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TD Ameritrade vs Charles Schwab 2021

Is Charles Schwab better than TD Ameritrade? After testing 11 of the best online brokers over three months, TD Ameritrade (100%) is better than Charles Schwab (95.87%). 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 our top overall broker in 2021.


EXCLUSIVE OFFER Get up to $375 and trade commission-free with TD Ameritrade.
SPECIAL OFFER $0 online stock, ETF, and options commissions at Schwab.
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Overall Rating

Feature TD Ameritrade Charles Schwab
Overall 5 5
Commissions & Fees 4.5 4.5
Offering of Investments 5 5
Platforms & Tools 5 4.5
Mobile Trading 5 4
Research 5 5
Education 5 4.5
Ease of Use 5 5
TD Ameritrade Review Charles Schwab Review
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Trading Fees

Feature TD Ameritrade Charles Schwab
Minimum Deposit $0.00 $0.00
Stock Trades $0.00 $0.00
ETF Trade Fee $0.00 $0.00
Mutual Fund Trade Fee $49.99 $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 $44.99 $25.00

Margin Rates

Feature TD Ameritrade Charles Schwab
Under $24,999.99 9.50% 8.33%
$25,000.00 to $49,999.99 9.00% 7.83%
$50,000.00 to $99,999.99 8.00% 6.88%
$100,000.00 to $249,999.99 7.75% 6.83%
$250,000.00 to $499,999.99 7.50% 6.58%
$500,000.00 to $999,999.99 N/A 5.08%
Above $1,000,000.00 N/A 4.75%

Account Fees

Feature 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

Investment Options

Feature 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)
8097 7537
Mutual Funds (Total)
12330 10228
Bonds (US Treasury)
Yes Yes
Bonds (Corporate)
Yes Yes
Bonds (Municipal)
Yes Yes
Advisor Services
Yes Yes
International Trading
Yes Yes

Order Types

Feature 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

Feature 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 (Monthly Avg)
500 100
Webinars (Archived)
Yes Yes
Progress Tracking
Yes No
Interactive Learning - Quizzes
Yes No

Stock Trading Apps

Feature 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

Feature 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 List - Column Filtering
Yes No

Stock App Charting

Feature 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

Feature 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

Feature TD Ameritrade Charles Schwab
Charting - Adjust Trades on Chart
Yes Yes
Charting - Indicators / Studies
489 41
Charting - Drawing Tools
22 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

Feature 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

Feature 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 - Options
Yes Yes
Screener - Bonds
Yes Yes
Misc - Portfolio Builder
Yes Yes
Misc - Portfolio Allocation
Yes Yes

Stock Research

Feature TD Ameritrade Charles Schwab
Stock Research - PDF Reports
7 8
Stock Research - Earnings
Yes Yes
Stock Research - Insiders
Yes Yes
Stock Research - SEC Filings
Yes Yes
Stock Research - Social
Yes Yes
Stock Research - Balance Sheet
Yes Yes
Stock Research - Cash Flows
Yes Yes
Stock Research - News
Yes Yes
Stock Research - ESG
No No

ETF Research

Feature 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 - Performance Analysis
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

Feature 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 - PDF Reports
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
Mutual Funds - 3rd Party Ratings
Yes Yes

Options Trading

Feature 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 Positions - Greeks Streaming
Yes Yes
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 - Adv Analysis
Yes Yes
Option Positions - Rolling
Yes Yes
Option Positions - Grouping
Yes Yes

Banking

Feature 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

Feature 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

Feature TD Ameritrade Charles Schwab
Overall 5 5
Commissions & Fees 4.5 4.5
Offering of Investments 5 5
Platforms & Tools 5 4.5
Mobile Trading 5 4
Research 5 5
Education 5 4.5
Ease of Use 5 5
TD Ameritrade Review Charles Schwab Review
Winner check_circle

Comparing brokers side by side is no easy task. For our 2021 annual broker review, we spent hundreds of hours assessing 11 brokerages to find the best online broker. Let's compare Charles Schwab vs TD Ameritrade.

Is Charles Schwab or TD Ameritrade better for beginners?
TD Ameritrade is better 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).

What about Charles Schwab vs TD Ameritrade pricing?
Charles Schwab and TD Ameritrade charge the same amount for regular stock trades, $0. With options, the base fee is $0 for both Charles Schwab and TD Ameritrade. Option contracts run $0.65 a piece at both brokerages. For a complete commissions summary, see our best discount brokers guide.

Does Charles Schwab or TD Ameritrade offer a wider range of investment options?
Charles Schwab offers a more diverse selection of investment options than TD Ameritrade. Charles Schwab offers investors access to Stock Trading, Fractional Shares, OTCBB / Pink Sheets, Options Trading, Mutual Funds, Futures Trading, Advisor Services and International Trading. Looking at Mutual Funds, TD Ameritrade offers its clients access to 12330 different mutual funds while Charles Schwab has 10228 available funds, a difference of 2,102.

Which trading platform is better: Charles Schwab or TD Ameritrade?
To compare the trading platforms of both Charles Schwab and TD Ameritrade, 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 available to clients of TD Ameritrade while Charles Schwab offers customers Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans.

Overall winner: TD Ameritrade

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All pricing data was obtained from a published web site as of 01/19/2021 and is believed to be accurate, but is not guaranteed. 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.

TD Ameritrade, Inc. and StockBrokers.com are separate, unaffiliated companies and are not responsible for each other’s services and products. View terms.

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