Compare Charles Schwab vs Passfolio


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

Charles Schwab vs Passfolio
overall rating
4.8
4.3
overall pros
  • Free stock and ETF trading
  • Outstanding research
  • Great customer service
  • Free US stock and ETF trading
  • Great mobile platform
  • Fast and fully digital account opening
overall cons
  • High fees for some mutual funds
  • Only US/Canada markets available
  • Limited product portfolio focusing on US markets
  • Deposit is not user-friendly
  • Missing web and desktop platforms
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
4.6
  • Free stock and ETF trading for products priced above $5
  • No account opening and maintenance fees
account opening
4.4
  • Fast
  • Fully digital
  • No minimum deposit
  • $25,000 minimum deposit for non-US clients
5.0
  • Fully digital
  • No minimum deposit
  • Verification in 15 minutes
  • Verification can be buggy on desktop
deposit and withdrawal
2.2
  • No deposit fee
  • User-friendly
  • High fee for wire (bank transfer) withdrawals
1.5
  • No deposit fee
  • Credit/Debit card not available
  • Only one account base currency
  • Not user-friendly
web trading platform
4.3
  • User-friendly
  • Clear fee report
  • Price alerts
  • Limited customizability (for charts, workspace)
3.7
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • Limited customizability (for charts, workspace)
  • Limited order types
  • No price alerts
mobile trading platform
4.2
  • User-friendly
  • Touch/Face ID login
  • Order confirmation
  • No price alerts
4.2
  • User-friendly
  • Two-step (safer) login
  • Good search function
  • Limited order types
  • No price alerts
desktop trading platform
4.0
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • Only for Windows
markets and products
3.3
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
  • Futures
2.0
  • Stock
  • ETF
  • Crypto
research
4.3
  • Good interactive chart
  • Data on asset fundamentals
  • Trading ideas for stocks and ETFs
  • Hard to navigate among research tools
1.5
  • User-friendly
  • Limited interactive charting
  • No trading ideas
  • No fundamental data available
customer service
4.5
  • Phone support
  • Live chat
  • Fast response time
  • No email support
3.5
  • Relevant answers
  • Fast email support
  • No 24/7 support
  • Couldn't reach phone support on multiple occasions
education
4.5
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Not well-structured
2.5
  • Quality educational texts
  • No demo account
  • No trading platform tutorial videos
  • 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
  • High level of investor 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 Beginners and long-term investors focusing on the US stock market
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