Compare AvaTrade vs Charles Schwab


Online brokers compared for fees, trading platforms, safety and more. See how AvaTrade stacks up against Charles Schwab!

AvaTrade vs Charles Schwab
overall rating
4.4
4.8
overall pros
  • Easy and fast account opening
  • Free deposit and withdrawal options
  • Great research tools
  • Free stock and ETF trading
  • Outstanding research
  • Great customer service
overall cons
  • Only CFDs, forex, and cryptos offered
  • High inactivity fees
  • High fees for some mutual funds
  • Only US/Canada markets available
  • Poorly-structured educational platform
fees
3.3
  • No withdrawal fee
  • Low stock index CFD fees
  • High inactivity fees
  • FX trading fees are average
4.4
  • Free stock/ETF trading
  • Some mutual funds and bonds are free
  • Low non-trading fees
  • High fees for non-free mutual funds
account opening
5.0
  • Fast
  • Fully digital
  • Low minimum deposit
4.4
  • Fast
  • Fully digital
  • No minimum deposit
  • $25,000 minimum deposit for non-US clients
deposit and withdrawal
4.5
  • Free withdrawal
  • No deposit fee
  • Credit/Debit cards, electronic wallets
  • Slow withdrawal - over 3 days
2.2
  • No deposit fee
  • User-friendly
  • High fee for wire (bank transfer) withdrawals
web trading platform
3.6
  • User-friendly
  • Good search function
  • AvaProtect order type
  • No two-step (safer) login
  • Limited customizability (for charts, workspace)
  • No price alerts
4.3
  • User-friendly
  • Clear fee report
  • Price alerts
  • Limited customizability (for charts, workspace)
mobile trading platform
4.7
  • User-friendly
  • Good search function
  • AvaProtect order type
  • No two-step (safer) login
  • Only in English
4.2
  • User-friendly
  • Touch/Face ID login
  • Order confirmation
  • No price alerts
desktop trading platform
3.4
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
  • No two-step (safer) login
  • Poor design
4.0
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • Only for Windows
markets and products
2.0
  • Forex
  • CFD
  • Crypto
3.3
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
  • Futures
research
4.6
  • Good interactive chart
  • Trading ideas
  • User-friendly
  • No fundamental data on stocks
4.3
  • Good interactive chart
  • Data on asset fundamentals
  • Trading ideas for stocks and ETFs
  • Hard to navigate among research tools
customer service
4.5
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
4.5
  • Phone support
  • Live chat
  • Fast response time
  • No email support
education
5.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
3.0
  • Trading platform tutorial
  • Educational videos
  • No demo account
  • Not well-structured
  • Majority of clients belong to a top-tier financial authority
  • Negative balance protection
  • Does not hold a banking license
  • Not listed on stock exchange
  • Financial information is not publicly available
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • Banking background
  • No negative balance protection
recommended for Forex and CFD traders looking for an option to use MetaTrader platforms Investors and traders looking for solid research, low fees and great customer service
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