Online brokers compared for fees, trading platforms, safety and more. See how Barclays stacks up against Charles Schwab!
Last update of data—Jan 2023
Barclays is a UK-based bank. Barclays Smart Investor is the brokerage service provided by Barclays and regulated by the top-tier FCA.
Charles Schwab is a US discount broker, regulated by top-tier US authorities the SEC and FINRA. The company is listed on the New York Stock Exchange and holds a banking license.
Recommended for long-term investors looking for a broker with low fees and solid background.
Recommended for investors and traders looking for solid research, low fees and great customer service.
Barclays
Barclays is a UK-based bank. Barclays Smart Investor is the brokerage service provided by Barclays and regulated by the top-tier FCA.
Recommended for long-term investors looking for a broker with low fees and solid background.
Charles Schwab
Charles Schwab is a US discount broker, regulated by top-tier US authorities the SEC and FINRA. The company is listed on the New York Stock Exchange and holds a banking license.
Recommended for investors and traders looking for solid research, low fees and great customer service.
Barclays's service is slightly weaker than Charles Schwab's and a comparison of their fees shows that Barclays's fees are slightly higher than Charles Schwab's.
Account opening takes somewhat more effort at Barclays compared to Charles Schwab, deposit and withdrawal processes are more seamless at Barclays, while customer service quality is considerably lower than Charles Schwab's.
Our experts rated the trading platform of Barclays as much less user-friendly than the platform of Charles Schwab, found that clients have access to about the same number of markets and products with Barclays, while Charles Schwab provides just about the same quality of research and education.
Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.
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