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Compare Charles Schwab vs TD Ameritrade


Online brokers compared for fees, trading platforms, safety and more. See how Charles Schwab stacks up against TD Ameritrade!

Charles Schwab vs TD Ameritrade
overall rating
4.6 / 5.0
4.5 / 5.0
overall pros
  • Outstanding research
  • Low fees
  • Great customer service
  • Solid research and education
  • Superb desktop trading platform
  • Great customer support
overall cons
  • No credit/debit cards and electronic wallets for money transfer
  • Only US markets covered
  • Not well-structured education
  • High trading fees
  • No credit/debit cards and electronic wallets for money transfer
  • Only US markets covered
fees
4 stars
  • Low trading fees
  • No inactivity fee
  • Some ETFs, bonds, and mutual funds are free
  • High financing rate
  • High fees for mutual funds
3 stars
  • No withdrawal fee
  • No inactivity fee
  • High trading fees
  • High financing rate
account opening
5 stars
  • Fast account opening
  • Fully digital account opening
  • No minimum account balance
  • For non-US clients $25,000 minimum
3 stars
  • User-friendly
  • Many account types
  • No minimum account balance for US clients
  • Not fully digital
deposit and withdrawal
2 stars
  • No deposit fee
  • User-friendly
  • Credit/Debit card deposit and withdrawal not available
  • Only one account base currency
  • High fee for wire withdrawals
2 stars
  • Free withdrawal
  • No deposit fee
  • User-friendly
  • Credit/Debit card deposit and withdrawal not available
  • Only one account base currency
web trading platform
4 stars
  • User-friendly
  • Clear fee report
  • Price alerts
  • No two-step (safe) login
  • Limited customizability (for charts, workspace)
4 stars
  • User-friendly
  • Clear fee report
  • Good search function
  • No two-step (safe) login
  • Limited customizability (for workspace)
mobile trading platform
4 stars
  • User-friendly
  • Looks nice
  • No two-step (safe) login
  • No price alerts
4 stars
  • User-friendly
  • Good search function
  • Price alerts
  • No two-step (safe) login
desktop trading platform
4 stars
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • No two-step (safe) login
  • Only for Windows
5 stars
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Trading support functions
  • Great learning materials
  • No two-step (safe) login
markets and products
3 stars
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
  • Futures
3 stars
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • Futures
research
5 stars
  • Good interactive chart
  • Data on asset fundamentals
  • Trading ideas for stock and ETF
  • Hard to navigate
5 stars
  • Good interactive chart
  • Analyst recommendations for stocks, bonds, etc.
  • Data on asset fundamentals
customer service
4 stars
  • Live chat
  • Relevant answers
  • 24/7 availability
  • No email support
5 stars
  • Phone support
  • Live chat
  • Fast response time
education
3 stars
  • Trading platform tutorial videos
  • Educational videos
  • Good production quality
  • No demo account
  • Not well-structured
5 stars
  • Trading platform tutorial videos
  • Educational videos
  • paperMoney trading simulation/demo account
  • Regulated by top tier financial authority
  • High level of investor protection
  • Banking background
  • No negative balance protection
  • Regulated by top tier financial authority
  • High level of investor protection
  • Banking background
  • Additional insurance coverage
  • No negative balance protection
  • No investor protection in case of futures, forex
recommended for Investors and traders looking for solid research, low fees, and great customer service Investors and traders looking for solid research and well-equipped desktop trading platform