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
4.8
4.9
overall pros
  • Free stock and ETF trading
  • Outstanding research
  • Great customer service
  • Wide range of products
  • Many great research tools
  • Regulated by several authorities
overall cons
  • High fees for some mutual funds
  • Product selection covers only the US market
  • Not well-structured educational platform
  • Extremely complex desktop trading platform
  • Complicated account opening process
  • High inactivity fee
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
4.3
  • Low trading fees
  • Low stock and ETF fees
  • Low financing rate
  • Free stock and ETF trading for US clients
  • Inactivity fee
account opening
4.8
  • Fast
  • Fully digital
  • No minimum deposit
  • For non-US clients $25,000 minimum deposit
3.4
  • Fully digital
  • No minimum deposit for most accounts 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
3.7
  • User-friendly
  • Clear fee report
  • Price alerts
  • Order confirmation
  • No two-step (safer) login
  • Limited customizability (for charts, workspace)
4.3
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • Limited customizability (for charts, workspace)
mobile trading platform
3.7
  • User-friendly
  • Touch/Face ID login
  • Order confirmation
  • No two-step (safer) login
  • 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
3.5
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • No two-step (safer) login
  • 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
  • Indices
  • Metals
research
4.8
  • 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
3.3
  • 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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