This contrast guide helps users that have a hard time to choose between Binomo and Charles Schwab to find the very best online broker for their trading and financial investment needs. It evaluates the main features of the two brokers side by side to assist customers contrast their service and make an informed choice.
To help customers select the right broker between Binomo and Charles Schwab to locate the best-suited platform, listed below is a list of broker’s benefits and drawbacks, complied with by a comparison of their primary trading attributes, including trading platforms & devices, charges, mobile trading, deposit & withdrawal, properties, law, and customer assistance.
Binomo vs. Charles Schwab: Summary
Binomo is a binary options broker founded in 2014. It is not regulated and, therefore, not considered a safe broker. Their platform allows users to trade binary options on 60+ assets, including stocks, indices, commodities, and cryptocurrencies.
Binomo pays out up to 90% profit margin on correct predictions. The broker charges an inactivity fee of $10 after 30 days of inactivity.
Binomo’s customer support is available in Arabic and English via email (support@binomo.com).
Charles Schwab is a US based brokerage company founded in 1971. It is regulated by two tier-one financial regulators (the FINRA and SEC) and is considered safe.Users can trade on multiple assets including stocks, ETFs, funds, options, futures and cryptos.
Charles Schwab has a proprietary web and desktop trading platform. Both have a clean design and offer various customisation options and intuitive fee reports.
Charles Schwab’s trading fees are average compared to other similar brokers. They charge 0$ commission on stocks, ETFs and certain mutual funds and bonds. Their non-trading fees are low.
Charles Schwab’s customer support is available by phone, email and live chat 24/7.
Pros
- Low minimum deposit ($10)
- No hidden commissions or fees
- High payouts of up to 90%
- Multiple account types and bonuses
- Cashback bonus for VIP members
- Customer support in Arabic
Cons
- Minimal trading platform compared to other brokers
- Lengthy account verification procedure
- Lacks education and research tools
Pros
- Low minimum deposit ($0)
- $0 commission stock, ETF and mutual funds
- Excellent research tools and education materials
- Responsive customer support with 24/7 access
- Fast & reliable trade execution
Cons
- Limited beginner features
- Expensive managed accounts and financial advice
Key features
- Access to over 60+ binary options
- Beginner-friendly user interface
- Cryptocurrency trading options
- Low minimum deposit of $10
- $1 min. trade size
- Multiple payment options
Key features
- $0 commission stock and ETF trading
- Access to over 3,000 US stocks
- Multiple advanced order types
- In-house reports from Morningstar and Credit Suisse
- Google Assistant Integration
- Robo-advisor and financial advisors available
Binomo vs. Charles Schwab Comparison
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Binomo
Charles Schwab
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 100:1 | 2:1 |
| MetaTrader 4 (MT4) | ||
| MetaTrader 5 (MT5) | ||
| Mobile Version | ||
| Mutual Fund Management | ||
| Proprietary Platform | ||
| Social/Copy Trading | ||
| Trading Alerts | ||
| Trading signals | ||
| Watchlist | ||
| Web Version |
Fees
| Withdrawal Fee | 0 | 0 |
| Deposit Fee | 0 | 0 |
| Inactivity Fee | $30 if no trades after 3 months | 0 |
| Cost Per Trade | 0 | 0 |
| Cost Per Month | 0 | 0 |
| Forex (EUR/USD) | 0 | 0 |
| Stocks & ETF | 0 | 0 |
| CFD (Gold) | 0 | 0 |
| Crypto | 0 | 0 |
| Options | 0 | US$0.65 per options contract |
| Conversion Fees | 0 | |
| Misc. Fees | 0 | |
| Overnight Fees |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $10.00 | $25.000 |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | ||
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| Shares | 0 | 11.438 |
| ETF & Funds | 0 | 2.600 |
| Crypto | 0 | 0 |
| Commodities | 0 | 0 |
| Indices | 0 | 0 |
| Options | 0 | 8 exchanges |
| Futures | 0 | 8 exchanges |
| Bonds | 0 | 36.000 |
| Forex Instruments | 0 | 0 |
| CFD Indices & Funds | 0 | 0 |
| CFD Stocks | 0 | 0 |
| CFD Commodities | 0 | 0 |
| CFD Crypto | 0 | 0 |
| CFD Bonds | 0 | 0 |
| Binary Options | 200 | 0 |
| SWAPS | 0 | 0 |
| Saving Plans | 0 | 0 |
Research & Education
| Webinars | ||
| Educational Resources | ||
| Daily News Updates | ||
| Market Indepth Analysis | ||
| Pers. Training & Room | ||
| Market Research |
Customer Support
| Phone | ||
| Live Chat | ||
| 24/7 support | ||
| Multilingual | ||
| Personal Account Manager |
Winner
Binomo vs. Charles Schwab Comparison Conclusion
The results of our comparison of Binomo vs. Charles Schwab are involved the table listed below.
| Broker: | Best For: |
| Binomo | Binary Options Trading |
| Charles Schwab | Stocks and ETFs |
Picking the right selection in between Binomo and Charles Schwab can be tough. Both on the internet brokers have resemblances yet vary pertaining to trading tools, platforms & apps, law, down payment & withdrawals, and research and education and learning. Picking the most effective broker depends upon users’ trading & investment objectives, specific choices, and experience level.
To make a better-informed decision, users can read our detailed broker reviews, comparison or use our broker selector to help them find the ideal broker.