Compare Charles Schwab vs Eightcap


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

Charles Schwab vs Eightcap
overall rating
4.8
4.3
overall pros
  • Free stock and ETF trading
  • Outstanding research
  • Great customer service
  • Low forex fees
  • Seamless, quick account opening
  • Free deposit and withdrawal
overall cons
  • High fees for some mutual funds
  • Only US/Canada markets available
  • Poorly-structured educational platform
  • Slim product selection
  • Limited research and educational tools
  • No negative balance protection
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
4.7
  • Low trading fees
  • Low non-trading fees
  • Low forex fees
account opening
4.4
  • Fast
  • Fully digital
  • No minimum deposit
  • $25,000 minimum deposit for non-US clients
5.0
  • Fully digital
  • Low minimum deposit
  • User-friendly
deposit and withdrawal
2.2
  • No deposit fee
  • User-friendly
  • High fee for wire (bank transfer) withdrawals
4.5
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
  • No minor currencies available
web trading platform
4.3
  • User-friendly
  • Clear fee report
  • Price alerts
  • Limited customizability (for charts, workspace)
3.0
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • No two-step (safer) login
  • No price alerts
mobile trading platform
4.2
  • User-friendly
  • Touch/Face ID login
  • Order confirmation
  • No price alerts
3.8
  • User-friendly
  • Good search function
  • Price alerts
  • 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
3.4
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
  • No two-step (safer) login
  • Poor design
markets and products
3.3
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
  • Futures
1.3
  • 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
1.5
  • Strategy Tester for automated trading
  • No fundamental data available
  • No/poor quality news flow
  • Trading ideas only via paid partnership
customer service
4.5
  • Phone support
  • Live chat
  • Fast response time
  • No email support
4.3
  • Live chat
  • Fast response time
  • Couldn't reach phone support
education
3.0
  • Trading platform tutorial
  • Educational videos
  • No demo account
  • Not well-structured
2.0
  • Demo account
  • Great market analyses and articles
  • No trading platform tutorial videos
  • No educational videos
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • Banking background
  • No negative balance protection
  • Regulated by top-tier ASIC
  • No investor protection
  • No negative balance protection
  • Does not hold a banking license
recommended for Investors and traders looking for solid research, low fees and great customer service Forex traders who prefer the MetaTrader platform
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