyleMap Yes Yes
ETFs - PDF Reports Yes Yes
Mutual Fund Research expand_moreexpand_less E*TRADE Charles Schwab
Mutual Funds - Strategy Overview Yes Yes
Mutual Funds - Performance Chart No Yes
Mutual Funds - Performance Analysis Yes Yes
Mutual Funds - Prospectus Yes Yes
Mutual Funds - 3rd Party Ratings Yes Yes
Mutual Funds - Fees Breakdown Yes Yes
Mutual Funds - Top 10 Holdings Yes Yes
Mutual Funds - Asset Allocation Yes Yes
Mutual Funds - Sector Allocation Yes Yes
Mutual Funds - Country Allocation Yes Yes
Mutual Funds - StyleMap Yes Yes
Options Trading expand_moreexpand_less E*TRADE Charles Schwab
Option Chains - Basic View Yes Yes
Option Chains - Strategy View Yes Yes
Option Chains - Streaming Yes Yes
Option Chains - Total Columns 31 44
Option Chains - Greeks 5 5
Option Chains - Quick Analysis Yes Yes
Option Analysis - P&L Charts Yes Yes
Option Probability Analysis Yes Yes
Option Probability Analysis Adv Yes Yes
Option Positions - Greeks Yes Yes
Option Positions - Greeks Streaming Yes Yes
Option Positions - Adv Analysis Yes Yes
Option Positions - Rolling Yes Yes
Option Positions - Grouping Yes Yes
Banking expand_moreexpand_less E*TRADE Charles Schwab
Bank (Member FDIC) Yes Yes
Checking Accounts Yes Yes
Savings Accounts Yes Yes
Credit Cards Yes Yes
Debit Cards Yes Yes
Mortgage Loans Yes Yes
Customer Service expand_moreexpand_less E*TRADE Charles Schwab
Phone Support (Prospect Customers) Yes Yes
Phone Support (Current Customers) Yes Yes
Email Support Yes Yes
Live Chat (Prospect Customers) Yes No
Live Chat (Current Customers) Yes Yes
24/7 Support Yes Yes
Overall expand_moreexpand_less E*TRADE Charles Schwab
Overall starstarstarstarstar starstarstarstarstar_border
Commissions & Fees starstarstarstarstar_border starstarstarstarstar_border
Investment Options starstarstarstarstar starstarstarstarstar
Platforms & Tools starstarstarstarstar_border starstarstarstarstar_border
Mobile Trading Apps starstarstarstarstar starstarstarstarstar_border
Research starstarstarstarstar_border starstarstarstarstar
Education starstarstarstarstar_border starstarstarstarstar_border
Ease Of Use starstarstarstarstar starstarstarstarstar_border
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E*TRADE vs Charles Schwab 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 E*TRADE vs Charles Schwab.

Is E*TRADE or Charles Schwab better for beginners?

E*TRADE offers more comprehensive new investor education for beginner investors than Charles Schwab. E*TRADE offers investors access to Paper Trading, Videos, Education (Stocks), Education (ETFs), Education (Options), Education (Mutual Funds), Education (Bonds) and Education (Retirement), while Charles Schwab offers investors access to Videos, Education (Stocks), Education (ETFs), Education (Options), Education (Mutual Funds), Education (Bonds) and Education (Retirement).

What about E*TRADE vs Charles Schwab pricing?

E*TRADE and Charles Schwab charge the same amount for regular stock trades, $0.00. E*TRADE and Charles Schwab both charge $0.65 per option contract. For a complete commissions summary, see our best brokers for free stock trading guide.

Does E*TRADE or Charles Schwab offer a wider range of investment options?

E*TRADE offers investors access to Stock Trading, Options Trading, OTCBB / Pink Sheets, Mutual Funds, Futures Trading and Advisor Services, while Charles Schwab offers investors access to Stock Trading, Fractional Shares, Options Trading, OTCBB / Pink Sheets, Mutual Funds, Futures Trading and Advisor Services, neither have Forex Trading. Looking at Mutual Funds, Charles Schwab trails E*TRADE in its offering of no transaction fee (NTF) mutual funds, with E*TRADE offering 4377 and Charles Schwab offering 4294.

Which trading platform is better: E*TRADE or Charles Schwab?

To compare the trading platforms of E*TRADE and Charles Schwab, 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 available to customers of E*TRADE and Charles Schwab.

Is E*TRADE good?

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.

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.

E*TRADE vs Charles Schwab Winner

Overall winner: E*TRADE

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