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
4.6
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
3.4
  • 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
5.0
  • 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
3.5
  • 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
3.6
  • Phone support
  • Live chat
  • Relevant answers
  • Poor phone support
education
3.0
  • Trading platform tutorial
  • Educational videos
  • No demo account
  • Not well-structured
5.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • No educational articles
  • 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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