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TD Ameritrade vs Charles Schwab 2022

Is TD Ameritrade better than Charles Schwab? After testing 15 of the best online brokers over six months, TD Ameritrade (95.41%) is better than Charles Schwab (89.63%). TD Ameritrade delivers $0 trades, fantastic trading platforms, excellent market research, industry-leading education for beginners and reliable customer service. This outstanding all-around experience makes TD Ameritrade one of our top overall brokers in 2022.

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Overall Rating expand_moreexpand_less TD Ameritrade Charles Schwab
Overall starstarstarstarstar starstarstarstarstar_border
Commissions & Fees starstarstarstarstar_border starstarstarstarstar_border
Investment Options starstarstarstarstar starstarstarstarstar
Platforms & Tools starstarstarstarstar starstarstarstarstar_border
Mobile Trading Apps starstarstarstarstar starstarstarstarstar_border
Research starstarstarstarstar starstarstarstarstar
Customer Service starstarstarstarstar_border starstarstarstarstar_border
Education starstarstarstarstar starstarstarstarstar_border
Ease Of Use starstarstarstarstar starstarstarstarstar_border
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Review TD Ameritrade Review Charles Schwab Review
Trading Fees expand_moreexpand_less TD Ameritrade Charles Schwab
Minimum Deposit $0.00 $0.00
Stock Trades $0.00 $0.00
Mutual Fund Trade Fee $74.95 $49.95
Options (Base Fee) $0.00 $0.00
Options (Per Contract) $0.65 $0.65
Futures (Per Contract) $2.25 $2.25
Broker Assisted Trade Fee $25.00 $25.00
Margin Rates expand_moreexpand_less TD Ameritrade Charles Schwab
Margin Rate Under $24,999.99 9.50% 8.33%
Margin Rate $25,000.00 to $49,999.99 9.00% 7.83%
Margin Rate $50,000.00 to $99,999.99 8.00% 6.88%
Margin Rate $100,000.00 to $249,999.99 7.75% 6.83%
Margin Rate $250,000.00 to $499,999.99 7.50% 6.58%
Margin Rate $500,000.00 to $999,999.99 N/A 5.08%
Margin Rate Above $1,000,000.00 N/A 4.75%
Account Fees expand_moreexpand_less TD Ameritrade Charles Schwab
IRA Annual Fee $0.00 $0.00
IRA Closure Fee $0.00 $0.00
Account Transfer Out (Partial) $0.00 $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 TD Ameritrade 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 Yes No
Crypto Trading No No
Crypto Trading - Total Coins 0 0
Mutual Funds (No Load) 4606 7537
Mutual Funds (Total) 8878 10228
Bonds (US Treasury) Yes Yes
Bonds (Corporate) Yes Yes
Bonds (Municipal) Yes Yes
Advisor Services Yes Yes
International Countries (Stocks) 1 28
Order Types expand_moreexpand_less TD Ameritrade 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 TD Ameritrade 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 Yes No
Interactive Learning - Quizzes Yes No
Stock Trading Apps expand_moreexpand_less TD Ameritrade 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 TD Ameritrade Charles Schwab
Market Movers (Top Gainers) Yes Yes
Stream Live TV Yes Yes
Videos on Demand Yes 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 514 130
Stock App Charting expand_moreexpand_less TD Ameritrade Charles Schwab
Charting - After-Hours Yes No
Charting - Can Turn Horizontally Yes Yes
Charting - Multiple Time Frames Yes Yes
Charting - Technical Studies 406 32
Charting - Study Customizations Yes Yes
Charting - Stock Comparisons Yes Yes
Trading Platforms expand_moreexpand_less TD Ameritrade Charles Schwab
Desktop Trading Platform Yes Yes
Web Trading Platform Yes Yes
Paper Trading Yes No
Trade Journal Yes Yes
Watch Lists - Total Fields 514 130
Stock Chart Features expand_moreexpand_less TD Ameritrade Charles Schwab
Charting - Adjust Trades on Chart Yes Yes
Charting - Indicators / Studies 489 41
Charting - Drawing Tools 23 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 Yes Yes
Charting - Automated Analysis Yes Yes
Charting - Save Profiles Yes Yes
Trade Ideas - Technical Analysis Yes Yes
Charting - Study Customizations 9 7
Charting - Custom Studies Yes No
Day Trading expand_moreexpand_less TD Ameritrade Charles Schwab
Streaming Time & Sales Yes Yes
Streaming TV Yes Yes
Direct Market Routing - Stocks Yes Yes
Ladder Trading Yes No
Trade Hot Keys Yes Yes
Level 2 Quotes - Stocks Yes Yes
Trade Ideas - Backtesting Yes Yes
Trade Ideas - Backtesting Adv Yes No
Short Locator No Yes
Order Liquidity Rebates No No
Research Overview expand_moreexpand_less TD Ameritrade 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 TD Ameritrade Charles Schwab
Stock Research - PDF Reports 7 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 TD Ameritrade 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 No 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 TD Ameritrade Charles Schwab
Mutual Funds - Strategy Overview Yes Yes
Mutual Funds - Performance Chart Yes 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 No Yes
Mutual Funds - StyleMap Yes Yes
Options Trading expand_moreexpand_less TD Ameritrade Charles Schwab
Option Chains - Basic View Yes Yes
Option Chains - Strategy View Yes Yes
Option Chains - Streaming Yes Yes
Option Chains - Total Columns 35 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 TD Ameritrade Charles Schwab
Bank (Member FDIC) No Yes
Checking Accounts Yes Yes
Savings Accounts No Yes
Credit Cards Yes Yes
Debit Cards Yes Yes
Mortgage Loans No Yes
Customer Service expand_moreexpand_less TD Ameritrade 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 TD Ameritrade Charles Schwab
Overall starstarstarstarstar starstarstarstarstar_border
Commissions & Fees starstarstarstarstar_border starstarstarstarstar_border
Investment Options starstarstarstarstar starstarstarstarstar
Platforms & Tools starstarstarstarstar starstarstarstarstar_border
Mobile Trading Apps starstarstarstarstar starstarstarstarstar_border
Research starstarstarstarstar starstarstarstarstar
Education starstarstarstarstar starstarstarstarstar_border
Ease Of Use starstarstarstarstar starstarstarstarstar_border
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TD Ameritrade 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 TD Ameritrade vs Charles Schwab.

Is TD Ameritrade or Charles Schwab better for beginners?

TD Ameritrade offers more comprehensive new investor education for beginner investors than Charles Schwab. TD Ameritrade 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 TD Ameritrade vs Charles Schwab pricing?

TD Ameritrade and Charles Schwab charge the same amount for regular stock trades, $0.00. TD Ameritrade 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 TD Ameritrade or Charles Schwab offer a wider range of investment options?

TD Ameritrade offers investors access to Stock Trading, Options Trading, OTCBB / Pink Sheets, Mutual Funds, Futures Trading, Forex 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. Looking at Mutual Funds, TD Ameritrade trails Charles Schwab in its offering of no transaction fee (NTF) mutual funds, with Charles Schwab offering 4294 and TD Ameritrade offering 3813.

Which trading platform is better: TD Ameritrade or Charles Schwab?

To compare the trading platforms of TD Ameritrade and Charles Schwab, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, TD Ameritrade offers a better experience. With research, Charles Schwab offers superior market research. Finally, we found TD Ameritrade 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, Debit Cards and Credit Cards are offered by TD Ameritrade while Charles Schwab offers Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans.

Is TD Ameritrade good?

TD Ameritrade delivers $0 trades, fantastic trading platforms, excellent market research, industry-leading education for beginners and reliable customer service. This outstanding all-around experience makes TD Ameritrade one of our top overall brokers in 2022.

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.

TD Ameritrade vs Charles Schwab Winner

Overall winner: TD Ameritrade

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