Charles Schwab
Interactive Brokers
*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.
Basic data of broker
Recommended for Investors and traders looking for solid research, low fees and great customer service
Recommended for Traders looking for broad market access and a professional trading environment
Best online broker
USA
USA
Fees
Low trading and non-trading fees, high fund fees
Low trading and non-trading fees, free stock and ETF trading for US customers
Stock and ETF fees
Forex fees
Fund fees
Bond fees
Options fees
Futures fees
Crypto fees
CFD fees
Non-trading fees
Deposit and withdrawal
1
23
Deposit type
Withdrawal type
Account opening
$0
$0
1 day
1-3 days
Proof of identity: SSN and national ID / passport / driver's license Proof of residency: bank statement / utility bill
Proof of identity: national ID / passport / driver's license Proof of residency: bank statement / utility bill / driver's license / credit card statement
Trading platform
Markets and products
Disclaimer: 60.0% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Research, education
Great
Great
Customer service
Security
$500,000 (securities up to $500,000, cash up to $250,000)
£85,000 or $500,000 (but only $250,000 for cash) in the UK depending on the assets you hold; $500,000 ($250,000) in the US; €20,000 (IB Ireland & Luxembourg) or €100,000 (IB Central Europe) in the EU, CAD 1 million in Canada; HKD 500,000 in Hong Kong
1971
1977
USA, UK, Hong Kong, Singapore
USA, Ireland, UK, Hungary, India, Australia, Canada, Japan, Hong Kong, Singapore
For detailed information and hands-on experience, read our review of this broker.
For detailed information and hands-on experience, read our review of this broker.
*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.
Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.
Charles Schwab's service is on par with Interactive Brokers's and a comparison of their fees shows that Charles Schwab's fees are similar to Interactive Brokers's.
Account opening takes less effort at Charles Schwab compared to Interactive Brokers, deposit and withdrawal processes are somewhat more complicated at Charles Schwab, while customer service quality is somewhat better than Interactive Brokers's.
Our experts rated the trading platform of Charles Schwab as somewhat better than the platform of Interactive Brokers, found that clients have access to less markets and products with Charles Schwab, while Interactive Brokers provides just about the same quality of research and education.
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