Charles Schwab vs Robinhood Comparison: Fees, Features, and More (2025)

Charles Schwab and Robinhood are two leading discount brokerages offering commission-free stock and ETF trading. Use this head-to-head comparison table to evaluate fees, features, trading tools, and account options to help you decide which broker is right for you in 2025.

Head-to-Head Comparison: Charles Schwab vs Robinhood (2025)
Feature Charles Schwab Robinhood
Website https://www.schwab.com/ https://robinhood.com/
Broker Type Full-Service Mobile-Only
Trading: Stock & ETF? Yes Yes
ETF & Stock commission No fee No fee
Fractional Shares? No Yes
Percent Allocations? No No
Crypto Trading? No Yes
Crypto Fees not applicable approx. 1%
Options Trading? Yes Yes
Options Fee 65 cents No fee
Bond Trading Available? Yes Yes
Pays for Order Flow (PFOF)? Yes Yes
Interface: Web trading? Yes Yes
Desktop trading? Yes; thinkorswim and StreetSmart Edge No
API Trading? No No
Mutual Funds: Offered? Yes No
Total Mutual Funds Over 10,000 None
NTF Mutual Funds Over 4,000 None
Non-NTF Fund Fee $74.95 not applicable
Early Redemption Fee? Yes not applicable
Redemption Hold (Days) 90 days not applicable
Early Redemption Fee $49.95 not applicable
Accounts: Margin Accounts? Yes Yes
IRAs Offered? Yes Yes
HSAs Offered? Yes, through other providers No
Money Market Sweep? No Yes, Robinhood Gold
CDs Offered? Yes Yes
Robo-Advisor: Offered Yes No
Robo-Advisor Service Schwab Intelligent Portfolios none
Robo-Advisor Fes 0.00% to 0.30% not applicable
Basics: Headquarters San Francisco, CA Menlo Park, CA
Year Founded 1971 2013
Clearing Firm Charles Schwab & Co., Inc. Robinhood Securities, LLC
Local Branches? Yes, about 400 locations No
New Account Minimum $0 $0

Once you’ve chosen a broker, find high-performing, investable model portfolios at RecipeInvesting.com


Compare Charles Schwab to All Brokers