Charles Schwab offers investors a complete suite of products and services with excellent stock research, quality trade tools, and professional planning.
They have everything from stocks and options trading to fixed income and retirement guidance.
While Robinhood is a commission-free investment platform that works diligently to remove any obstacles that may prevent individuals from investing.
They are primarily geared towards beginner investors through a sleek, easy to use design and layout.
Continue reading below to see a side-by-side comparison between Charles Schwab and Robinhood, so you can see which one offers the services you need the most.
|Mutual Fund Trading||4/5|
|Commissions and Fees||3/5||5/5|
|Ease of Use||4/5||5/5|
|Pros||-Selection of commission-free
ETFs and mutual funds
-2 platforms: beginners and advanced traders
-24/7 customer service including online chat
-Extended trading hours
|Cons||-Commission cost on mutual funds
outside of the commission-free funds
-Robo-advisor option requires
a minimum investment of $5,000
-No mutual funds & bonds
|Bottom Line||Charles Schwab is great for beginning and advanced investors. It offers low fees and 24/7 customer support that brokers might find helpful.||Robinhood is a free trading app that lets investors you trade stocks commission-free and has no account minimums.|
Which Bank is Better: Charles Schwab or Robinhood?
- Charles Schwab offers investors a wide array of services and tools including a top-notch mobile app.
- Robinhood is well known for their $0 stock, ETF, options, and cryptocurrency trades with a friendly website and mobile trading app platform.
For more variety of options, see our list of the best bank account bonuses & savings account offers.
More on Charles Schwab:
- How to Find Your Charles Schwab Login
- What Are Charles Schwab’s Hours?
- Charles Schwab Routing Number
- Charles Schwab Review
More on Robinhood:
Leave a Reply