Compare Charles Schwab vs City Index


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

Charles Schwab vs City Index
overall rating
4.9
4.7
overall pros
  • Free stock and ETF trading
  • Outstanding research
  • Great customer service
  • Low fees for forex
  • Fast and smooth account opening
  • Diverse research tools
overall cons
  • High fees for some mutual funds
  • Only US/Canada markets available
  • Limited product portfolio
  • High stock CFD fees
  • Non-user-friendly desktop platform
fees
4.4
  • Free stock/ETF trading
  • Some mutual funds and bonds are free
  • Low non-trading fees
  • High fees for non-free mutual funds
4.0
  • Low forex fees
  • No withdrawal fee
  • Inactivity fee
  • High stock CFD fees
account opening
4.4
  • Fast
  • Fully digital
  • No minimum deposit
  • $25,000 minimum deposit for non-US clients
5.0
  • Fast
  • Fully digital
  • No minimum deposit
deposit and withdrawal
2.2
  • No deposit fee
  • User-friendly
  • High fee for wire (bank transfer) withdrawals
4.3
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
  • Problem with credit card withdrawal
web trading platform
4.3
  • User-friendly
  • Clear fee report
  • Price alerts
  • Limited customizability (for charts, workspace)
4.3
  • User-friendly
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • No two-step (safer) login
mobile trading platform
4.2
  • User-friendly
  • Touch/Face ID login
  • Order confirmation
  • No price alerts
4.3
  • User-friendly
  • Good search function
  • Good variety of order types
  • No two-step (safer) login
  • No Touch/Face ID login
desktop trading platform
4.0
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • Only for Windows
3.0
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • Not user-friendly
  • No two-step (safer) login
  • Outdated design
markets and products
3.3
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
  • Futures
2.0
  • Forex
  • CFD
  • Crypto
research
4.3
  • Good interactive chart
  • Data on asset fundamentals
  • Trading ideas for stocks and ETFs
  • Hard to navigate among research tools
4.3
  • Good interactive chart
  • Trading ideas
  • Quality news flow
  • No fundamental data available
customer service
4.5
  • Phone support
  • Live chat
  • Fast response time
  • No email support
4.0
  • Live chat
  • Great phone support
  • No 24/7 support
  • Slow email support
education
4.5
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Not well-structured
5.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • Banking background
  • No negative balance protection
  • Majority of clients belong to a top-tier financial authority
  • Listed on stock exchange
  • Negative balance protection
recommended for Investors and traders looking for solid research, low fees and great customer service Forex and CFD traders looking for low forex fees and great research tools
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