This contrast overview aids users who have a hard time to choose between Charles Schwab and XTB to locate the most effective online broker for their trading and investment demands. It examines the highlights of the two brokers side-by-side to aid customers contrast their solution and make a notified choice.
To help users pick the ideal broker between Charles Schwab and XTB to discover the best-suited platform, below is a list of broker’s pros and cons, followed by a comparison of their main trading attributes, including trading platforms & tools, fees, mobile trading, deposit & withdrawal, possessions, regulation, and consumer support.
Charles Schwab vs. XTB: 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.
XTB is an international multi-asset broker founded in 2002. It is regulated by two-tier one regulators (the FCA and MiFID) and therefore considered trustworthy. The brokers offers access to 12,000 tradable symbols including 5,400 CFDs on forex, indices, commodities, stocks, ETFs, and cryptocurrencies.
XTB has a proprietary platform (xStation 5) that features extensive trading and research tools including market news, up-to-date price tables, and market calendars. Users can also use various order types and risk management features such as stop-loss orders and negative balance protection. Besides its feature rich proprietary platforms, XTB offers limited MT4 integration.
XTB trading fees are in line with the industry average. They charge an average spread of 0.91 pips (EUR/USD), and also offer spread rebates between 5% to 30% on active trading. XTB also charges inactivity fees of $10/month after 12 months of inactivity.
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 trading fees
- Great research and education materials
- MT4 compatibility
- Cashback rebates and free paper trading account
- Feature rich and intuitive mobile app
Cons
- Only CFD trading
- Charges 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 12,000 financial instruments
- Free Stock and ETF trading
- Daily market analysis videos, price tables, and economic calendar
- Micro-lot trading available
- Beginner-friendly mobile app (xStation Mobile)
- Multi-lingual support in English, Arabic and over 10 other languages
Charles Schwab vs. XTB Comparison
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Charles Schwab
XTB
BROKER COMPARISON
Trading Platform & Tools
Automated Trading | ||
Charting Tools | ||
Conditional Orders | ||
cTrader | ||
Demo Account | ||
Desktop Platform | ||
Max Leverage | 2:1 | 1:500 |
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 | |
Cost Per Trade | 0 | 0 |
Cost Per Month | 0 | €12 |
Forex (EUR/USD) | 0 | 1.0 pips |
Stocks & ETF | 0 | 0 |
CFD (Gold) | 0 | 1.19 pips |
Crypto | 0 | 100 pips |
Options | US$0.65 per options contract | 0 |
Conversion Fees | 0 | |
Misc. Fees | 0 | |
Overnight Fees |
Deposit & Withdrawal
Minimum deposit (in UAE) | $25.000 | $0 |
Bank Wire | ||
Credit/Debit Card | ||
Cash | ||
Check | ||
Islamic Account Transfer | ||
E-payments | ||
Paypal | ||
Skrill | ||
Neteller |
Assets
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 Instruments | 0 | 57 |
CFD Indices & Funds | 0 | 37 |
CFD Stocks | 0 | 1796 |
CFD Commodities | 0 | 23 |
CFD Crypto | 0 | 10 |
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. XTB Comparison Conclusion
The results of our contrast of Charles Schwab vs. XTB are involved the table below.
Broker: | Best For: |
Charles Schwab | Stocks and ETFs |
XTB | Forex and CFDs; Beginners and intermediate traders |
Selecting the best choice between Charles Schwab and XTB can be challenging. Both on the internet brokers have similarities yet vary relating to trading tools, platforms & applications, policy, down payment & withdrawals, and research and education and learning. Choosing the most effective broker relies on individuals’ trading & financial investment goals, private preferences, 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.