Charles Schwab vs. Plus500 Comparison

This comparison overview assists customers who battle to pick between Charles Schwab and Plus500 to discover the most effective online broker for their trading and investment demands. It examines the highlights of the two brokers alongside to assist customers contrast their solution and make an informed choice.

To aid individuals choose the right broker in between Charles Schwab and Plus500 to discover the best-suited system, below is a checklist of broker’s pros and cons, followed by a comparison of their major trading attributes, consisting of trading platforms & tools, fees, mobile trading, deposit & withdrawal, possessions, policy, and client assistance.

Charles Schwab vs. Plus500: 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.

Plus 500 logo

Plus500 is a reputable CFD online broker licensed by the DFSA. They offer access to a wide range of assets including 2,800 CFDs on stocks & ETFs, cryptos, futures, forex, commodities, and indices. The Plus500 trading platform offers basic trading tools including Technical analysis charts, real-time quotes, quick buy and sell options from the same window and 3 order different types (market, limit stop order).

Plus500 trading fees are average compared to similar forex and CFD brokers. They charge an average spread of 0.8 pips (EUR/USD) without any commission. Plus500 charges non trading fees in the form of overnight fees, currency conversion fees, guaranteed stop order fees, and inactivity fees.

Plus500’s customer service is available 24/7 (even during the weekends and holidays) by phone, email, WhatsApp, 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 ($100)
  • Competitive spread of 0.8 pips EUR/USD
  • Multiple order types and technical indicators
  • Excellent customer service
  • Negative balance protection
  • Intuitive mobile trading app

Cons

  • Relatively high fees compared to other brokers
  • Limited markets
  • Limited charting tools and features

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 3,000 CFDs
  • Beginner-friendly trading platform and mobile app
  • Low, floating spreads from 0.8 pips EUR/USD
  • Advanced (conditional) order types available such as GSOs and TSOs
  • Free unlimited demo paper trading account
  • Fast account opening

Charles Schwab vs. Plus500 Comparison

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Charles Schwab logo

Charles Schwab

Plus 500 logo

Plus500

Open account Read review

CFD Service. Regulated by the DFSA. Trading carries risk.

BROKER COMPARISON

Charles Schwab logo
Plus 500 logo

Overall rating

4,1/5

4,8/5

Overall rating

4,1/5

4,8/5

Trading Platform & Tools

4.4

4.9

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 2:1 1:30
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 0
Inactivity Fee 0 $10
Cost Per Trade 0 0
Cost Per Month 0 0
Forex (EUR/USD) 0 0.8 pips
Stocks & ETF 0 0
CFD (Gold) 0 7.2 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

4.5

See details
Minimum deposit (in UAE) $25.000 $100
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

4.8

4.9

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
CFDs on Forex Instruments 0 60
CFD Indices & Funds 0 430
CFD Stocks 0 1000
CFD Commodities 0 22
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

4.5

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. Plus500 Comparison Conclusion

The results of our contrast of Charles Schwab vs. Plus500 are wrapped up in the table listed below.

Broker:Best For:
Charles SchwabStocks and ETFs
Plus500CFD trading and investing

Picking the appropriate choice in between Charles Schwab and Plus500 can be tough. Both online brokers have resemblances however differ regarding trading instruments, platforms & apps, policy, deposit & withdrawals, and research and education and learning. Selecting the most effective broker depends upon customers’ trading & financial investment goals, individual 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.

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