Online brokers compared for fees, trading platforms, safety and more. See how Charles Schwab stacks up against Interactive Brokers!
Last update of data—Jun 2022
Charles Schwab is a US discount broker, regulated by top-tier US authorities the SEC and FINRA. The company is listed on the New York Stock Exchange and holds a banking license.
Interactive Brokers is a US discount broker. It is listed on a stock exchange and regulated by several authorities, including top-tier ones like the FCA and the SEC.
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.
Charles Schwab
Charles Schwab is a US discount broker, regulated by top-tier US authorities the SEC and FINRA. The company is listed on the New York Stock Exchange and holds a banking license.
Recommended for investors and traders looking for solid research, low fees and great customer service.
Interactive Brokers
Interactive Brokers is a US discount broker. It is listed on a stock exchange and regulated by several authorities, including top-tier ones like the FCA and the SEC.
Recommended for traders looking for broad market access and a professional trading environment.
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 somewhat 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 better than Interactive Brokers's.
Our experts rated the trading platform of Charles Schwab as being of the same quality as 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.
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.
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