Charles Schwab vs. IG Trading Comparison

This comparison overview aids users who battle to pick between Charles Schwab and IG Trading to discover the most effective online broker for their trading and financial investment needs. It evaluates the main features of the two brokers alongside to assist individuals compare their solution and make a notified choice.

To aid customers select the ideal broker between Charles Schwab and IG Trading to locate the best-suited platform, below is a checklist of broker’s pros and cons, complied with by a contrast of their primary trading functions, including trading platforms & tools, fees, mobile trading, deposit & withdrawal, assets, guideline, and consumer support.

Charles Schwab vs. IG Trading: Summary

Charles Schwab logo

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.

IG Trading logo

IG is a globally operating online broker regulated by eight tier-one regulators (FCA, ASIC, JFSA, MAS, FINMA, FMA, CFTC and MiFID). They offer users access to 19,500 tradable symbols including 20,000 CFDs, forex, forex options, stocks and cryptocurrencies. IG users can choose between various trading platforms including a proprietary Web-based platform, L2 Dealer DMA, MetaTrader 4 and ProRealTime charting feature.

IG trading fees are competitive for active traders. The size of the brokers allows fast and reliable order execution also on larger orders. IG also offered spread rebates on higher volume CFD trades.

IG additionally offers extensive educational materials (daily video market updates and technical and fundamental analysis case studies), a wide range of trading and research tools for beginners and advanced and intuitive trading apps.

IG’s customer service is available through live chat, email, phone, and WhatsApp in English, and several other languages.

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 

Pros

  • Regulated by 8 tier-one regulators
  • Low average spreads from 0.82 pips EUR/USD
  • Wide range of trading platforms and third party plugins
  • Extensive research and education resources
  • Wide range of platforms

Cons

  • Slightly higher fees on CFDs
  • Limited banking 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

Key features

  • Access to 20,000 tradable symbols
  • Compatible with MT4, L2 Dealer and ProRealTime
  • Unlimited demo paper trading account
  • Advanced research and analysis tools (L2 Dealer and ProRealTime)
  • Availability of EA’s and other automated trading software
  • Free trading signals and alerts

Charles Schwab vs. IG Trading Comparison

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Charles Schwab logo

Charles Schwab

IG Trading logo

IG Trading

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BROKER COMPARISON

Charles Schwab logo
IG Trading logo

Overall rating

4,1/5

4,2/5

Overall rating

4,1/5

4,2/5

Trading Platform & Tools

4.4

5.0

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 2:1 500:1
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
Mobile Version
Mutual Fund Management
Proprietary Platform
Social/Copy Trading
Trading Alerts
Trading signals
Watchlist
Web Version

Fees

5.0

3.7

See details
Withdrawal Fee 0 0
Deposit Fee 0 0
Inactivity Fee 0
Cost Per Trade 0 0
Cost Per Month 0 $18
Forex (EUR/USD) 0 0.6 pips
Stocks & ETF 0 0.3 pips
CFD (Gold) 0 0.3 pips
Crypto 0 0
Options US$0.65 per options contract 0
Conversion Fees
Misc. Fees
Overnight Fees

Mobile Trading

3.0

5.0

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

1.3

1.3

See details
Minimum deposit (in UAE) $25.000 $5500
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

4.8

4.5

See details
Shares 11.438 1000
ETF & Funds 2.600 1000
Crypto 0 0
Commodities 0 0
Indices 0 0
Options 8 exchanges 0
Futures 8 exchanges 0
Bonds 36.000 0
Forex Instruments 0 80
CFD Indices & Funds 0 80
CFD Stocks 0 12000
CFD Commodities 0 6
CFD Crypto 0 10
CFD Bonds 0 12
Binary Options 0 100
SWAPS 0 0
Saving Plans 0 0

Regulation

5.0

5.0

See details
Tier 1 License
Tier 2 License
Tier 3 License

Research & Education

5.0

4.3

See details
Webinars
Educational Resources
Daily News Updates
Market Indepth Analysis
Pers. Training & Room
Market Research

Customer Support

4.0

4.5

See details
Email
Phone
Live Chat
24/7 support
Multilingual
Personal Account Manager

Winner

Charles Schwab vs. IG Trading Comparison Conclusion

The outcomes of our comparison of Charles Schwab vs. IG Trading are wrapped up in the table listed below.

Broker:Best For:
Charles SchwabStocks and ETFs
IG TradingGreat overall multi-asset broker

Picking the right selection in between Charles Schwab and IG Trading can be difficult. Both on the internet brokers have similarities however vary concerning trading tools, systems & apps, law, deposit & withdrawals, and research and education and learning. Picking the most effective broker depends on users’ trading & investment objectives, specific choices, and experience degree.

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.

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