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Compare Charles Schwab vs Robinhood


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

Charles Schwab vs Robinhood
overall rating
4.6 / 5.0
4.1 / 5.0
overall pros
  • Outstanding research
  • Low fees
  • Great customer service
  • Commission-free US stock trading
  • Great mobile and web trading platforms
  • Fast and fully digital account opening
overall cons
  • No credit/debit cards and electronic wallets for money transfer
  • Only US markets covered
  • Not well-structured education
  • Available only for US and Australian clients
  • Weak customer support
  • Limited product portfolio
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
  • No withdrawal fee
  • No inactivity fee
  • Commission-free US stock trading
  • High financing rate
  • High trading fees of non-US stocks
account opening
5 stars
  • Fast account opening
  • Fully digital account opening
  • No minimum account balance
  • For non-US clients $25,000 minimum
5 stars
  • Fast account opening
  • Fully digital account opening
  • No minimum account balance
  • User-friendly
  • It is only availalbe for the US and the Australian clients
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
3 stars
  • No deposit fee
  • User-friendly
  • Instant deposit up to $1,000 per week
  • Credit/Debit card deposit and withdrawal not available
  • Lengthy deposit if you don't use the instant deposit
web trading platform
4 stars
  • User-friendly
  • Clear fee report
  • Price alerts
  • No two-step (safe) login
  • Limited customizability (for charts, workspace)
5 stars
  • User-friendly
  • Clear fee report
  • Looks nice
  • Customizability is missing
mobile trading platform
4 stars
  • User-friendly
  • Looks nice
  • No two-step (safe) login
  • No price alerts
5 stars
  • User-friendly
  • Good search function
  • Looks nice
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
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markets and products
3 stars
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
  • Futures
1 stars
  • Stock
  • ETF
  • Options
  • Crypto
research
5 stars
  • Good interactive chart
  • Data on asset fundamentals
  • Trading ideas for stock and ETF
  • Hard to navigate
3 stars
  • Good quality news flow
  • User-friendly
  • Limited interactive charting
  • No analyst recommendations for stocks, bonds, etc.
  • No/limited set of analytic tools
customer service
4 stars
  • Live chat
  • Relevant answers
  • 24/7 availability
  • No email support
1 stars
  • Relevant answers
  • Professional tone
  • No phone support
  • No live chat
  • Slow support
education
3 stars
  • Trading platform tutorial videos
  • Educational videos
  • Good production quality
  • No demo account
  • Not well-structured
0 stars
  • No demo account
  • 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
  • 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 buy and hold investors focusing on the US stock market