Charles Schwab vs Robinhood Comparison
Comparing brokers side by side is no easy task. For our 2023 annual broker review, we spent hundreds of hours assessing 17 brokerages to find the best online broker. Let's compare Charles Schwab vs Robinhood.
Is Charles Schwab or Robinhood better for beginners?
Charles Schwab offers more comprehensive new investor education for beginner investors than Robinhood. Charles Schwab offers investors access to Videos, Education (Stocks), Education (ETFs), Education (Options), Education (Bonds) and Education (Retirement), while Robinhood offers investors access to Education (Stocks) and Education (Options). Neither have Paper Trading and Education (Mutual Funds). See our guide to Best Paper Trading Platforms for more.
What about Charles Schwab vs Robinhood pricing?
Charles Schwab and Robinhood charge the same amount for regular stock trades, $0.00. Option contracts are pricier at Charles Schwab, costing $0.65 per contract versus $0.00 per contract at Robinhood. For a complete commissions summary, see our best brokers for free stock trading guide.
Does Charles Schwab or Robinhood offer a wider range of investment options?
Charles Schwab offers investors access to Stock Trading, Fractional Shares, Options Trading, OTC Stocks, Mutual Funds, Futures Trading and Advisor Services, while Robinhood offers investors access to Stock Trading, Fractional Shares, Options Trading and OTC Stocks. Neither have Forex Trading. Looking at Mutual Funds, Robinhood trails Charles Schwab in its offering of no transaction fee (NTF) mutual funds, with Charles Schwab offering 7168 and Robinhood offering 0.
Which trading platform is better: Charles Schwab or Robinhood?
To compare the trading platforms of Charles Schwab and Robinhood, 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. Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are offered by Charles Schwab while Robinhood offers Debit Cards.
Is Charles Schwab good?
As the granddaddy of discount brokers, Charles Schwab understands how to deliver value to its customers, providing a comprehensive roster of tools, advice and actionable ideas at reasonable cost.
Is Robinhood good?
Robinhood is very easy to use and its educational content is a joy to read. But, in today’s competitive market for your investing dollars, there are several more compelling options among brokerages.
Charles Schwab vs Robinhood Winner
Overall winner: Charles Schwab
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