Charles Schwab combines decades of brokerage trust with thinkorswim's professional trading tools after acquiring TD Ameritrade.
Each app below addresses a specific gap in Charles Schwab's offering. We picked them based on real user review patterns and feature differentiation.
Fidelity is Schwab's closest peer: $0 commissions, strong research, retirement accounts, banking, and zero-expense-ratio index funds. Its Active Trader Pro rivals thinkorswim for equities.
Explore Fidelity data →IBKR offers access to 150+ markets worldwide, the lowest margin rates in retail brokerage, and a Trader Workstation platform with advanced analytics. Ideal for active or international traders.
Explore Interactive Brokers data →E*TRADE is now part of Morgan Stanley and offers a full product range. Its Power E*TRADE platform excels for options and futures traders alongside solid retirement and research tools.
Explore E*TRADE data →Vanguard is the natural choice for buy-and-hold investors focused on index funds and ETFs. Its investor-owned structure keeps costs extremely low and aligns incentives with clients.
Explore Vanguard data →Webull delivers superior mobile trading charts and tools compared to Schwab's mobile app. It is better suited to active traders who rely primarily on their smartphone for trading decisions.
Explore Webull data →Merrill Edge integrates with Bank of America accounts and rewards, offering solid research and Preferred Rewards perks. A strong choice for investors already banking with BofA.
Explore Merrill Edge data →Schwab is one of the largest US brokerages by assets under custody, offering everything from retirement accounts to active trading on a single platform.
Yes. Charles Schwab completed its acquisition of TD Ameritrade in 2020 and has since integrated the thinkorswim trading platform into its product suite, available to all Schwab clients.
Yes. Schwab Intelligent Portfolios is a free robo-advisor (no advisory fee) that requires a $5,000 minimum. Intelligent Portfolios Premium adds unlimited financial planner access for $30/month.
Yes. Schwab offers Traditional IRA, Roth IRA, SEP IRA, SIMPLE IRA, and solo 401(k) accounts alongside taxable and custodial accounts for a comprehensive retirement planning solution.
App Vulture compares brokerage apps by user ratings, feature updates, and sentiment trends. Use it to find a Schwab alternative based on whether you prioritize active trading tools, retirement accounts, or robo-advising.
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