Compare Charles Schwab vs IG

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

Charles Schwab vs IG
open account		Open account 74-89% of retail CFD accounts lose money
overall rating	4.8	4.5
overall pros	Free stock and ETF trading Outstanding research Great customer service	First-class web trading platform Superb educational tools Great deposit and withdrawal options
overall cons	High fees for some mutual funds Only US/Canada markets available Poorly-structured educational platform	High forex and stock CFD fees Limited product portfolio Slow customer support
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	2.7 No withdrawal fee Inactivity fee charged only after 2 years High forex fees High stock CFD trading fees
account opening	4.4 Fast Fully digital No minimum deposit $25,000 minimum deposit for non-US clients	4.4 Fully digital Low minimum deposit No minimum deposit for bank transfer Slower account opening
deposit and withdrawal	2.2 No deposit fee User-friendly High fee for wire (bank transfer) withdrawals	4.5 Credit/Debit card available Free withdrawal No deposit fee
web trading platform	4.3 User-friendly Clear fee report Price alerts Limited customizability (for charts, workspace)	5.0 User-friendly Clear fee report Two-step (safer) login
mobile trading platform	4.2 User-friendly Touch/Face ID login Order confirmation No price alerts	5.0 User-friendly Good search function 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	4.0 ETF Forex Options CFD Crypto Stocks in some countries Robo-advisory in UK IPOs
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 No fundamental data available
customer service	4.5 Phone support Live chat Fast response time No email support	3.6 Phone support Relevant answers No 24/7 support Live chat is often offline
education	3.0 Trading platform tutorial Educational videos No demo account Not well-structured	5.0 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 Listed on stock exchange Negative balance protection Does not hold a banking license
recommended for	Investors and traders looking for solid research, low fees and great customer service	Traders of any experience level looking for an easy-to-use trading platform

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