This comparison guide aids customers who battle to select in between Charles Schwab and Olymp Trade to locate the most effective online broker for their trading and investment needs. It evaluates the highlights of the two brokers side by side to help individuals contrast their solution and make a notified choice.
To aid users choose the appropriate broker between Charles Schwab and Olymp Trade to discover the best-suited platform, below is a listing of broker’s advantages and disadvantages, adhered to by a contrast of their main trading functions, including trading systems & tools, charges, mobile trading, down payment & withdrawal, assets, law, and customer assistance.
Charles Schwab vs. Olymp Trade: Summary
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.
Olymp Trade is a multinational binary options broker based in Saint Vincent and the Grenadines. It is not regulated by any tier-one regulator and is not considered safe. Users can trade on various markets, including 35 forex pairs, 12 cryptocurrencies, 10 indices, 4 metals, 2 energies, and 12 stocks. Additionally, users can invest in stocks or speculate on options.
Olymp Trade trading fees are above average compared to similar brokers from the industry, like IQ Option and AvaTrade. They charge low spreads from 0.8 pips EUR/USD and $4 commission per lot on its ECN accounts. Payouts on options are 86.5%. The broker doesn’t charge non-trading or inactivity fees.
Olymp Trade’s customer support is available through email and live chat.
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 ($10)
- Competitive forex spreads (0.8 pips EUR/USD)
- Compatibility with MT4 and TradingView
- Broad range of financial instruments
- High payouts on options (86.5%)
Cons
- Higher account tiers come with more benefits
- Non-transparent overnight fees and margin requirements
- Limited advanced charting and trading tools
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 65 + forex currency pairs
- Compatibility with MT4 and TradingView
- Zero commission stock trading
- Wide range of available payment methods
- Low trading fees and high binary option payouts
- Bonuses of up to 100%
Charles Schwab vs. Olymp Trade Comparison
Select up to 3 Brokers
Charles Schwab
Olymp Trade
BROKER COMPARISON
Trading Platform & Tools
| 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
| Withdrawal Fee | 0 | 0 |
| Deposit Fee | 0 | 0 |
| Inactivity Fee | 0 | $10 if no trades in a month |
| Cost Per Trade | 0 | 0 |
| Cost Per Month | 0 | 0 |
| Forex (EUR/USD) | 0 | 1.1 |
| Stocks & ETF | 0 | 0 |
| CFD (Gold) | 0 | 20 |
| Crypto | 0 | 0 |
| Options | US$0.65 per options contract | 0 |
| Conversion Fees | 0 | |
| Misc. Fees | 0 | |
| Overnight Fees |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $25.000 | $10.00 |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | ||
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| Shares | 11.438 | 80+ |
| ETF & Funds | 2.600 | 10+ |
| Crypto | 0 | 20+ |
| Commodities | 0 | 10+ |
| Indices | 0 | 10+ |
| Options | 8 exchanges | 0 |
| Futures | 8 exchanges | 0 |
| Bonds | 36.000 | 0 |
| Forex Instruments | 0 | 100+ |
| CFD Indices & Funds | 0 | 21 |
| CFD Stocks | 0 | 40 |
| CFD Commodities | 0 | 6 |
| CFD Crypto | 0 | 21 |
| CFD Bonds | 0 | 0 |
| Binary Options | 0 | 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
Charles Schwab vs. Olymp Trade Comparison Conclusion
The outcomes of our contrast of Charles Schwab vs. Olymp Trade are involved the table below.
| Broker: | Best For: |
| Charles Schwab | Stocks and ETFs |
| Olymp Trade | Binary Options |
Selecting the right choice between Charles Schwab and Olymp Trade can be difficult. Both on-line brokers have similarities however differ regarding trading instruments, platforms & apps, law, deposit & withdrawals, and research study and education. Choosing the most effective broker depends upon customers’ trading & investment goals, private preferences, 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.