Compare Charles Schwab vs IC Markets

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

Charles Schwab vs IC Markets
open account	Visit broker	Visit broker 74-89% of retail CFD accounts lose money
overall rating	4.8	4.4
overall pros	Free stock and ETF trading Outstanding research Great customer service	Low forex fees Easy and fast account opening Free deposit and withdrawal
overall cons	High fees for some mutual funds Product selection covers only the US market Not well-structured educational platform	No investor protection No negative balance protection Only forex, CFD and crypto trading
fees	4.4 Low non-trading fees Free stock and ETF trading Some mutual funds and bonds are free High fees for non-free mutual funds	4.3 Low trading fees Low non-trading fees Low forex fees High financing rate for CFDs
account opening	4.5 Fast Fully digital No minimum deposit For non-US clients $25,000 minimum deposit	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	4.9 Credit/Debit card available Free withdrawal No deposit fee
web trading platform	4.2 User-friendly Clear fee report Price alerts Limited customizability (for charts, workspace)	2.8 Clear fee report Good customizability (for charts, workspace) Order confirmation No two-step (safer) login No price alerts Poor design
mobile trading platform	4.2 User-friendly Touch/Face ID login Order confirmation No price alerts	3.8 User-friendly Good search function Price alerts No two-step (safer) login No Touch/Face ID login No order confirmation
desktop trading platform	4.0 Clear fee report Good customizability (for charts, workspace) Good variety of order types Only for Windows	3.3 Clear fee report Good customizability (for charts, workspace) Price alerts No two-step (safer) login Poor design
markets and products	3.3 Stock ETF Fund Bond Options Futures	1.7 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	3.8 Trading ideas Quality news flow User-friendly No fundamental data available
customer service	4.5 Phone support Live chat Fast response time No email support	3.6 Phone support Live chat Fast response time Slow and irrelevant live chat
education	3.0 Trading platform tutorial Educational videos No demo account Not well-structured	4.5 Demo account Trading platform tutorial 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 In operation for a long time No investor protection No negative balance protection Does not hold a banking license
recommended for	Investors and traders looking for solid research, low fees and great customer service	Forex traders who value easy account opening and free deposit/withdrawal options

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