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
4.9
4.6
overall pros
  • Free stock and ETF trading
  • Outstanding research
  • Great customer service
  • Free US stock and ETF trading
  • Great mobile and web trading platforms
  • Fast and fully digital account opening
overall cons
  • High fees for some mutual funds
  • Only US/Canada markets available
  • Poorly-structured educational platform
  • Limited product range
  • Weak customer support
  • Few educational materials
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
4.9
  • Commission-free US stock and ETF trading
  • No fee for deposit or withdrawal
  • Transparent fee structure
account opening
4.5
  • Fast
  • Fully digital
  • No minimum deposit
  • $25,000 minimum deposit for non-US clients
5.0
  • Fast
  • Fully digital
  • No minimum deposit
  • Available only for US clients
  • No IRA accounts offered
deposit and withdrawal
2.2
  • No deposit fee
  • User-friendly
  • High fee for wire (bank transfer) withdrawals
2.8
  • Free withdrawal
  • No deposit fee
  • Cash management service
  • Credit/Debit card not available
  • Depositing larger amounts on Robinhood Gold takes longer
  • Wire withdrawal is pricey
web trading platform
4.3
  • User-friendly
  • Clear fee report
  • Price alerts
  • Limited customizability (for charts, workspace)
4.5
  • 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
5.0
  • 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
2.4
  • Stock
  • ETF
  • Options
  • Crypto
research
4.3
  • Good interactive chart
  • Data on asset fundamentals
  • Trading ideas for stocks and ETFs
  • Hard to navigate among research tools
3.6
  • Trading ideas
  • Data on asset fundamentals
  • Quality news flow
  • Limited interactive charting
  • No/limited set of analytic tools
customer service
4.5
  • Phone support
  • Live chat
  • Fast response time
  • No email support
1.5
  • Fast response time
  • Relevant answers
  • No phone support
  • No live chat
  • No 24/7 support
education
3.0
  • Trading platform tutorial
  • Educational videos
  • No demo account
  • Not well-structured
1.5
  • Quality educational texts
  • No demo account
  • No trading platform tutorial videos
  • No educational videos
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • Banking background
  • No negative balance protection
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • Financial information is publicly available
  • No negative balance protection
  • Does not hold a banking license
  • Not listed on stock exchange
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
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