Charles Schwab
Plus500
Basic data of broker
Recommended for Investors and traders looking for solid research, low fees and great customer service
Recommended for Experienced traders looking for an easy-to-use platform and a great user experience
USA
Israel
Fees
Low trading and non-trading fees, high fund fees
Average trading and 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
16
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 / driving license, passport, residence permit Proof of residency: bank statement / utility bill / toll taxes letter / salary slip / address card
Trading platform
Markets and products
Disclaimer: 86% 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)
£85,000 in the UK, €20,000 in other EU countries, no protection for residents of all other countries
1971
2008
USA, UK, Hong Kong, Singapore
UK, Cyprus, Australia, New Zealand, Singapore, South Africa, Israel, Seychelles
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.
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 on par with Plus500's and a comparison of their fees shows that Charles Schwab's fees are similar to Plus500's.
Account opening takes somewhat more effort at Charles Schwab compared to Plus500, deposit and withdrawal processes are considerably more complicated at Charles Schwab, while customer service quality is similar to Plus500's.
Our experts rated the trading platform of Charles Schwab as somewhat worse than the platform of Plus500, found that clients have access to slightly less markets and products with Charles Schwab, while Plus500 provides somewhat lower-quality research and education.
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