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Compare Charles Schwab vs LYNX

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

Charles Schwab vs LYNX
overall rating
4.6 / 5.0
4.4 / 5.0
overall pros
  • Outstanding research
  • Low fees
  • Great customer service
  • Low trading fees
  • Great research tools
  • Wide range of markets and products
overall cons
  • No credit/debit cards and electronic wallets for money transfer
  • Only US markets covered
  • Not well-structured education
  • Deposit and withdrawal are not user-friendly
  • €3,000 minimum deposit
  • High inactivity fee
fees
4 stars
  • Low trading fees
  • No inactivity fee
  • Some ETFs, bonds, and mutual funds are free
  • High financing rate
  • High fees for mutual funds
3 stars
  • Low trading fees
  • No withdrawal fee
  • Inactivity fee
account opening
5 stars
  • Fast account opening
  • Fully digital account opening
  • No minimum account balance
  • For non-US clients $25,000 minimum
3 stars
  • Fully digital account opening
  • User-friendly
  • Minimum account balance is higher than $500
deposit and withdrawal
2 stars
  • No deposit fee
  • User-friendly
  • Credit/Debit card deposit and withdrawal not available
  • Only one account base currency
  • High fee for wire withdrawals
2 stars
  • No deposit fee
  • Several account base currencies
  • One free withdrawal per month
  • Credit/Debit card deposit and withdrawal not available
  • Not user-friendly
web trading platform
4 stars
  • User-friendly
  • Clear fee report
  • Price alerts
  • No two-step (safe) login
  • Limited customizability (for charts, workspace)
3 stars
  • User-friendly
  • Good variety of order types
  • No two-step (safe) login
  • Limited customizability (for charts, workspace)
  • No price alerts
mobile trading platform
4 stars
  • User-friendly
  • Looks nice
  • No two-step (safe) login
  • No price alerts
4 stars
  • Two-step (safe) login
  • Good search function
  • Innovative functions (i.e. Chatbot)
  • Not user-friendly
desktop trading platform
4 stars
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • No two-step (safe) login
  • Only for Windows
3 stars
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • Price alerts
  • Not user-friendly
  • Poor search function
markets and products
3 stars
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
  • Futures
4 stars
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • Futures
  • CFD
  • Crypto
research
5 stars
  • Good interactive chart
  • Data on asset fundamentals
  • Trading ideas for stock and ETF
  • Hard to navigate
4 stars
  • Good interactive chart
  • Analyst recommendations for stocks, bonds, etc.
  • Data on asset fundamentals
  • Not user-friendly
customer service
4 stars
  • Live chat
  • Relevant answers
  • 24/7 availability
  • No email support
4 stars
  • Fast response time
  • Available in local languages
  • Irrelevant answers
education
3 stars
  • Trading platform tutorial videos
  • Educational videos
  • Good production quality
  • No demo account
  • Not well-structured
3 stars
  • Good production quality
  • Demo account for desktop platform
  • No trading platform tutorial videos
  • No educational videos
  • Regulated by top tier financial authority
  • High level of investor protection
  • Banking background
  • No negative balance protection
  • Regulated by top tier financial authority
  • Negative balance protection
  • Does not hold a banking license
  • Not listed on stock exchange
  • Financial information is not publicly available
recommended for Investors and traders looking for solid research, low fees, and great customer service European traders aiming for low trading fees, great research tools, and local customer support

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