Skip to content

Schwab vs. TC2000 – A Detailed Comparison

Discover our detailed comparison of Schwab and TC2000 to help determine which is best for you. Whether you’re a seasoned trader or just starting out, choosing the right platform can significantly impact your trading experience. 

To make your research easier, we manually found key data for Schwab and TC2000 across the internet and compiled it all in this article. 

Overview of Schwab

Charles Schwab is a well-established brokerage firm known for its wide range of investment products and services. Schwab also provides a user-friendly online platform and mobile app, along with educational resources to help clients make informed investment decisions. Additionally, they offer banking services, retirement accounts, and access to financial advisors.

Overview of TC2000

TC2000 is a stock and options trading brokerage that also provides charting, screening, and options charting capabilities. While the software is good, there are various cheaper brokers available that do not charge for equity trading and have lower options commission, such as thinkorswim and tastytrade.

Key Characteristics of Schwab and TC2000

FeatureSchwabTC2000
Platform TypeBrokerage PlatformBrokerage Platform
Tradeable AssetsStocks, ETFs, Mutual Funds, Options, Index Options, Futures, Futures Options, BondsStocks, ETFs, & Options
Charting Featuresthinkorswim platformDownloadable desktop platform, no free options
DataReal-time data with funded accountMust buy real-time data
Premium PricingNo premium features$8-$50 per month

Who is Schwab Best For?

Schwab is a great brokerage for long-term investors and active traders alike. With its recent acquisition of TD Ameritrade and the thinkorswim platform, Schwab is suitable for anybody looking to trade and invest in the stock market.

Who is TC2000 Best For?

TC2000 is best for traders who don’t mind paying extra for advanced features like IB SmartRoutingSM, which helps ensure you get the best order fills. However, similar and cheaper brokerages like tastytrade provide excellent order fills, and charge significantly less commissions. If you are looking primiarly for a charting platform, consider using TradingView since most of its features are free to use.

Trading Features and Tools

FeatureSchwabTC2000
DRIPYes, no feesNo
Margin TradingYesYes
InsuranceSIPC/FDIC InsuredSIPC Insured
Mobile AppYesYes

Trading Costs and Commissions Compared

Fee TypeSchwabTC2000
Equity CommissionFree$1 + $0.005 per share
Option Commission$0.65 per contract$1 + $0.65 per contract
Futures Commission$2.25 per contractNo futures
Futures Options Commission$2.25 per contractNo futures options
Option Exercise FeeNoneNone

Schwab vs TC2000 – Bottom Line

Choosing between Schwab and TC2000 depends on your specific trading needs, preferred trading tools, and the type of assets you’re interested in. 

Both platforms offer distinct advantages, but by considering the detailed comparison above, you can select the one that aligns best with your trading strategy and goals.

For more detailed reviews and comparisons, continue exploring our other articles on brokerage platform comparisons.

What is the Overall Best Charting Software?

I have reviewed and used nearly every trading platform available, and I believe that TradingView is the best overall charting software available. Here are some reasons why:

  • All of TradingView’s key features are free to use
  • TradingView provides real-time data for free whenever possible
  • You are not tied to a single broker and can use whichever you want while charting on TradingView
  • You can track all markets on a single platform, including stocks, ETFs, crypto, forex, and futures.
  • TradingView has an excellent economic calendar and various screeners

If you sign up for a TradingView account using my affiliate link, you can get a 30-day free trial of its premium features plus a $15 credit toward your subscription. However, signing up for a free trial is not required, and you can use nearly all of its features with a basic free account. You can read my full review of TradingView to learn more. 

Related Trading Platform Comparisons


Barchart vs Tradovate

Finviz vs MT4

StockCharts vs TC2000

Finviz vs Schwab

Fidelity vs Interactive Brokers

Recent Posts

tradingview logo

Join over 50 million traders who trust TradingView!

Technical Analysis
tradingview logo

Join over 50 million traders who trust TradingView!

×

Get Our Stocks & Options 101 eBook for FREE!

Learn How To:
– Craft a stock portfolio
– Leverage options trading
– Build financial freedom