TD Ameritrade vs Charles Schwab

	TD Ameritrade	Charles Schwab
	OFFER Commission-Free Trading - Online Stock, ETF and Option Trades - Learn More	SPECIAL OFFER $0 Commissions on Online Stock, ETF, and Options Trades - Learn More Read Charles Schwab Review
	Benefits and Features
Stock Trading	$0 commission for online stock, ETF, and option trades	$0 commission on U.S. stocks and ETFs
Options Trading	$0.65 per contract	$0 + $0.65 per contract
Annual Fee		None
Cryptocurrency Trading		No
Minimum Deposit	$0	$0
Mutual Fund Trading	Up to $49.95 or $74.95 for buys. $0 for sells	$0 for funds from Schwab Mutual Fund OneSource and up to $74.95 per purchase for all other funds
Commission Free ETFs	550+ Commission-Free ETFs	2,000+ across asset classes and fund companies, $0 commission through Schwab ETF OneSource™.
Live Chat Support	Yes
Penny Stocks
Broker Assisted Trades	$25	$25.00 service charge
Inactivity Fee	$0	None
Maintenance Fee	$0	$0
Online Platform	Yes
Banking	Cash Management account offers free ATM withdrawals, no monthly maintenance fees, free online bill pay, and free check writing.	Yes
Mobile App	Yes	Yes
Desktop App	Thinkorswim	Yes
Forex Trading	Yes
Futures Trading	$2.25 per contract (plus exchange & regulatory fees)	$2.25 per contract
Bond Trading	Yes
CFD Trading	No
Currency Trading	Yes
Customer Service	(800) 669-3900 (Open 24/7)	24/7
Locations	More than 100 locations in 34 states	300 locations
Online Community		Yes
Seminars	Online webcast	Yes
Trading Platform	thinkorswim	Desktop, Web Trading, Mobile Apps
Virtual Trading	Yes	Yes (thinkorswim platforms)
	CreditDonkey® Reviews
Stock Trading
Options Trading
Mutual Fund Trading
Online Platform
Banking
Mobile App
Commissions and Fees
Ease of Use
Research
Pros & Cons		Pros: Vast selection of commission-free ETFs and mutual funds 2 platforms (one for beginners and one for advanced traders) 24/7 customer service including online chat Cons: Commission costs on mutual funds outside of the commission-free funds Robo-advisor option requires a minimum investment of $5,000
Bottom Line		Good choice for beginning and advanced investors looking to invest in ETFs and mutual funds or investors that require extensive research... Read full review
	Commission-Free Trading - Online Stock, ETF and Option Trades Open an IRA in 15 minutes or less	$0 Commissions on Online Stock, ETF, and Options Trades 500 Commission-Free Online and Options Trades Schwab's Referral Offer - Up to $1,000 Bonus
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. TD Ameritrade: Pricing information from published website as of 09/05/2023. Charles Schwab: Pricing information from published websites as of 01/22/2025.

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