Comparison Charles Schwab vs E*TRADE

A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare Charles Schwab vs E*TRADE. Which of them: Charles Schwab or E*TRADE a better online broker?

Firstly, let’s compare commission fees provided by these brokers for regular transactions. Charles Schwab has a commission fee of $4.95, and E*TRADE has a commission fee of $6.95. Let’s analyze the commission fees on trading options. Charles Schwab has a commission fee of $4.95 + $0.65 per contract, E*TRADE has a commission fee of $6.95 + $0.75 per contract. The full online broker reviews contains more detailed information on the brokers’ commission fees.

Investors should always know about types of online trading supported by broker and about tools provided by them in trading. It is very important information as well. Let’s compare them. are Charles Schwab provides customers with Stocks Trading, Penny Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Robo Advisor, and E*TRADE provides customers with Stocks Trading, Penny Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Futures Trading, Crypto Trading, Robo Advisor. As for platforms, Charles Schwab offers Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, Android App, iOS App, while E*TRADE offers Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, Android App, iOS App.

Finally, by comparing the two online brokers, we want to pay attention to the year and country of establishing, the regulatory authorities and the possibility of withdrawing funds. Charles Schwab was founded in 1973 in United States, and it is regulated by SIPC. And E*TRADE was founded in 1982 in United States, and it is regulated by FINRA,. Withdrawal of funds from Charles Schwab can be done using Bank Wire, Visa/Mastercard with a withdrawal fee of $0. And E*TRADE provides the ability to withdraw funds using Bank Wire, Visa/Mastercard with a withdrawal fee of $0. The withdrawal time for Charles Schwab is 5 days, and that one for E*TRADE is 3 days.

As a result, the rating of Charles Schwab is 4.1 stars versus that of E*TRADE of 4.3 stars.