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Compare Charles Schwab vs Pepperstone


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

Charles Schwab vs Pepperstone
overall rating
4.6 / 5.0
4.4 / 5.0
overall pros
  • Outstanding research
  • Low fees
  • Great customer service
  • Great customer service
  • User-friendly and fast account opening
  • Easy-to-use and good-looking platforms
overall cons
  • No credit/debit cards and electronic wallets for money transfer
  • Only US markets covered
  • Not well-structured education
  • Limited product portfolio
  • Limited research
  • Limited education
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
4 stars
  • Low trading fees
  • No inactivity fee
  • Transparent fee structure
  • Withdrawal fee
account opening
5 stars
  • Fast account opening
  • Fully digital account opening
  • No minimum account balance
  • For non-US clients $25,000 minimum
4 stars
  • Fully digital account opening
  • User-friendly
  • Many account types
  • No minimum deposit for Standard Account
  • It can take 4-5 business days
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
4 stars
  • User-friendly
  • Free bank and electronic wallets deposit
  • Free credit and debit cards withdrawal
  • High withdrawal fee
web trading platform
4 stars
  • User-friendly
  • Clear fee report
  • Price alerts
  • No two-step (safe) login
  • Limited customizability (for charts, workspace)
4 stars
  • User-friendly
  • Good search function
  • Good customizability (for charts, workspace)
  • No two-step (safe) login
mobile trading platform
4 stars
  • User-friendly
  • Looks nice
  • No two-step (safe) login
  • No price alerts
4 stars
  • User-friendly
  • Good search function
  • Looks nice
  • No two-step (safe) login
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
4 stars
  • User-friendly
  • Good customizability (for charts, workspace)
  • Good search function
  • No two-step (safe) login
markets and products
3 stars
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
  • Futures
1 stars
  • Forex
  • CFD
  • Crypto
research
5 stars
  • Good interactive chart
  • Data on asset fundamentals
  • Trading ideas for stock and ETF
  • Hard to navigate
3 stars
  • Good interactive chart
  • Good quality news flow
  • No analyst recommendations for stocks, bonds, etc.
  • No fundamental data available
  • No/limited set of analytic tools
customer service
4 stars
  • Live chat
  • Relevant answers
  • 24/7 availability
  • No email support
5 stars
  • Live chat
  • Fast response time
  • Relevant answers
  • Available in local languages
education
3 stars
  • Trading platform tutorial videos
  • Educational videos
  • Good production quality
  • No demo account
  • Not well-structured
3 stars
  • Demo account
  • Good educational texts
  • Webinars
  • 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
  • High level of investor protection
  • Negative balance protection
  • 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 Forex traders aiming for a good customer service