Compare Charles Schwab vs Interactive Brokers


Online brokers compared for fees, trading platforms, safety and more. See how Charles Schwab stacks up against Interactive Brokers!

Charles Schwab vs Interactive Brokers
overall rating
4.9
4.9
overall pros
  • Free stock and ETF trading
  • Outstanding research
  • Great customer service
  • Low trading fees
  • Wide range of products
  • Many great research tools
overall cons
  • High fees for some mutual funds
  • Only US/Canada markets available
  • Poorly-structured educational platform
  • Complicated account opening process
  • Complex desktop trading platform
  • High inactivity fee
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
4.3
  • Low trading fees
  • Low stock and ETF fees
  • Free stock and ETF trading for US clients
  • Low margin rates
  • Inactivity fee
account opening
4.5
  • Fast
  • Fully digital
  • No minimum deposit
  • $25,000 minimum deposit for non-US clients
3.4
  • Fully digital
  • No minimum deposit for most account types
  • Not user-friendly
  • Confusing messages throughout the process
deposit and withdrawal
2.2
  • No deposit fee
  • User-friendly
  • High fee for wire (bank transfer) withdrawals
2.5
  • No deposit fee
  • Several account base currencies
  • First withdrawal each month free
  • Credit/Debit card not available
  • Not user-friendly
web trading platform
4.3
  • User-friendly
  • Clear fee report
  • Price alerts
  • Limited customizability (for charts, workspace)
4.3
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • Limited customizability (for charts, workspace)
mobile trading platform
4.2
  • User-friendly
  • Touch/Face ID login
  • Order confirmation
  • No price alerts
3.5
  • Two-step (safer) login
  • Good search function
  • Good variety of order types
  • User interface is a bit complex
desktop trading platform
4.0
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • Only for Windows
3.0
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • Not user-friendly
  • Poor search function
  • Too complex for beginners
markets and products
3.3
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
  • Futures
5.0
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • Futures
  • CFD
  • Crypto
  • Warrants
  • Structured Products
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
  • Data on asset fundamentals
  • Not user-friendly
customer service
4.5
  • Phone support
  • Live chat
  • Fast response time
  • No email support
4.4
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
education
3.0
  • Trading platform tutorial
  • Educational videos
  • No demo account
  • Not well-structured
4.5
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Courses only available after registration
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • Banking background
  • No negative balance protection
  • Listed on stock exchange
  • Negative balance protection
  • Regulated by top-tier financial authorities
recommended for Investors and traders looking for solid research, low fees and great customer service Traders looking for low fees and a professional trading environment
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