Charles Schwab vs Robinhood

Charles Schwab is a good choice for beginning and advanced investors looking to invest in ETFs and mutual funds or investors that require extensive research. How does it compare to Robinhood? Read our comparison chart below.

Charles Schwab offers stock and ETF trades at $0 commission and options trading at $0 commission + $0.65 per contract. There is no minimum deposit, no maintenance fee, and no inactivity fee.

While Robinhood offers $0 stock trades by cutting out physical offices and manual account management. Only basic stock trading can be performed on the mobile app. There is no minimum deposit or maintenance fee, though there is an optional paid premier customer tier starting at $5/month.

Compare Charles Schwab with Robinhood, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

	Charles Schwab	Robinhood

	Learn More	Visit Site
	SPECIAL OFFER $0 Commissions on Online Stock, ETF, and Options Trades - Learn More Read Charles Schwab Review	OFFER Get a Free Stock (worth between $5 and $200) - Learn More Read Robinhood Review
	Benefits and Features
Stock Trading	$0 commission on U.S. stocks and ETFs	$0
Options Trading	$0 + $0.65 per contract	$0
Annual Fee	None	None
Cryptocurrency Trading	No	$0
Minimum Deposit	$0	$0
Mutual Fund Trading	$0 for funds from Schwab Mutual Fund OneSource and up to $74.95 per purchase for all other funds	No
Commission Free ETFs	2,000+ across asset classes and fund companies, $0 commission through Schwab ETF OneSource™.	All U.S. listed ETFs
Phone Support		650-761-7789 (available 24/7)
Live Chat Support		Available 24/7 (requires sign in)
Email Support		Yes
Human Advisors		No
Robo Advisor		No
Assets Under Management		$102 Billion
Penny Stocks		Yes
Tax Loss Harvesting		No
Goal Tracker		No
Automatic Deposits		Yes
Broker Assisted Trades	$25.00 service charge	Not available
Good For		Beginners; Active traders
Inactivity Fee	None	$0
Maintenance Fee	$0	$0
Online Platform		Yes
iPhone App		Yes (4.2 stars, 4.3M ratings)
Android App		Yes (4.1 stars, 483k ratings)
Banking	Yes	Offers Robinhood spending account with Robinhood Cash Card issued by Sutton Bank
Mobile App	Yes	iOS & Android
Desktop App	Yes	None
Two-Factor Authentication		Device approvals, Authenticator app, SMS
Forex Trading		No
Futures Trading	$2.25 per contract	No
Bond Trading		No
CFD Trading		No
Currency Trading		No
Customer Service	24/7	Live Chat (24 hours via Robinhood app) Phone: 650-761-7789 (available 24/7) Email: support@robinhood.com
Locations	300 locations	No
Online Community	Yes	No
Seminars	Yes	Yes
Trading Platform	Desktop, Web Trading, Mobile Apps	Web Trading, Mobile Apps
Virtual Trading	Yes (thinkorswim platforms)	No
Fractional Shares		Yes
Taxable Accounts		Yes
401k Plans		No
IRA Accounts		Yes
Roth IRA Accounts		Yes
SEP IRA Accounts		No
Trust Accounts		No
529 Plans		No
	CreditDonkey® Reviews

Stock Trading
Options Trading
Mutual Fund Trading
Online Platform
Banking
Mobile App
Commissions and Fees
Ease of Use
Research
Minimum Deposit
Customer Service
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	Pros: Commission-free trades No minimum Extended trading hours Cons: Limited research No mutual funds & bonds
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	Free way to trade stocks with limited bells and whistles... Read full review
	Learn More	Visit Site
	$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	Get a Free Stock (worth between $5 and $200) Commission-Free Trades Buy and Sell Cryptocurrency
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Charles Schwab: Pricing information from published websites as of 11/09/2024. Robinhood: Pricing information from published websites as of 08/13/2024.

Get a Free Stock (worth between $5 and $200)

Get a Free Stock

Commission-Free Trades

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Trade stocks, funds, options, and cryptocurrencies

Buy and Sell Cryptocurrency

Robinhood Crypto offers commission-free cryptocurrency investments 24/7. Some of the cryptocurrencies available are Bitcoin, Dogecoin, Ethereum, and Litecoin. This offer is currently available to selected states.

Get Deal

Which is Better: Charles Schwab or Robinhood?

Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing Charles Schwab or Acorns.

In short: Charles Schwab's research is excellent. Robinhood's commissions and fees and ease of use are impressive.

Articles on Charles Schwab

Charles Schwab Review

Charles Schwab is one of the oldest names in the world of investing. With low fees, no account minimums, and robust research tools, it's a good brokerage for all levels of investors.

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