Charles Schwab
Robinhood
*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.
Basic data of broker
Recommended for Investors and traders looking for solid research, low fees and great customer service
Recommended for Beginners and buy-and-hold investors focusing on the US stock market
USA
USA
Fees
Low trading and non-trading fees, high fund fees
Low trading and non-trading fees, free US stock and ETF trading
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
1
Deposit type
Withdrawal type
Account opening
$0
$0
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: SSN and ID / passport / driver's license
Trading platform
Markets and products
Research, education
Great
Poor
Customer service
Security
$500,000 (securities up to $500,000, cash up to $250,000)
$500,000 (securities up to $500,000, cash up to $250,000)
1971
2013
USA, UK, Hong Kong, Singapore
USA
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.
*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.
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 Robinhood's and a comparison of their fees shows that Charles Schwab's fees are similar to Robinhood's.
Account opening takes somewhat more effort at Charles Schwab compared to Robinhood, deposit and withdrawal processes are somewhat easier at Charles Schwab, while customer service quality is much better than Robinhood's.
Our experts rated the trading platform of Charles Schwab as somewhat worse than the platform of Robinhood, found that clients have access to about the same number of markets and products with Charles Schwab, while Robinhood provides somewhat lower-quality research and education.