Schwab vs E*TRADE 2026: Full Comparison
E*TRADE
Charles Schwab subsidiary offering commission-free trading and stock research tools.
Existing E*TRADE account holders unwilling to migrate, those preferring E*TRADE's research interface, and users seeking stock/ETF/options trading without platform switching.
Quick Answer
AI SummaryCharles Schwab acquired E*TRADE in 2020 and has since consolidated most E*TRADE operations into its platform, making Schwab the primary independent brokerage choice. E*TRADE now operates as a Schwab subsidiary with limited independent product differentiation.
Read full verdictChoose Charles Schwab if you want an independent brokerage with the broadest product range, stronger mobile app ratings, and direct access to futures and forex trading without subsidiary consolidation. Choose E*TRADE only if you already use it and prefer its interface, but understand that Schwab is consolidating its features and you'll eventually migrate to Schwab's ecosystem anyway.
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Choose Charles Schwab if
Self-directed investors seeking broad product access, active traders, and those wanting an independent platform without subsidiary ownership.
Choose E*TRADE if
Existing E*TRADE account holders unwilling to migrate, those preferring E*TRADE's research interface, and users seeking stock/ETF/options trading without platform switching.
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Key Differences at a Glance
- Company Status (2026):✓ Charles Schwab wins(Independent publicly traded company vs Schwab subsidiary (acquired 2020))
- Minimum Account Balance:$0 vs $0
- Commission on Stock/ETF Trades:$0 vs $0
Key Facts & Figures
36 numeric metrics compared
| Metric | Charles Schwab | E*TRADE | Ratio |
|---|---|---|---|
| Average Mutual Fund Expense Ratio(%) | 0.40% | — | — |
| Commission-Free ETF Count(count) | 4,000+ | — | — |
| Stock Trading Commission(USD per trade) | $0 | — | — |
| Educational Content Resources(count) | 2,000+ articles/webinars | — | — |
| Mobile App Rating (iOS)(stars) | 4.8/5 | — | — |
| Total Assets Under Management(billion USD) | $7,780 billion | — | — |
| Active User Base(Millions) | 35 million | — | — |
| Stock Commission per Trade(USD) | $0 | — | — |
| Options Contract Fee(USD per contract) | $0.65 | — | — |
| Account Types Supported(Count) | 15 types | — | — |
| Minimum Account Balance(USD) | $0 | — | — |
| Assets Under Administration(USD Trillions) | $7.6 trillion | — | — |
| Available Mutual Funds(number of funds) | 20,000+ | — | — |
| Average ETF Expense Ratio(%) | 0.08% | — | — |
| Customer Service Rating (J.D. Power 2024)(Score (out of 5)) | 4.8/5 | — | — |
| Options Trading Commission(USD per contract) | $0.65 | — | — |
| Mobile App Rating (2024)(Stars (out of 5)) | 4.7/5 | — | — |
| Assets Under Management (AUM)(Trillion USD) | $8.07 trillion | — | — |
| Average Index Fund Expense Ratio(%) | 0.04% | — | — |
| Robo-Advisor Management Fee(%) | 0.30% | — | — |
| Stock & ETF Commission(USD per trade) | $0 | — | — |
| Number of Index Funds Available(count) | 500+ | — | — |
| Client Satisfaction Rating (2024)(out of 5) | 4.4 stars | — | — |
| Personal Advisor Service Minimum(USD) | $25,000 (recommended) | — | — |
| Commission Per Stock Trade(USD) | $0 | $0 | |
| Minimum Account Balance(USD) | $0 | $0 | |
| Minimum Trade Amount (Fractional Shares)(USD) | $1 | $1 | |
| Mobile App User Rating(stars) | 4.3/5 (89K reviews) | 4.3/5 (89K reviews) | |
| Research Reports Available Daily(count) | 500+ analyst reports | 500+ analyst reports | |
| Maximum Options Trading Level(level) | Level 4 | Level 4 | |
| Cryptocurrency Trading Support(count of assets) | None | None | |
| Stock Trading Commission(USD per trade) | $0 | $0 | |
| Options Trading Commission(USD per contract) | $0 (+ $0.65 regulatory fee) | $0 (+ $0.65 regulatory fee) | |
| Mobile App Rating (2025)(stars out of 5) | 4.6 | 4.6 | |
| Research Reports & Analysis(count) | 3,000+ educational videos + daily research briefings | 3,000+ educational videos + daily research briefings | |
| Account Types Available(count) | 6+ (Individual, IRA, 401k, Joint, Trust, Rollovers) | 6+ (Individual, IRA, 401k, Joint, Trust, Rollovers) |
Sourced from publicly available data ·
Key Differences
7 attributes compared head-to-head
- Independent publicly traded company(winner)Company Status (2026)Schwab subsidiary (acquired 2020)
- $0Minimum Account Balance$0
- $0Commission on Stock/ETF Trades$0
- 4,000+Number of Commission-Free ETFs4,000+ (via Schwab platform)
- 4.7/5 stars(winner)Mobile App Rating (Apple App Store, 2025)4.5/5 stars
- $500 (Schwab Intelligent Portfolios)Robo-Advisor Starting Investment$500 (E*TRADE Core Portfolios)
- Stocks, ETFs, mutual funds, bonds, options, futures, forex, crypto(winner)Investment Options DiversityStocks, ETFs, mutual funds, bonds, options (crypto via Schwab)
- Company Status (2026)
Charles Schwab
Independent publicly traded company(winner)
E*TRADE
Schwab subsidiary (acquired 2020)
- Minimum Account Balance
Charles Schwab
$0
E*TRADE
$0
- Commission on Stock/ETF Trades
Charles Schwab
$0
E*TRADE
$0
- Number of Commission-Free ETFs
Charles Schwab
4,000+
E*TRADE
4,000+ (via Schwab platform)
- Mobile App Rating (Apple App Store, 2025)
Charles Schwab
4.7/5 stars(winner)
E*TRADE
4.5/5 stars
Full Comparison
| Attribute | Charles Schwab |  E*TRADE |
|---|---|---|
| Average Mutual Fund Expense Ratio(%) | 0.40% | — |
| Stock Commission per Trade(USD) | $0 | — |
| Options Contract Fee(USD per contract) | $0.65 | — |
| Average ETF Expense Ratio(%) | 0.08% | — |
| Average Index Fund Expense Ratio(%) | 0.04% | — |
Show 4 more attributesRobo-Advisor Management Fee(%) 0.30% — Stock & ETF Commission(USD per trade) $0 — Stock Trading Commission(USD per trade) $0 — Options Trading Commission(USD per contract) $0 (+ $0.65 regulatory fee) — | ||
| Commission-Free ETF Count(count) | 4,000+ | — |
| Stock Trading Commission(USD per trade) | $0 | — |
| Educational Content Resources(count) | 2,000+ articles/webinars | — |
| Mobile App Rating (iOS)(stars) | 4.8/5 | — |
| Mobile App User Rating(stars) | 4.3/5 (89K reviews) | — |
| Mobile App Rating (2025)(stars out of 5) | 4.6 | — |
| Premium Research Tools Included | Morningstar Basic only | — |
| Customer Service Hours(hours/week) | 24/7 phone support for all users | — |
| Customer Support Hours(availability) | 168 (24/7) | — |
| Total Assets Under Management(billion USD) | $7,780 billion | — |
| Active User Base(Millions) | 35 million | — |
| Account Types Supported(Count) | 15 types | — |
| Minimum Account Balance(USD) | $0 | — |
| Minimum Account Balance(USD) | $0 | — |
| Assets Under Administration(USD Trillions) | $7.6 trillion | — |
| Available Mutual Funds(number of funds) | 20,000+ | — |
| Customer Service Rating (J.D. Power 2024)(Score (out of 5)) | 4.8/5 | — |
| Options Trading Commission(USD per contract) | $0.65 | — |
| Mobile App Rating (2024)(Stars (out of 5)) | 4.7/5 | — |
| Assets Under Management (AUM)(Trillion USD) | $8.07 trillion | — |
| Number of Index Funds Available(count) | 500+ | — |
| Client Satisfaction Rating (2024)(out of 5) | 4.4 stars | — |
| Personal Advisor Service Minimum(USD) | $25,000 (recommended) | — |
| Commission Per Stock Trade(USD) | $0 | — |
| Minimum Trade Amount (Fractional Shares)(USD) | $1 | — |
| Research Reports Available Daily(count) | 500+ analyst reports | — |
| Research Reports & Analysis(count) | 3,000+ educational videos + daily research briefings | — |
| Maximum Options Trading Level(level) | Level 4 | — |
| Phone Support Hours(days per week) | 5 days/week (24 hours) | — |
| Cryptocurrency Trading Support(count of assets) | None | — |
| Account Types Available(count) | 6+ (Individual, IRA, 401k, Joint, Trust, Rollovers) | — |
| Cryptocurrency Trading(asset types) | No - only via crypto ETFs/blockchain stocks | — |
E*TRADEShow 4 more attributes
Pros & Cons
11 pros·7 cons across both
Charles Schwab
Pros
Cons
E*TRADE
Pros
Cons
Frequently Asked Questions
7 questions
No. Charles Schwab completed its acquisition of E*TRADE in October 2020. E*TRADE now operates as a Schwab subsidiary. While it maintains its brand and some distinct features, Schwab has consolidated backend systems and most product development occurs on the Schwab platform. New E*TRADE customers are increasingly directed toward Schwab's ecosystem.
Schwab has not mandated account migration, but the company has indicated that E*TRADE will eventually be fully integrated into Schwab's platform. Existing E*TRADE account holders can keep their accounts, but new feature rollouts and optimizations are prioritized on Schwab's platform. If you want access to the latest tools (futures, forex, crypto), you may need to open a Schwab account.
Both platforms offer professional-grade research. E*TRADE is traditionally known for its detailed company reports and earnings analysis. However, Schwab has significantly enhanced its research capabilities through acquisitions and now offers comparable depth. Schwab's advantage is broader coverage, including futures and forex research, while E*TRADE focuses more narrowly on stocks and options.
Both platforms offer zero-commission trading on stocks and ETFs. However, Schwab charges foreign exchange fees on international trades (typically 1-2% of transaction value), margin interest rates apply to borrowed funds, and options require a separate approval process. E*TRADE has similar fee structures. Mutual fund purchases may carry sales loads depending on the fund type.
Schwab edges ahead for beginners due to superior mobile app ratings (4.7 vs 4.5 stars), more intuitive navigation, and Schwab's beginner-friendly educational content. Both offer $500 robo-advisor minimums and zero-commission trading. However, Schwab's broader product access and stronger customer service support make it slightly more beginner-friendly, especially if you want to grow into active trading.
The main drawback is that E*TRADE is no longer independent: Schwab acquired it in 2020, and most product development and backend systems have been consolidated onto Schwab's platform. Its mobile app rates 4.5 out of 5 on the Apple App Store versus Schwab's 4.7, and its product range is narrower, with futures and forex access sitting on the Schwab side. New features tend to reach Schwab customers first.
Schwab's costs show up outside of trading commissions rather than in them: stock and ETF trades are $0, but foreign exchange fees of roughly 1-2% of transaction value apply to international trades, margin interest accrues on borrowed funds, options trading requires separate approval, and mutual funds may carry sales loads. Longtime E*TRADE users may also find Schwab's interface unfamiliar as the two platforms are consolidated.
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