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
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
  • 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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