Charles Schwab vs. Interactive Brokers Comparison

This contrast overview aids users that battle to pick between Charles Schwab and Interactive Brokers to discover the most effective online broker for their trading and investment demands. It analyzes the highlights of the two brokers side by side to help individuals contrast their solution and make an informed decision.

To help users choose the appropriate broker between Charles Schwab and Interactive Brokers to find the best-suited platform, below is a listing of broker’s benefits and drawbacks, followed by a comparison of their major trading attributes, consisting of trading platforms & devices, charges, mobile trading, down payment & withdrawal, properties, guideline, and client support.

Charles Schwab vs. Interactive Brokers: 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.

Interactive Brokers

Interactive Brokers is a highly trusted global broker with a well-rounded offer of tradable markets, great educational content and sophisticated order type configuration. It is a high trusted and well capitalize company with an industry leading trading platform, a competitive fee structure and great global market access. Their low entry level and the Global Trader platform, which is intuitive and easy to use trading station, make this broker s great choice for beginners and advanced forex traders.

Professional and seasoned traders will appreciate the great selection of advanced trading tools and order type configurations available on their proprietary Trader Workstation desktop platform (TWS).

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

  • Low minimum deposit ($0)
  • Industry lowest overall fees
  • Professional trading platform suitable for different types of traders
  • Intuitive and easy to use mobile trading app
  • Compatible features for casual and professional traders
  • Responsive customer support

Cons

  • Few deposit and withdrawal options
  • Research and education materials missing

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

  • Margin loan rates on stocks of 1.3%
  • Access to 135+ global markets
  • Advanced order types, tools and features
  • Access to frictional shares
  • Lowest commissions in the industry

Charles Schwab vs. Interactive Brokers Comparison

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Charles Schwab logo

Charles Schwab

Interactive Brokers

Interactive Brokers

Open account Read review

All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.

BROKER COMPARISON

Charles Schwab logo
Interactive Brokers

Overall rating

4,1/5

4,9/5

Overall rating

4,1/5

4,9/5

Trading Platform & Tools

4.4

4.9

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 2:1 1:20
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

4.9

See details
Withdrawal Fee 0 0
Deposit Fee 0 1%
Inactivity Fee 0 0
Cost Per Trade 0 0
Cost Per Month 0 0
Forex (EUR/USD) 0 0.2 pips + 0.08 to 0.20 bps times trade size comission
Stocks & ETF 0 $ 0.005 per share
CFD (Gold) 0 0.02%
Crypto 0 0.12% to 0.18% of trade value
Options US$0.65 per options contract
Conversion Fees 0
Misc. Fees 0
Overnight Fees Yes on CFD’s

Mobile Trading

3.0

5.0

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

1.3

4.9

See details
Minimum deposit (in UAE) $25.000 $0
Bank Wire
Credit/Debit Card
Cash
Check YES from US bank account
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

4.8

4.9

See details
Shares 11.438 16.500
ETF & Funds 2.600 35.000
Crypto 0 4
Commodities 0 1
Indices 0 3052
Options 8 exchanges 50.000
Futures 8 exchanges 245
Bonds 36.000 1.000.000
Forex Instruments 0 115
CFD Indices & Funds 0 13
CFD Stocks 0 8.000
CFD Commodities 0 2
CFD Crypto 0 0
CFD Bonds 0 0
Binary Options 0 0
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

4.8

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

Customer Support

4.0

4.9

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

Winner

Charles Schwab vs. Interactive Brokers Comparison Conclusion

The outcomes of our contrast of Charles Schwab vs. Interactive Brokers are involved the table below.

Broker:Best For:
Charles SchwabStocks and ETFs
Interactive BrokersStocks and ETFs

Picking the appropriate choice between Charles Schwab and Interactive Brokers can be tough. Both on the internet brokers have resemblances yet vary relating to trading instruments, platforms & applications, regulation, deposit & withdrawals, and research and education. Choosing the best broker depends on users’ trading & investment objectives, individual 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.

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