Charles Schwab vs Vanguard 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 Vanguard.
Is Charles Schwab or Vanguard better for beginners?
Charles Schwab offers more comprehensive new investor education for beginner investors than Vanguard. Charles Schwab offers investors access to Videos, Education (Stocks), Education (ETFs), Education (Options), Education (Bonds) and Education (Retirement), while Vanguard offers investors access to Videos, Education (Stocks) and Education (Retirement). Neither have Paper Trading and Education (Mutual Funds). See our guide to Best Paper Trading Platforms for more.
What about Charles Schwab vs Vanguard pricing?
Charles Schwab and Vanguard charge the same amount for regular stock trades, $0.00. Option contracts are pricier at Vanguard, costing $1.00 per contract versus $0.65 per contract at Charles Schwab. For a complete commissions summary, see our best brokers for free stock trading guide.
Does Charles Schwab or Vanguard 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 Vanguard offers investors access to Stock Trading, Options Trading, OTC Stocks, Mutual Funds and Advisor Services. Neither have Forex Trading. Looking at Mutual Funds, Vanguard trails Charles Schwab in its offering of no transaction fee (NTF) mutual funds, with Charles Schwab offering 7168 and Vanguard offering .
Which trading platform is better: Charles Schwab or Vanguard?
To compare the trading platforms of Charles Schwab and Vanguard, 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 Vanguard offers neither of these.
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 Vanguard good?
Vanguard is aimed squarely at buy-and-hold investors, and its platform reflects that focus. Vanguard is known for its low-cost funds, and the investment platform is really built for those looking to invest solely in mutual funds and ETFs.
Charles Schwab vs Vanguard Winner
Overall winner: Charles Schwab
Explore our other online trading guides: