Online brokers compared for fees, trading platforms, safety and more. See how Charles Schwab stacks up against flatex!
Last update of data—Dec 2022
Charles Schwab is a US discount broker, regulated by top-tier US authorities the SEC and FINRA. The company is listed on the New York Stock Exchange and holds a banking license.
Flatex is a German broker regulated by top-tier authorities such as the German BaFin. In addition, flatex is listed on Stuttgart Stock Exchange and has a banking background.
Recommended for investors and traders looking for solid research, low fees and great customer service.
Recommended for investors and traders speaking German and focusing on European securities.
Charles Schwab
Charles Schwab is a US discount broker, regulated by top-tier US authorities the SEC and FINRA. The company is listed on the New York Stock Exchange and holds a banking license.
Recommended for investors and traders looking for solid research, low fees and great customer service.
flatex
Flatex is a German broker regulated by top-tier authorities such as the German BaFin. In addition, flatex is listed on Stuttgart Stock Exchange and has a banking background.
Recommended for investors and traders speaking German and focusing on European securities.
Charles Schwab's service is slightly better than flatex's and a comparison of their fees shows that Charles Schwab's fees are slightly lower than flatex's.
Account opening takes less effort at Charles Schwab compared to flatex, deposit and withdrawal processes are somewhat more complicated at Charles Schwab, while customer service quality is somewhat better than flatex's.
Our experts rated the trading platform of Charles Schwab as somewhat better than the platform of flatex, found that clients have access to slightly less markets and products with Charles Schwab, while flatex provides less useful research and education.
Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.
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