Charles Schwab
Markets.com
*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 to venture into CFD trading
USA
Cyprus
Fees
Low trading and non-trading fees, high fund fees
High trading fees, average non-trading fees
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
11
Deposit type
Withdrawal type
Account opening
$0
$100
1 day
1 day
Proof of identity: SSN and national ID / passport / driver's license Proof of residency: bank statement / utility bill
Proof of identity: ID / passport / driver's license / National ID / Government ID containing photo, full name, date of birth, expiration date Proof of residency: bank statement / utility bill / internet bill / landline phone / tv service
Trading platform
Markets and products
Disclaimer: 79.9% 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)
€20,000 in Europe, £85,000 in the UK, no protection in South Africa, Australia and other countries
1971
2008
USA, UK, Hong Kong, Singapore
Cyprus, UK, Australia, South Africa, British Virgin Islands
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 slightly better than Markets.com's and a comparison of their fees shows that Charles Schwab's fees are lower than Markets.com's.
Account opening takes somewhat more effort at Charles Schwab compared to Markets.com, deposit and withdrawal processes are considerably more complicated at Charles Schwab, while customer service quality is similar to Markets.com's.
Our experts rated the trading platform of Charles Schwab as being of the same quality as the platform of Markets.com, found that clients have access to slightly more markets and products with Charles Schwab, while Markets.com provides just about the same quality of research and education.