Charles Schwab vs. E*TRADE: 2022 Comparison

Account minimum

Stock trading costs

Options trades

No base commission; $0.65 per contract.

Account fees (annual, transfer, closing, inactivity)

No annual or inactivity fee; $25 for full or partial transfer out of assets, $15 if this is done online.

Number of no-transaction-fee mutual funds

Over 4,200 no-transaction-fee mutual funds.

Tradable securities

  • Fractional shares

  • Mutual funds.

Crypto availability

No access to cryptocurrencies, but clients can trade crypto-based, products, such as Bitcoin futures.

Trading platform

Three platforms offered with no trade minimums or fees: StreetSmart Edge (desktop platform), Schwab.com and StreetSmart Central.

Mobile app

Two mobile apps with above-average capabilities: Schwab Mobile and StreetSmart Mobile.

Research and data

Research from 14 providers including Moody’s, Morningstar, Recognia, Credit Suisse and Thompson Reuters, plus more in-house generated commentary and tools.

Customer support options (includes how easy it is to find key details on the website)

Phone, email, chat 24/7, and in-person support available at branches Monday through Friday 8 a.m. to 5 p.m. Some branches have Saturday hours.

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