Charles Schwab vs. OandA Comparison

This contrast guide helps individuals that have a hard time to pick between Charles Schwab and OandA to locate the most effective online broker for their trading and investment requirements. It examines the main features of both brokers side-by-side to help individuals contrast their solution and make an informed choice.

To aid users select the ideal broker in between Charles Schwab and OandA to find the best-suited system, below is a checklist of broker’s advantages and disadvantages, adhered to by a contrast of their primary trading features, including trading platforms & tools, fees, mobile trading, down payment & withdrawal, properties, regulation, and consumer support.

Charles Schwab vs. OandA: 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.

Oanda logo

OandA is a reputable forex and CFD forex broker founded in 1996. It is regulated by seven tier-one regulators and therefore considered safe. Their users have access to 124 tradable instruments including 71 forex pairs and a handful of CFDs on cryptos. Traders can choose between a proprietary platform (web and desktop version), MT4 and MT5. Their trading platform has an intuitive design, offers automated trade execution and multiple features for algorithmic and social trading. Market research features are powered by TradingView.

OandA’s trading fees are above average compared to similar forex and CFD brokers like AvaTrade and Pepperstone. They charge an average spread of 1.26 pips EUR/USD on their standard account.

OandA’s customer service is available during office hours by email, live chat (chatbot) and phone.

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)
  • Competitive average spread from 1.2 pips (EUR/USD)
  • MT4, MT5 and TradingView integration
  • Broad range of research and analysis tools
  • Feature rich mobile app

Cons

  • Limited assets
  • Only CFD and forex trading available
  • Customer support is only available during office hours
  • Inactivity fees

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 124 tradable symbols including 71 forex pairs
  • Low minimum deposit ($0)
  • Real-time currency conversion
  • MetaTrader 4 and 5 integration
  • Free VPS server
  • Trading fee and wire transfer discounts for professional traders

Charles Schwab vs. OandA Comparison

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Charles Schwab logo

Charles Schwab

Oanda logo

Oanda

Open account Read review

74-89% of retail CFD accounts lose money

BROKER COMPARISON

Charles Schwab logo
Oanda logo

Overall rating

4,1/5

3,8/5

Overall rating

4,1/5

3,8/5

Trading Platform & Tools

4.4

3.9

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 2:1 1:50
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

3.1

See details
Withdrawal Fee 0 $20 + Fee
Deposit Fee 0 0
Inactivity Fee 0 $10 a month after 12 months
Cost Per Trade 0 0
Cost Per Month 0 0
Forex (EUR/USD) 0 1.3
Stocks & ETF 0 0
CFD (Gold) 0 31
Crypto 0 0
Options US$0.65 per options contract 0
Conversion Fees 0
Misc. Fees 0
Overnight Fees

Mobile Trading

3.0

5.0

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

1.3

3.8

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

Assets

4.8

1.8

See details
Shares 11.438 0
ETF & Funds 2.600 0
Crypto 0 0
Commodities 0 0
Indices 0 0
Options 8 exchanges 0
Futures 8 exchanges 0
Bonds 36.000 0
Forex 0 70
CFD Indices & Funds 0 12
CFD Stocks 0 0
CFD Commodities 0 35
CFD Crypto 0 0
CFD Bonds 0 3
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

3.6

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. OandA Comparison Conclusion

The outcomes of our contrast of Charles Schwab vs. OandA are wrapped up in the table below.

Broker:Best For:
Charles SchwabStocks and ETFs
OandAForex and CFDs

Selecting the best selection between Charles Schwab and OandA can be challenging. Both on the internet brokers have resemblances but vary regarding trading tools, platforms & applications, guideline, down payment & withdrawals, and study and education. Picking the very best broker depends upon users’ trading & investment goals, private 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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