Compare Charles Schwab vs eToro

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

Charles Schwab vs eToro
open account	Open account	Open account Your capital is at risk
overall rating	4.8	4.5
overall pros	Free stock and ETF trading Outstanding research Great customer service	Free stock and ETF trading Seamless account opening Social trading experience
overall cons	High fees for some mutual funds Only US/Canada markets available Poorly-structured educational platform	High non-trading fees Only one account base currency Customer support can be improved
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	4.5 Low trading fees Free stock and ETF trading Low forex and CFD fees High non-trading fees
account opening	4.4 Fast Fully digital No minimum deposit $25,000 minimum deposit for non-US clients	3.8 Fast Fully digital Low minimum deposit
deposit and withdrawal	2.2 No deposit fee User-friendly High fee for wire (bank transfer) withdrawals	3.5 Credit/Debit card available No deposit fee User-friendly Only one account base currency $5 withdrawal fee Conversion fee for non-USD deposits
web trading platform	4.3 User-friendly Clear fee report Price alerts Limited customizability (for charts, workspace)	4.4 User-friendly Clear fee report Two-step (safer) login Limited customizability (for charts, workspace)
mobile trading platform	4.2 User-friendly Touch/Face ID login Order confirmation No price alerts	4.9 User-friendly Two-step (safer) login Good search function 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
markets and products	3.3 Stock ETF Fund Bond Options Futures	3.8 Stock ETF 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	3.5 Good interactive chart Trading ideas User-friendly Analyst recommendations No fundamental data available No/poor quality news flow
customer service	4.5 Phone support Live chat Fast response time No email support	3.3 Live chat Fast response time Relevant answers No phone support No 24/7 support Live chat is offline quite often
education	3.0 Trading platform tutorial Educational videos No demo account Not well-structured	2.5 Demo account Intro guide to the platform Basic educational videos
safety	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 Negative balance protection Well-known innovative fintech firm. Does not hold a banking license Not listed on stock exchange Financial information is not publicly available
recommended for	Investors and traders looking for solid research, low fees and great customer service	Traders interested in social trading (i.e. copying other investors’ trades) & zero commission stock trading

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