The Annual ETF.com Awards

May 01, 2020

BEST ONLINE BROKER FOR ETF-FOCUSED INVESTORS

WINNER: Charles Schwab

The awards committee has given Charles Schwab the 2019 award for Best Online Broker for ETF-Focused Investors, and it’s easy to see why. The website and mobile apps are well-designed, making trading and tracking portfolios a breeze.

By using Schwab, investors have access to commission-free trading on all ETFs (and stocks, too), whether they’re trading in the U.S. or in Canada. That includes commission-free trading on Schwab’s suite of low-cost ETFs, as well as on ETFs from other issuers.

The committee viewed Charles Schwab’s customer service positively, an important factor that separates it from newer brokers like Robinhood, which are not as hands-on.

 

BEST ETF PLATFORM

WINNER: Charles Schwab

Already beloved for its ultra-low-cost ETFs, Charles Schwab has also been awarded the title of Best ETF Platform of 2019. The firm is a pioneer in low-cost ETF investing. Even before commission-free trading became widespread, Charles Schwab took the lead, allowing hundreds of ETFs to be bought and sold without commissions on their platform. For that, the firm deserves significant credit.

Today Schwab still offers trading in ETFs for free, access to its suite of low-cost funds, and a host of ETF resources, including screeners, research and education. The firm also offers packaged solutions through Windhaven, SMP ETFs, Schwab Intelligent Portfolios and Schwab Intelligent Portfolios Premium.

Schwab’s ETFs are among the lowest cost in the business, with annual expense ratios mostly below 0.1%. Its largest ETFs include the Schwab International Equity ETF (SCHF), the Schwab U.S. Large-Cap ETF (SCHX) and the Schwab U.S. Broad Market ETF (SCHB).

The firm also offers fixed income funds, like the Schwab U.S. TIPS ETF (SCHP), the Schwab U.S. Aggregate Bond ETF (SCHZ) and the Schwab Short-Term U.S. Treasury ETF (SCHO).

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