Compare Charles Schwab vs Plus500


Online brokers compared for fees, trading platforms, safety and more. See how Charles Schwab stacks up against Plus500!

Charles Schwab vs Plus500
overall rating
4.8
4.3
overall pros
  • Free stock and ETF trading
  • Outstanding research
  • Great customer service
  • Easy-to-use platform
  • Low CFD fees
  • Great account opening
overall cons
  • High fees for some mutual funds
  • Only US/Canada markets available
  • Poorly-structured educational platform
  • Limited product range, only CFDs
  • Minimal research tools
  • Mediocre educational section
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
2.9
  • Low trading fees
  • No withdrawal fee
  • Inactivity fee
account opening
4.4
  • Fast
  • Fully digital
  • No minimum deposit
  • $25,000 minimum deposit for non-US clients
5.0
  • Fast
  • Fully digital
  • Low minimum deposit
deposit and withdrawal
2.2
  • No deposit fee
  • User-friendly
  • High fee for wire (bank transfer) withdrawals
5.0
  • Credit/Debit card available
  • No deposit fee
  • Five withdrawals per month free
web trading platform
4.3
  • User-friendly
  • Clear fee report
  • Price alerts
  • Limited customizability (for charts, workspace)
4.4
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • Limited customizability (for charts, workspace)
mobile trading platform
4.2
  • User-friendly
  • Touch/Face ID login
  • Order confirmation
  • No price alerts
4.9
  • User-friendly
  • Two-step (safer) login
  • Good search function
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
1.9
  • CFD
research
4.3
  • Good interactive chart
  • Data on asset fundamentals
  • Trading ideas for stocks and ETFs
  • Hard to navigate among research tools
2.8
  • Good interactive chart
  • User-friendly
  • No trading ideas
  • No fundamental data available
  • No/poor quality news flow
customer service
4.5
  • Phone support
  • Live chat
  • Fast response time
  • No email support
5.0
  • Live chat
  • Relevant answers
  • 24/7 availability
  • No phone support
education
3.0
  • Trading platform tutorial
  • Educational videos
  • No demo account
  • Not well-structured
2.5
  • Demo account
  • Educational videos
  • No trading platform tutorial videos
  • No webinars
  • No educational articles
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • Banking background
  • No negative balance protection
  • Listed on stock exchange
  • Negative balance protection
  • Financial information is publicly available
  • Does not hold a banking license
recommended for Investors and traders looking for solid research, low fees and great customer service Experienced traders looking for an easy-to-use platform and a great user experience
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