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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
4.6 / 5.0
4.5 / 5.0
overall pros
  • Outstanding research
  • Low fees
  • Great customer service
  • Free stock and ETF trading in the EU
  • Seamless account opening
  • Social trading experience
overall cons
  • No credit/debit cards and electronic wallets for money transfer
  • Only US markets covered
  • Not well-structured education
  • Poor customer service
  • Trading platform outages
  • Limited educational tools
fees
4 stars
  • Low trading fees
  • No inactivity fee
  • Some ETFs, bonds, and mutual funds are free
  • High financing rate
  • High fees for mutual funds
4 stars
  • Free stock and ETF trading in the EU
  • Low fees for non-EU clients
  • Transparent fee structure
  • High financing rate
  • $25 withdrawal fee
  • $10 monthly inactivity fee
account opening
5 stars
  • Fast account opening
  • Fully digital account opening
  • No minimum account balance
  • For non-US clients $25,000 minimum
5 stars
  • Fast account opening
  • No minimum account balance
  • User-friendly
deposit and withdrawal
2 stars
  • No deposit fee
  • User-friendly
  • Credit/Debit card deposit and withdrawal not available
  • Only one account base currency
  • High fee for wire withdrawals
4 stars
  • Credit/Debit card deposit and withdrawal
  • No deposit fee
  • User-friendly
  • High withdrawal fee
  • Only one account base currency
web trading platform
4 stars
  • User-friendly
  • Clear fee report
  • Price alerts
  • No two-step (safe) login
  • Limited customizability (for charts, workspace)
4 stars
  • User-friendly
  • Looks nice
  • Social trading
  • No clear fee report available
  • Cannot be customized
mobile trading platform
4 stars
  • User-friendly
  • Looks nice
  • No two-step (safe) login
  • No price alerts
5 stars
  • User-friendly
  • Two-step (safe) login
  • Looks nice
desktop trading platform
4 stars
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • No two-step (safe) login
  • Only for Windows
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markets and products
3 stars
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
  • Futures
3 stars
  • Stock
  • ETF
  • CFD
  • Crypto
research
5 stars
  • Good interactive chart
  • Data on asset fundamentals
  • Trading ideas for stock and ETF
  • Hard to navigate
4 stars
  • Good interactive chart
  • User-friendly
  • Analyst recommendation
  • Limited fundamental data
  • Limited news flow
customer service
4 stars
  • Live chat
  • Relevant answers
  • 24/7 availability
  • No email support
2 stars
  • Professional tone
  • No phone support
  • No live chat
education
3 stars
  • Trading platform tutorial videos
  • Educational videos
  • Good production quality
  • No demo account
  • Not well-structured
3 stars
  • Demo account
  • Intro guide to the platform
  • No educational videos
  • Regulated by top tier financial authority
  • High level of investor protection
  • Banking background
  • No negative balance protection
  • Regulated by top tier financial authority
  • Negative balance protection
  • Well-known fintech startup
  • Does not hold a banking license
  • Not listed on stock exchange
  • Limited disclosed financial information
recommended for Investors and traders looking for solid research, low fees, and great customer service Traders and those interested in social trading (copying other traders’ trades)