Trading at-a-glance.

At Schwab, you'll find much of the same trading and investing functionality that you're used to. And because we're always working to improve the experience, you'll also enjoy new enhancements and upgrades.

What to expect on Schwab trading platforms, including recent enhancements and upgrades:

What to expect on Schwab trading platforms, including recent enhancements and upgrades:

  • 
  • TD Ameritrade
  • Schwab
  • 
    Products
  • TD Ameritrade
    Trade stocks, ETFs, options, futures, and forex. Plus utilize margin on all trading platforms.
  • Schwab
    Trade stocks, ETFs, options, and futures, along with foreign stocks. Continue to utilize margin on all trading platforms. Plus, trade fractional shares with Schwab Stock Slices® and access 40+ thematic stock list suggestions.
  • 
    Options Trading
  • TD Ameritrade
    • Support for up to 2-leg options strategies (tdameritrade.com only) and 2-leg strategies on TD Ameritrade Mobile.
    • Streaming quotes available on underlying securities only in trade tickets.
    • Can exercise options online. 
  • Schwab
    • Support for up to 4-leg options strategies on both Schwab.com and Schwab Mobile.  
    • Streaming quotes on underlying securities in the Options Chain.
    • Streaming quotes available on both underlying securities and options in trade tickets.
    • Support for multi-leg options trading in the SnapTicket®.  
    • Conveniently set up commonly used options strategies (up to 4 legs) with the click of a button using the new Trade Builder (Schwab.com) or Strategy selection (All-In-One Trade Ticket®, Schwab.com, and mobile trade ticket).
    • Ability to exercise long options online.
    • thinkorswim® continues to provide additional options trading tools and features.
  • 
    Streaming Quotes
  • TD Ameritrade
    Streaming market data available on Positions, Order Status, Research, Options Chain, Watchlists, and Trade Tickets.
  • Schwab
    • Streaming market data available on positions, watchlists, trade tickets, options chain, order status, and research.
    • thinkorswim has a robust streaming data experience, including Level 2 quotes.  
  • 
    Trade Ticket
  • TD Ameritrade
    Trade seamlessly and on demand with SnapTicket, and on mobile.
  • Schwab
    • SnapTicket is available on key Schwab.com pages, supporting core functionality like equity, single-leg and multi-leg options order entry, along with the ability to add and delete options legs. It also has a Trade & Probability Calculator.
    • A redesigned mobile trade ticket provides a more intuitive trading experience, including simpler multi-leg options trading through the Options Chain and streaming market data. In addition, it now includes pre-fill animation for quantity and price, along with access to strategy chains.
    • The All-in-one Trade Ticket on Schwab.com now includes trade preferences, an enhanced quantity calculator, and a strategy chain link. 
  • 
    Watchlists
  • TD Ameritrade
    Watchlists with customized columns.
  • Schwab
    • Watchlists with customized columns. Create up to 50 watchlists, with up to 300 symbols and 15 data points per list on Schwab.com and Schwab Mobile.
    • Watchlists at Schwab have a "Settings" feature to set preferences (web), and additional features such as exporting CSV files (web), news in watchlists (web), and hard-to-borrow data points.  
  • 
    Alerts
  • TD Ameritrade
    Choose from a wide range of portfolio, research, and securities alerts on both tdameritrade.com and mobile.
  • Schwab
    Continue to choose from a wide range of portfolio, research, and securities alerts on Schwab.com and Schwab Mobile.
  • 
    Research & News
  • TD Ameritrade
    Access round-the-clock market news, analyst reports, daily updates, and third-party research to enhance your trading skills and help recognize potential investment opportunities.
  • Schwab
    • In addition to similar access to research and news, discover valuable new proprietary tools such as Schwab Equity Ratings®, Select Lists, and market updates. Reports and ratings are now available on mobile as well as on Schwab.com.
    • Discover enhanced functionality including stock comparison quick links on Schwab.com, and improved charting. 
  • 
    Insights & Education
  • TD Ameritrade
    Access robust education covering a wide range of topics.
  • Schwab
    Get in-depth education and timely expert perspectives with the best-in-class education from TD Ameritrade combined with Schwab experts' market commentary and perspectives on investing, trading, and personal finance.
  • 
    Portfolio Performance
  • TD Ameritrade
    Portfolio performance reporting not available.
  • Schwab
    Portfolio performance reporting is available, along with Portfolio Checkup tools and investment income reporting.

Options carry a high level of risk and are not suitable for all investors. Certain requirements must be met to trade options through Schwab. Please read the Options Disclosure Document titled "Characteristics and Risks of Standardized Options" before considering any option transaction. Call Schwab at 1-800-435-4000 for a current copy. Supporting documentation for any claims or statistical information is available upon request.

Multiple leg options strategies will involve multiple commissions. Spread trading must be done in a margin account.

Brokerage Products: Not FDIC Insured • No Bank Guarantee • May Lose Value

Investing involves risk including loss of principal.

Schwab Stock Slices is not intended to be investment advice or a recommendation of any stock. Investing in stocks can be volatile and involves risk, including loss of principal. Consider your individual circumstances prior to investing.

The Trade & Probability Calculator provides calculations that are hypothetical in nature and do not reflect actual investment results, or guarantee future results. 

Futures, and futures options trading involves substantial risk and is not suitable for all investors. Please read the Risk Disclosure Statement for Futures and Options prior to trading futures products. 

Forex trading involves leverage, carries a substantial level of risk and is not suitable for all investors. Please read the NFA Booklet Trading Forex: What Investors Need to Know prior to trading forex products.

Futures and forex accounts are not protected by the Securities Investor Protection Corporation (SIPC). Forex accounts do not receive a preference in any bankruptcy proceeding pursuant to Part 190 of the CFTC’s regulations.

Additional CFTC and NFA futures and forex public disclosures for Charles Schwab Futures and Forex LLC can be found here.

Futures, futures options, and forex trading services provided by Charles Schwab Futures and Forex LLC. Trading privileges subject to review and approval. Not all clients will qualify. Forex accounts are not available to residents of Ohio or Arizona. 

Charles Schwab Futures and Forex LLC (NFA Member) and Charles Schwab & Co., Inc. (Member SIPC) are separate but affiliated companies and subsidiaries of The Charles Schwab Corporation.

Charles Schwab Futures and Forex LLC is a CFTC-registered Futures Commission Merchant and NFA Forex Dealer Member.

Requires a wireless signal or mobile connection. Access to Electronic Services may be limited or unavailable during periods of peak demand, market volatility, systems upgrade, maintenance, or for other reasons. Functionality may vary by operating system and/or device. Mobile carrier data charges may apply.

The Charles Schwab Corporation ("Charles Schwab") provides a full range of brokerage, banking and financial advisory services through its operating subsidiaries. It's broker-dealer subsidiary, Charles Schwab & Co., Inc. ("Schwab") Member SIPC, offers investment services and products, including the Schwab One® brokerage account. Its banking subsidiary, Charles Schwab Bank, SSB (Member FDIC and an Equal Housing Lender), provides deposit and lending services and products. Access to Electronic Services may be limited or unavailable during periods of peak demand, market volatility, systems upgrade, maintenance, or for other reasons.

TD Ameritrade, Inc., Member SIPC, a subsidiary of The Charles Schwab Corporation. TD Ameritrade is a trademark jointly owned by TD Ameritrade IP Company, Inc. and The Toronto-Dominion Bank.

This site is designed for U.S. residents. Non-U.S. residents are subject to country-specific restrictions. 

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