Basic data of broker
Recommended for Investors and traders looking for solid research, low fees and great customer service
Recommended for Traders looking for low forex fees and preferring the MetaTrader platform
USA
Australia
Fees
Low trading and non-trading fees, high fund fees
Low forex, but high CFD 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
19
Deposit type
Withdrawal type
Account opening
$0
$50
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: valid passport or government ID, AND a driving license Proof of residency: utility bills, bank or credit card statement, tenancy contract or a residency certificate
Trading platform
Markets and products
Disclaimer: 86.67% 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
Mid-range
Customer service
Security
$500k (securities up to $500k, cash up to $250k)
€20k to EU clients and $0 for others
$500k (securities up to $500k, cash up to $250k)
€20k to EU clients and $0 for others
1971
2006
USA, UK, Hong Kong, Singapore
Australia, Cyprus, Lebanon, Saint Vincent and the Grenadines, Vanuatu
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 slightly better than Royal's and a comparison of their fees shows that Charles Schwab's fees are lower than Royal's.
Account opening takes somewhat more effort at Charles Schwab compared to Royal, deposit and withdrawal processes are more complicated at Charles Schwab, while customer service quality is better than Royal's.
Our experts rated the trading platform of Charles Schwab as somewhat better than the platform of Royal, found that clients have access to slightly more markets and products with Charles Schwab, while Royal provides just about the same quality of research and education.