Compare Charles Schwab vs Oanda


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

Charles Schwab vs Oanda
overall rating
4.7
4.6
overall pros
  • Free stock and ETF trading
  • Outstanding research
  • Great customer service
  • Great trading platforms
  • Outstanding research tools
  • Fast and user-friendly account opening
overall cons
  • High fees for some mutual funds
  • Only US/Canada markets available
  • Only FX and CFD available
  • No stock exchange listing and banking background
  • Customer support is not 24/7
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
4.2
  • Low forex fees
  • First card withdrawal each month is free
  • Average CFD fees
account opening
4.3
  • Fast
  • Fully digital
  • No minimum deposit
  • $25,000 minimum deposit for non-US clients
4.2
  • Fully digital
  • No minimum deposit
deposit and withdrawal
2.2
  • No deposit fee
  • User-friendly
  • High fee for wire (bank transfer) withdrawals
4.2
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
  • High withdrawal fee for bank transfers
web trading platform
4.3
  • User-friendly
  • Clear fee report
  • Price alerts
  • Limited customizability (for charts, workspace)
4.5
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • No price alerts
mobile trading platform
4.2
  • User-friendly
  • Touch/Face ID login
  • Order confirmation
  • No price alerts
5.0
  • User-friendly
  • Two-step (safer) login
  • Good search function
  • No Touch/Face ID login
desktop trading platform
4.0
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • Only for Windows
4.5
  • User-friendly
  • Clear fee report
  • Good customizability (for charts, workspace)
  • No price alerts
markets and products
3.0
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
  • Futures
1.8
  • Forex
  • CFD
research
4.2
  • Good interactive chart
  • Data on asset fundamentals
  • Trading ideas for stocks and ETFs
  • Hard to navigate among research tools
4.5
  • Good interactive chart
  • Data on asset fundamentals
  • Quality news flow
  • Great API
  • No trading ideas
  • Research tools are poorly organized
customer service
5.0
  • Phone support
  • Live chat
  • Fast response time
4.5
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
education
4.5
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Not well-structured
4.8
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Materials not well-organized
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • Banking background
  • No negative balance protection
  • Majority of clients belong to a top-tier financial authority
  • Negative balance protection
  • Financial information is publicly available
  • Does not hold a banking license
  • Not listed on stock exchange
recommended for Investors and traders looking for solid research, low fees and great customer service Forex traders who value a user-friendly platform and great research tools
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