|
|
Compare OptionsXpress vs Charles Schwab
|
|
|
- Stocks and ETFs: $9.95 if under 1001 shares; $0.01 per share if over 1000 shares
- Options (0-34 trades/quarter): $14.95 (for one contract), $14.95 (for five contracts), $15 (for 10 contracts), $30 (for 20 contracts)
- Options (35+ trades/quarter): $12.95 (for one contract), $12.95 (for five contracts), $12.95 (for 10 contracts), $20 (for 20 contracts)
- Mutual Funds: $14.95
- Investments: stocks, options, mutual funds, bonds, futures, ETFs
- Minimum to open account: $0 for cash account, $2000 for margin account
- All OptionXpress fees and margin rates
|
- Stocks and ETFs: $8.95
- Options: $8.95 plus $0.75 per contract
- Mutual funds: $49.95. Mutual Fund OneSource® Funds - free
- Investment products: stocks, bonds, mutual funds, futures, treasury issues, options, CDs, insurance, ETFs,
annuities, non-U.S. securities and ADRs, WEBs and Canadian foreign orders
- Minimum to open account: $1,000
- All Charles Schwab fees and margin rates
|
|
|
- Best customer service
- Many well-designed trading tools
- No hidden fees
- No fee IRA accounts
- Great research
- Free real-time and streaming quotes
- Free virtual trading
- $0 to open cash account
- Free account transfers
- Free instructor lead online classes
- Free broker-assisted trading
|
- Traditional banking features: credit cards and checking accounts
- Around 300 offices for personal visits and deposits and 24/7 support
- No account service fees
- Rich selection of investing products
- Minimum balance requirement: $1,000
- Excellent customer service
|
|
|
- High trading costs for stocks and options
|
- High commissions on stocks, options, mutual funds and ETFs
- Average trading tools
- Outdated and difficult to navigate website
|
OptionsXpress or Charles Schwab Comparison Summary
OptionsXpress
and
Charles Schwab
are very similarly priced for stocks and ETFs: $8.95 and $9.95 (you have to make over 8 trades per quarter to get this rate with OptionsXpress).
Charles Schwab, however, charges much more for mutual funds: $49.99 against $14.95 at OptionsXpress.
OptionsXpress and Charles Schwab have similar levels of customer service, trading tools and research. OptionsXpress
also provides virtual trading and customers could open account and give it a try with just $0.
Both companies have no account maintenance fees, no IRA setup and annual fees, and no surcharges for penny stocks
(stocks under $1). We rated OptionsXpress as one of the
Best IRA Stock Brokers.
Out of these two brokerage companies, OptionsXpress is clearly a better choice.
|

|
|
|
|
|
|