Compare Charles Schwab vs Firstrade


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

Charles Schwab vs Firstrade
overall rating
4.8
4.3
overall pros
  • Free stock and ETF trading
  • Outstanding research
  • Great customer service
  • Free stock, ETF, fund and options trading
  • Solid research tools
  • Quality educational tools
overall cons
  • High fees for some mutual funds
  • Only US/Canada markets available
  • No credit/debit cards and electronic wallets for money transfer
  • You can trade only on US markets
  • No live chat or 24/7 availability
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
  • Free stock, ETF, fund and options trading
  • High margin rates
account opening
4.4
  • Fast
  • Fully digital
  • No minimum deposit
  • $25,000 minimum deposit for non-US clients
4.4
  • Fully digital
  • No minimum deposit
  • Low minimum deposit
  • Slow account verification
deposit and withdrawal
2.2
  • No deposit fee
  • User-friendly
  • High fee for wire (bank transfer) withdrawals
2.0
  • No deposit fee
  • User-friendly
  • Credit/Debit card not available
  • Only one account base currency
  • High outgoing wire transfer fee
web trading platform
4.3
  • User-friendly
  • Clear fee report
  • Price alerts
  • Limited customizability (for charts, workspace)
4.3
  • User-friendly
  • Clear fee report
  • Good search function
  • No two-step (safer) login
mobile trading platform
4.2
  • User-friendly
  • Touch/Face ID login
  • Order confirmation
  • No price alerts
3.3
  • User-friendly
  • Good search function
  • Good variety of order types
  • No two-step (safer) login
  • No price alerts
  • Mutual funds and bonds are not covered
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
2.8
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
research
4.3
  • Good interactive chart
  • Data on asset fundamentals
  • Trading ideas for stocks and ETFs
  • Hard to navigate among research tools
4.8
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
customer service
4.5
  • Phone support
  • Live chat
  • Fast response time
  • No email support
0.3
  • Email support
  • No live chat
  • No 24/7 support
  • Slow support
  • Irrelevant answers
  • Phone support didn't connect anyone
education
4.5
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Not well-structured
3.5
  • Trading platform tutorial
  • Educational videos
  • No demo account
  • 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
  • High level of investor protection
  • No negative balance protection
  • Does not hold a banking license
  • Not listed on stock exchange
recommended for Investors and traders looking for solid research, low fees and great customer service Beginners and investors looking for zero-commission trading, focusing on the US market
×