E*Trade vs Charles Schwab Comparison: Fees, Features, and More (2025)

E*Trade and Charles Schwab 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: E*Trade vs Charles Schwab (2025)
Feature E*Trade Charles Schwab
Website https://us.etrade.com/home https://www.schwab.com/
Broker Type Full-Service Full-Service
Trading: Stock & ETF? Yes Yes
ETF & Stock commission No fee No fee
Fractional Shares? No No
Percent Allocations? No No
Crypto Trading? No No
Crypto Fees not applicable not applicable
Options Trading? Yes Yes
Options Fee 50 to 65 65 cents
Bond Trading Available? Yes Yes
Pays for Order Flow (PFOF)? Yes Yes
Interface: Web trading? Yes Yes
Desktop trading? Yes; E*TRADE Pro Yes; thinkorswim and StreetSmart Edge
API Trading? Yes; E*TRADE Developer Platform No
Mutual Funds: Offered? Yes Yes
Total Mutual Funds Over 6,000 Over 10,000
NTF Mutual Funds Over 4,300 Over 4,000
Non-NTF Fund Fee $50 $74.95
Early Redemption Fee? No Yes
Redemption Hold (Days) 0 90 days
Early Redemption Fee $50 $49.95
Accounts: Margin Accounts? Yes Yes
IRAs Offered? Yes Yes
HSAs Offered? No Yes, through other providers
Money Market Sweep? No No
CDs Offered? Yes Yes
Robo-Advisor: Offered Yes Yes
Robo-Advisor Service Core Portfolios Schwab Intelligent Portfolios
Robo-Advisor Fes 0.30% 0.00% to 0.30%
Basics: Headquarters New York, NY San Francisco, CA
Year Founded 1996 1971
Clearing Firm Morgan Stanley Charles Schwab & Co., Inc.
Local Branches? Yes, about 30 locations Yes, about 400 locations
New Account Minimum $0 $0

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