Charles Schwab vs. Next Markets Comparison

This contrast overview aids users that struggle to pick between Charles Schwab and Next Markets to find the very best online broker for their trading and investment requirements. It examines the highlights of the two brokers side by side to aid individuals compare their solution and make a notified choice.

To assist users select the best broker in between Charles Schwab and Next Markets to find the best-suited platform, listed below is a listing of broker’s pros and cons, complied with by a contrast of their main trading functions, consisting of trading platforms & devices, fees, mobile trading, down payment & withdrawal, assets, guideline, and consumer support.

Charles Schwab vs. Next Markets: 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.

Next Markets logo

Next Markets is a multi-asset CFD broker based in Germany. It is regulated by the MFSA and is considered safe. The broker allows users to trade over 7,000 stocks, 1,000 ETFs, and CFDs on cryptos, forex, commodities, and bonds.

Next Market’s fees are below average compared to similar brokers in the industry. They charge 0% commission on stock and ETFs and low fees on CFDs. Forex spreads start from 0.6 pips (EUR/USD). The broker does not charge any withdrawal on inactivity fees.

Next Market’s customer service is available from Monday to Friday from 09:00 to 18:00 by email and phone (+49 221 98259 007).

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)
  • 0% commission stocks and ETFs
  • Low spreads from 0.6 pips (EUR/USD)
  • Free trading signals
  • No hidden commissions or non-trading fees

Cons

  • Algorithmic trading is not available
  • Limited advanced trading tools and features
  • No demo or Islamic swap-free accounts are available

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 8,000 financial instruments
  • Broad range of deposit & withdrawal methods
  • User friendly mobile app
  • Competitive trading fees, spreads, and commissions
  • Beginner friendly trading tools and features
  • User friendly mobile app

Charles Schwab vs. Next Markets Comparison

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Charles Schwab logo

Charles Schwab

Next Markets logo

Next Markets

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56.65% of retail CFD accounts lose money

BROKER COMPARISON

Charles Schwab logo
Next Markets logo

Overall rating

4,1/5

3,5/5

Overall rating

4,1/5

3,5/5

Trading Platform & Tools

4.4

2.4

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 2:1 100:1
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

4.3

See details
Withdrawal Fee 0 0
Deposit Fee 0 0
Inactivity Fee 0 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 US$0.65 per options contract 0
Conversion Fees 0
Misc. Fees 0
Overnight Fees

Mobile Trading

3.0

3.8

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

1.3

3.8

See details
Minimum deposit (in UAE) $25.000 $0.00
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

4.8

2.5

See details
Shares 11.438 7000
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 0
CFD Indices & Funds 0 1000
CFD Stocks 0 7000
CFD Commodities 0 0
CFD Crypto 0 0
CFD Bonds 0 0
Binary Options 0 0
SWAPS 0 0
Saving Plans 0 0

Regulation

5.0

5

See details
Tier 1 License
Tier 2 License
Tier 3 License

Research & Education

5.0

1.8

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. Next Markets Comparison Conclusion

The results of our comparison of Charles Schwab vs. Next Markets are wrapped up in the table listed below.

Broker:Best For:
Charles SchwabStocks and ETFs
Next MarketsStocks and ETF trading and investing

Selecting the appropriate selection between Charles Schwab and Next Markets can be hard. Both on-line brokers have similarities but differ concerning trading tools, platforms & applications, policy, down payment & withdrawals, and study and education. Choosing the very best broker relies on individuals’ trading & investment goals, 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.

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