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
overall rating
4.8
4.7
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
  • High non-trading fees
  • Only one account base currency
  • Customer support could 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
4.4
  • 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
5.0
  • 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
4.5
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Not well-structured
3.5
  • Demo account
  • Intro guide to the platform
  • Basic 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
  • 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) and zero commission stock trading
×