In 2025, Charles Schwab and E*TRADE are two of the most trusted online brokers. Both offer a wide range of investments, low trading costs, user-friendly platforms, and robo advisor options for hands-off investors. Whether you are new to investing or experienced, choosing the right broker depends on your goals and how you like to trade.
Charles Schwab is great if you want more investment choices, strong research tools, and in-person support. E*TRADE is a better pick if you prefer lower fees and a simple, easy-to-use platform, especially for Options and Futures trading. Read our full Charles Schwab brokerage account review to see a detailed breakdown of its platform and pricing.
This Charles Schwab vs. E*TRADE comparison will help you understand the key differences, including fees, features, tools, and account types, so you can choose the best fit for your needs in 2025.
Charles Schwab vs. E*TRADE: Key features & Platform overview
Charles Schwab and E*TRADE from Morgan Stanley are two of the most trusted and popular online brokerage platforms, offering many investment options and powerful trading tools. Both cater to investors at all levels, combining strong regulatory oversight with user-friendly features and excellent customer support.
Here is a detailed comparison of E*TRADE vs Charles Schwab features to help you decide which broker is better for you.
| Features | Charles Schwab | E*TRADE from Morgan Stanley |
|---|---|---|
| Regulators | SEC, FINRA, and CFTC | SEC, FINRA, and CFTC |
| Investor protection | SIPC, Excess SIPC up to $600M, and FDIC up to $250,000 | SIPC up to $500,000 ($250,000 cash) and FDIC up to $250,000 |
| Awards – 2024 to 2025 | Overall Broker StockBrokers.com 2025 Newsweek Best Customer Service 2025 IBD & NerdWallet Awards | #1 Web trading platform (13th year, Stock Brokers.com 2025) Forbes Best-in-State 2024 Best for Beginners 2024 |
| Account types | Brokerage – cash and margin, IRAs -6 types, education, custodial, PCRA, and small business accounts | Brokerage account, traditional, Roth, Rollover, IRAs, premium savings account, and small business retirement |
| Minimum deposit | $0 for all accounts | No minimum deposit required |
| Trading platforms | thinkorswim – Desktop, Web, Mobile, Schwab.com, and Schwab Mobile app | Power ETRADE Web and app, ETRADE Web and app |
| Available assets | Stocks, ETFs, Options, Mutual Funds, Futures, Forex, Bonds, CDs, Crypto, Private Equity, Hedge Funds, Real Estate, etc. | Stocks, Options, Futures, ETFs, Mutual Funds, Bonds, and CDs |
| Deposit methods | ACH, Wire transfer, mobile check deposit, and mail-in check | ACH, Check, Wire transfer, account transfer, and direct deposit |
| Withdrawal methods | ACH, Wire transfer, and check | ACH, Check, Wire transfer, and account transfer |
| Customer support | Charles Schwab customer -24/7 Phone: 800-355-2162, live chat, in-person branches, and FAQs | Phone: 800-387-2331, live chat, mail, and FAQs |
Overall, both Charles Schwab and E*TRADE deliver robust features and reliable service, with slight differences in platform offerings, asset availability, and others that cater to diverse investor needs.
Fees & commissions – Which broker offers better value?
When comparing Charles Schwab vs. ETRADE fees, understanding their fee structures is key to determining which broker offers better value based on your trading style and needs.
Charles Schwab charges overview
Here is the complete fee and commission breakdown, including withdrawal and transfer fees:
- Stocks & ETFs: $0 online / $0 + $25 service charge broker-assisted
- Options: $0 base + $0.65 per contract online / $25 service charge broker-assisted
- US OTC Equities: $6.95 online, $6.95 / $25 service charge broker-assisted
- Mutual funds (Schwab OneSource): $0 online / $0 + $25 service charge broker-assisted
- Other Mutual funds: Up to $74.95 per purchase online / online fee + $25 service charge, broker-assisted
- Futures trading: $2.25 per contract for both online and broker-assisted
- Forex: $0 online (cost reflected in spread) / $0 online pricing for broker-assisted
- Foreign Stocks (US OTC Market): $50 foreign transaction fee online / $75 (includes $50 fee + $25 assistance) broker-assisted
Withdrawal and transfer fees
- Overnight check delivery: $15 or more
- Overnight Schwab-issued checks: $15
- Returned or bounced checks: $25
- Outgoing wire transfer (in-person): $25 per transfer
- Outgoing wire transfer (online): $15 per transfer
- Incoming wire transfer: No fee
- Account closing fee: Usually free, but confirm with a broker
This fee structure highlights Schwab’s transparent pricing with no hidden fees, making it a strong choice for a range of investors.
E*TRADE charges overview
- Stocks, ETFs, and Mutual funds: $0 commission for online trades / $25 fee for broker-assisted trades
- Options trading: $0.65- $0.50 per contract / $25 for broker-assisted options trades
- Futures contracts: $1.50 per contract, per side
- Bonds: $1.00 per bond / $20 commission for broker-assisted bond trades
Additional charges
- FINRA trading activity fee: $0.000166 per share
- Returned checks / EFTs: $25
- Paper statement fee: $2.00 per month
- Wire transfers: $0 incoming / $25 outgoing
- Overnight mail: $25 per request
- Full account transfer (ACAT): $75
- Check copies / duplicate forms: $0 (no charge)
Charles Schwab vs E*TRADE broker fees analysis
Charles Schwab offers access to Forex, international Stocks, or wants strong research tools, and in-person support. It is a good choice for long-term investors who want more variety, even if some fees are a bit higher.
E*TRADE usually offers better value for most investors, especially active traders. It has lower fees for Options and Futures trading, and $0 commissions on Stocks, ETFs, and Mutual funds, making it more affordable for frequent trading and simple investing.
In short, if you want to save on trading costs and trade often, E*TRADE is a better option. If you need more investment options and support, Schwab could be a better fit.
Trading tools & research – Charles Schwab vs. E*TRADE Analysis
Both Charles Schwab and E*TRADE offer strong trading tools and research, but they suit different types of traders. Charles Schwab gives advanced traders an edge with its powerful thinkorswim platform, offering detailed charting and strategy testing. It also provides useful research tools:
- Schwab Stock list: Shows top Stocks chosen by experts.
- Select lists: List Stocks by category or theme.
- Customizable screeners: Help you search Stocks using filters you choose.
E*TRADE, meanwhile, is known for its easy-to-use Power E*TRADE platform, which still offers advanced tools like interactive charts and options strategy builders. It is great for traders who want powerful features without the complexity. E*TRADE also includes in-depth research tools and a wide range of educational resources to support beginner and experienced investors alike.
Overall, the Charles Schwab vs. ETRADE trading platform choice boils down to your experience level and trading style. Schwab for advanced customization and deep analytics, E*TRADE for usability and broad accessibility.
Which broker is best for you? A final verdict for 2025
- In 2025, choose Charles Schwab as your online broker if you want more investment options, advanced tools, and in-person support, making it great for experienced traders.
- If you prefer lower fees, simple pricing, and an easy-to-use platform, especially for Options and Futures trading, E*TRADE is the better choice. For more details, check out our complete E*TRADE broker review.
- Both brokers are reliable, so the best one depends on your personal trading needs.
Conclusion
In conclusion, this online brokerage review shows both Charles Schwab and E*TRADE are solid choices in 2025, but it comes down to what you need. If you want a wider range of investment options, advanced tools, and the option to get help in person, Schwab is a great fit.
On the other hand, if you are looking for lower fees, straightforward pricing, and a user-friendly platform, especially for active trading, E*TRADE might be better. Ultimately, both brokers are reliable, so just pick the one that feels right for your style and goals.
Pro Tip
In E*TRADE vs Charles Schwab, go with Schwab if you want more investment options and in-person support, but choose ETRADE for lower fees and simpler trading tools. Explore our top Forex broker reviews and discover the best Forex brokers. Stay updated on the latest market trends and broker insights, and use our broker finder tool to make smart trading choices. Got questions? Leave a comment to learn more!
