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	Visit broker	Visit broker 76% 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 Product selection covers only the US market Not well-structured educational platform	High stock CFD fees Limited product portfolio Poor phone support
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	3.3 No withdrawal fee Low index CFD trading fees Inactivity fee High stock CFD fee
account opening	4.5 Fast Fully digital No minimum deposit For non-US clients $25,000 minimum deposit	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	4.2 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	4.5 User-friendly Good search function Good variety of order types No two-step (safer) login No 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	3.2 Stock ETF Forex Options CFD Crypto Equities for UK clients Robo-advisory service in the 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 Quality news flow No fundamental data available
customer service	4.5 Phone support Live chat Fast response time No email support	3.8 Phone support Live chat Relevant answers Poor phone support
education	3.0 Trading platform tutorial Educational videos No demo account Not well-structured	4.5 Demo account Trading platform tutorial Educational videos No educational articles
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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