Charles Schwab vs. TD Ameritrade Comparison

This comparison guide aids customers that have a hard time to pick in between Charles Schwab and TD Ameritrade to locate the best online broker for their trading and investment requirements. It examines the highlights of both brokers alongside to help users compare their service and make an informed choice.

To help individuals select the right broker between Charles Schwab and TD Ameritrade to locate the best-suited system, below is a checklist of broker’s advantages and disadvantages, adhered to by a comparison of their primary trading attributes, including trading platforms & devices, charges, mobile trading, deposit & withdrawal, assets, law, and consumer support.

Charles Schwab vs. TD Ameritrade: Summary

Charles Schwab logo

Charles Schwab is a US based brokerage company founded in 1971. It is regulated by two tier-one financial regulators (the FINRA and SEC) and is considered safe.Users can trade on multiple assets including stocks, ETFs, funds, options, futures and cryptos.

Charles Schwab has a proprietary web and desktop trading platform. Both have a clean design and offer various customisation options and intuitive fee reports.

Charles Schwab’s trading fees are average compared to other similar brokers. They charge 0$ commission on stocks, ETFs and certain mutual funds and bonds. Their non-trading fees are low.

Charles Schwab’s customer support is available by phone, email and live chat 24/7.

TD Ameritrade logo

TD Ameritrade is a US based online stock broker founded in 1975. It is regulated by two of the most strict US regulators the SEC and FINRA. The broker offers access to a wide range of stocks and forex pairs and a handful of bonds, options, futures, crypto, and other financial instruments.

TD Ameritrade has a proprietary trading platform (thinkorswim) and two mobile trading apps. Both have an intuitive design and feature a great set of trading tools and features.

TD Ameritrade has low trading fees compared to other similar brokers like tastytrade, Robinhood and Fidelity. They charge 0% commission on stocks and ETFs, while futures trading comes with high fees. Forex, options and bonds are available at average fees.

TD Ameritrade’s customer support is available by phone and email from 8:30 AM to 5:30 PM ET, Monday – Friday.

Pros

  • Low minimum deposit ($0)
  • $0 commission stock, ETF and mutual funds
  • Excellent research tools and education materials
  • Responsive customer support with 24/7 access
  • Fast & reliable trade execution 

Cons

  • Limited beginner features 
  • Expensive managed accounts and financial advice 

Pros

  • Low minimum deposit ($0)
  • Free stock and ETF trading
  • Feature-rich desktop and web trading platform (thinkorswim)
  • Advanced charting capabilities and real-time data
  • Wide range of stocks and ETFs
  • Excellent mobile trading apps for casual and active traders

Cons

  • Mostly US markets and assets
  • Only accept bank wire transfers
  • Doesn’t offer fractional shares

Key features

  • $0 commission stock and ETF trading 
  • Access to over 3,000 US stocks
  • Multiple advanced order types 
  • In-house reports from Morningstar and Credit Suisse
  • Google Assistant Integration
  • Robo-advisor and financial advisors available

Key features

  • Wide range of US stocks and ETFs
  • Vast selection of charting tools and indicators
  • Daily market analysis in the form webinars, webcasts, and podcasts
  • 0% commission stock and ETF trading
  • Access to IPOs, annuities, fixed income products, and lending programs

Charles Schwab vs. TD Ameritrade Comparison

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Charles Schwab logo

Charles Schwab

TD Ameritrade logo

TD Ameritrade

BROKER COMPARISON

Charles Schwab logo
TD Ameritrade logo

Overall rating

4,1/5

4,1/5

Overall rating

4,1/5

4,1/5

Trading Platform & Tools

4.4

4.4

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 2:1 1:2
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
Mobile Version
Mutual Fund Management
Proprietary Platform
Social/Copy Trading
Trading Alerts
Trading signals
Watchlist
Web Version

Fees

5.0

3.6

See details
Withdrawal Fee 0 0
Deposit Fee 0 0
Inactivity Fee 0 0
Cost Per Trade 0 0
Cost Per Month 0 0
Forex (EUR/USD) 0 1.3 pips
Stocks & ETF 0 $6.95
CFD (Gold) 0 0
Crypto 0 0
Options US$0.65 per options contract 0.65 per options contract fee
Conversion Fees $75 transfer fee
Misc. Fees 0
Overnight Fees 0

Mobile Trading

3.0

5.0

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

1.3

1.9

See details
Minimum deposit (in UAE) $25.000 0
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

4.8

4.9

See details
Shares 11.438 3700
ETF & Funds 2.600 13000
Crypto 0 0
Commodities 0 10
Indices 0 12
Options 8 exchanges 0
Futures 8 exchanges 70
Bonds 36.000 40000
Forex Instruments 0 70
CFD Indices & Funds 0 0
CFD Stocks 0 0
CFD Commodities 0 0
CFD Crypto 0 0
CFD Bonds 0 0
Binary Options 0 0
SWAPS 0 0
Saving Plans 0 0

Regulation

5.0

5.0

See details
Tier 1 License
Tier 2 License
Tier 3 License

Research & Education

5.0

4.3

See details
Webinars
Educational Resources
Daily News Updates
Market Indepth Analysis
Pers. Training & Room
Market Research

Customer Support

4.0

4.0

See details
Email
Phone
Live Chat
24/7 support
Multilingual English / Spanish
Personal Account Manager

Winner

Charles Schwab vs. TD Ameritrade Comparison Conclusion

The outcomes of our contrast of Charles Schwab vs. TD Ameritrade are wrapped up in the table listed below.

Broker:Best For:
Charles SchwabStocks and ETFs
TD AmeritradeUS Stocks and ETFs

Choosing the right selection in between Charles Schwab and TD Ameritrade can be difficult. Both on the internet brokers have resemblances yet vary pertaining to trading instruments, systems & apps, policy, deposit & withdrawals, and research study and education and learning. Picking the very best broker relies on individuals’ trading & financial investment goals, individual choices, and experience level.

To make a better-informed decision, users can read our detailed broker reviews, comparison or use our broker selector to help them find the ideal broker.

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