Looks like you're using new Reddit on an old browser. For a beginner investor it’s been great and has amazing customer service. Thinkorswim is a great app. thanks for the detailed insight. I have accounts at both. Here is a summary. It has been a great place to learn. $6.95 per trade + $0.75 per options contract, $4.95 per trade + $0.65 per options contract. It is the autists that insist on trading complex options through rh. +1 for Schwab customer support. This Sneaky Retirement Planning Mistake Could Cost You More Than You Think. Both brokers also have a full line of stock and fund screeners to help you sort through potential investment ideas. . Or does the account keep vested? Options Fundamentals -- Founded in 1973, Charles Schwab is a full-service brokerage with over $3 trillion in total client assets. i love robinhood, but they dont have roths. The Ascent is The Motley Fool's new personal finance brand devoted to helping you live a richer life. TD....tight dick....very tight....very good. Rh will screw you all the time with sub optimal option fills and closing out positions an hour before close. Always in the US, always knowledgeable, and they seem human like unlike some script reading support you speak to. I read they have a sign up bonus for new accounts if referred by an existing Schwab customers. It's by far the best bank + broker in one. While Charles Schwab offers stock and ETF trades at $0 commission and options trading at $0 commission + $0.65 per contract. Current Plays and Ideas -- E*TRADE vs. Charles Schwab: A Brokerage Account Comparison for Long-Term Investors Here's how they compare on commissions, fund selection, minimum account sizes, and more. which I have no intention of trying. Keep in mind they do credit checks and hit with a hard inquiry, I already have stocks in both of the accounts. You can manually calculate and file independently to the irs. Your unsupported claim is underwhelming, More posts from the StockMarket community. -- Do you care about sleekness of the app when you choose broker? Ahh ok. To be clear: The Motley Fool doesn't endorse any particular broker. Do you mind sending me a referral link. I play around in RH with about $2000 but don’t put any new money in since I put new money in IRAs. Figured all TD accounts might be migrated to Schwab anyway in few months. Stock Advisor launched in February of 2002. If I weren't able to invest much beyond the 5 or 6k IRA limit, I probably wouldn't bother with RH. Read our comparison chart below. Decided to go with Schwab as they acquired TD. Absolutely love ETRADE. Press question mark to learn the rest of the keyboard shortcuts. Notably, E*TRADE slashes its commissions to $4.95 per trade, and $0.50 per options contract, for those who complete 30 or more trades per calendar quarter. In fact, E*TRADE and Capital One both have long lists of ETFs and mutual funds that you can buy and sell for free. In the table below, we've broken down each broker's commissions by trade type. I use TD, I'll just put it this way. Thank you everyone for your advice. But as far as investing directly on foreign stock exchanges, only Schwab offers that capability. I like Schwab better. 15 days ago. TDA/SCHWAB: you get a person if you call, RH, cust svc sucks - Do you care about … Minimum initial deposits vary by broker, but neither will require that you empty your bank account to open a brokerage account. Don't hesitate to tell us about a ticker we should know about, but read the sidebar rules before you post. Fidelity has a minimum opening requirement of $2,500, while E*Trade requires at least $500, and TD … 6 months ago. Charles Schwab vs Interactive Broker IBKR Lite With the announcement of IBKR Lite going live sometime between now and Halloween and Schwab going commission-free on 7 October, which one should I … I guess better built in stuff for tracking performance would be nice, but I kind of enjoy plugging things into my shitty Excel spreadsheet each month anyway. We've just skimmed the top of what both brokers have to offer in the research department. What about TD and Schwab? Or not having a phone number to call to place a trade before taking a flight to Hawaii. Both brokers waive commissions on certain ETFs and mutual funds. Cell phones and tablets can be turned into trading stations just by downloading a brokerage app. IRAs - I have them elsewhere and there's a limit to what I can contribute to those. Charles Schwab and E*TRADE measure up well in a head-to-head showdown, with both brokerages offering a comprehensive variety of financial services at highly competitive rates. Cookies help us deliver our Services. Generally I'd rather take the dividends from across my portfolio and buy a few hand picked shares rather than DCAing into a bunch of stuff automatically. Send me an email by, Cumulative Growth of a $10,000 Investment in Stock Advisor, E*TRADE vs. Charles Schwab: A Brokerage Account Comparison for Long-Term Investors @themotleyfool #stocks $STT $SCHW $ETFC $MORN $WETF. It’s often what you know that is best. Robinhood sells all shares first in first out. If I’m buying a small position, and my fill take an extra minute or is a few cents off, I can live with that for saving $5-10 in trading fees. 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. Neither...try Thinkorswim (TOS), through Tdameritrade, best for options trading. To us, a platform is just a means to an end -- a way to make a trade when we need to. Information overload though. Use a referral if you use schwab, free $100. TDA/SCHWAB: you get a person if you call, RH, cust svc sucks - Do you care about cust svc as it only happens once a while. Let's conquer your financial goals together...faster. It is great for small stock or etf investing. By using our Services or clicking I agree, you agree to our use of cookies. RH you pay nothing, but you get nothing too.. TDA/Fidelity gives lots of stuff, but do you care about those. Do you mind sending me a referral link. I think stock investors can benefit by analyzing a company with a credit investors' mentality -- rule out the downside and the upside takes care of itself. International stock trading frequently comes with higher commission prices that vary based on the particular market. They lowered their transaction fee to $7 from $10. Press J to jump to the feed. Press question mark to learn the rest of the keyboard shortcuts. Charles Schwab: Open Schwab account and get $0 fee stock trades. Press question mark to learn the rest of the keyboard shortcuts. Jordan … Having customer service readily available on the phone would be nice, but I don't need or want to go to a physical office. Unless you are pushing big numbers, in which case the commissions are irreverent, use Tastyworks (or TDA if you don't mind haggling with them on the phone for better commissions). Learn more about the current special offers for opening a traditional brokerage account or an IRA account at Fool.com's Broker Center and IRA Center, respectively. The E*TRADE API is excellent, so automating a lot of stuff is easy. Strategies -- The executions (especially) and customer service are on point, price now good too at 4.95. Robinhood doesn’t let you name a beneficiary to your account. . Been banking with schwab for 15 years. Fund investors could find plenty to like about E*TRADE's niche commission-free ETF assortment, while others might prefer the simple indexes that make up most of Schwab's commission-free ETFs. Charles Schwab and TD Ameritrade have equal fees for trading stocks (equities), $0 per trade. Out of those 3.. TD is by far the worst. TD is good. Learn more about special offers for brokerage accounts, as well as IRA accounts. There is a $500 minimum deposit, no maintenance fee and no inactivity fee. Schwab requires a minimum of $1,000 to open an account (this obligation can be waived by opening a Schwab checking account during the application process). Love Schwab. Stock Market Loss in 2020? If so, how is it? Robinhood makes money though spreads. People around here love Vanguard but Schwab is even cheaper and is more personable. I believe Charles Schwab is cheaper. IB has cheaper futures trading but that's it. 100+ (WisdomTree, Global X, IndexIQ and more). If I didn't have so much tied up in it I'd be gone by now, I used Etrade years ago and it was pretty good. Etrade… RH you pay nothing, but you get nothing too.. TDA/Fidelity gives lots of stuff, but do you care about those. Press question mark to learn the rest of the keyboard shortcuts. If foreign investments are an important part of your portfolio, the differences between brokers may be important to you. TDA - great tools - but tools are free in lots of other websites -> do you care? App- Not a big deal, but it's a very small plus in RH's favor. Both E*TRADE and Charles Schwab have a lot to offer. Frankly, it would be hard for any individual to run out of reports to read or screening tools to use at either broker, and depending on your needs, research provided by E*TRADE and Charles Schwab could be a big benefit. I imagine Schwab will be more user-friendly but I wonder if IBKR Lite will work with the VectorVest app like regular IBKR does. Market data powered by FactSet and Web Financial Group. Does anyone here have an account with Schwab? New comments cannot be posted and votes cannot be cast, Let's Talk About: Do you care? ETrade’s new option trading platform is pretty good. We aren't traders, and therefore, we probably aren't the best people to ask when it comes to trading platforms. I said most of the same stuff in this thread from yesterday, but I'll give it a go. Anyone have experience with both? I thinking of switching over from Fidelity. New comments cannot be posted and votes cannot be cast, Press J to jump to the feed. You can buy ETFs and mutual funds that own foreign stocks at either broker. i think ill set up a roth and use it for indexes, and keep my hood for fuckin around. What about Charles Schwab vs TD Ameritrade pricing? The Motley Fool always invests with a long-term view. TDAMERITRADE. What about the long term? Charles Schwab vs Interactive Broker IBKR Lite. But one bad experience with RH cust svc can make you abandon them which happened with me. I've used RH before (trash executions) and TOS, which is great, but lately I've been mainly using ETRADE pro simply because I like my layout better on that platform. robinhood is significantly better than both. E*TRADE requires only $500 to open an account. Plus their ETFs are even lower ER than Vanguard and zero commissions to trade them. Charles Schwab all the way. Press question mark to learn the rest of the keyboard shortcuts. In addition, investors should see if they qualify for special offers to open a traditional brokerage account, or an IRA, which can substantially reduce your true cost to make a trade. They had the request escalated to a higher level person and they were able to apply it to my account. Fidelity customers can visit one of the broker’s 190 locations; and E*Trade comes in at 30. 2 years ago +1 for Schwab customer support. They had the request escalated to a higher level person and they were able to apply it to my account. Always in the US, always knowledgeable, and they seem human like unlike some script reading support you speak to. From your comments, customer service missing is the only problem which TDA/Schwab has plenty. How … Let's break it down, item by item. Charles Schwab provides access to Schwab, S&P, and Morningstar reports. With long term buy and hold this is kind of a non-issue. I benefit too much from free trading. I plan to hold equities in my IRA vs ETFs but it would be good to compare the funds available as I plan on helping my fiancée set up a Roth IRA by the end of this year and know she won't be active so would probably put her money an ETF.