Charles Schwab vs. E*TRADE
Charles Schwab and E*TRADE are both heavyweights and early entrants into online brokerage. Their long experience in the business and very large customer base provide them both with significant resources to invest in their platforms and services. Although Charles Schwab is the larger of the two, both brokers have the size and experience to serve investors and traders of all types. They have also grown even larger in recent years, after Morgan Stanley purchased E*TRADE in 2020, and following Schwab's purchase of TD Ameritrade in the same year. 1 2 In 2024, size matters because larger firms are able to expand access to new assets like spot cryptocurrency ETFs . E*TRADE and Charles Schwab were quick to go commission-free for stocks and ETFs. 3 4 They also offer similarly excellent tools and screeners as part of their platforms. While E*TRADE and Schwab are both very good online brokers that have many common features on their respective mobile, web, and desktop platforms, a...