Comparison Charles Schwab vs Robinhood

The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares Charles Schwab vs Robinhood. Is Charles Schwab or Robinhood a better online broker?

Firstly, let’s compare commission fees provided by these brokers for regular transactions. The commission fee of Charles Schwab on regular transactions of the stock exchange is $4.95, and Robinhood has a commission fee of commission-free. When analyzing trading options, the commission fees of Charles Schwab is $4.95 + $0.65 per contract, and that one of Robinhood is commission-free. 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 Robinhood provides customers with Stocks Trading, Options Trading, ETFs Trading, Crypto Trading. Concerning the platforms, Charles Schwab uses Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, Android App, iOS App, while Robinhood uses Web Platform, Android App, iOS App.

In conclusion, when comparing the two online brokers, we should pay our attention to the year and country of foundation, the regulatory authorities and ways to withdraw funds. Charles Schwab was founded in 1973 in United States, and it is regulated by SIPC. And Robinhood was founded in 2013 in USA, and it is regulated by SEC, FINRA. Withdrawal of funds from Charles Schwab can be done using Bank Wire, Visa/Mastercard with a withdrawal fee of $0. And Robinhood provides the ability to withdraw funds using Bank Wire with a withdrawal fee of free. The time for withdrawal in Charles Schwab is 5 days, and that one in Robinhood is 5 days trading holding period for uninvested funds.

As a result, the rating of Charles Schwab is 4.1 stars versus that of Robinhood of 3.4 stars.