Compare Charles Schwab vs tastyworks


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

Charles Schwab vs tastyworks
overall rating
4.9
4.7
overall pros
  • Free stock and ETF trading
  • Outstanding research
  • Great customer service
  • Low trading fees
  • Great educational materials
  • Good research tools
overall cons
  • High fees for some mutual funds
  • Only US/Canada markets available
  • Poorly-structured educational platform
  • Limited product selection
  • Few deposit and withdrawal options
  • No demo account
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
4.4
  • Low trading fees
  • Low stock and ETF fees
  • No inactivity fee
  • Withdrawal fee for bank (wire) transfers
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
deposit and withdrawal
2.2
  • No deposit fee
  • User-friendly
  • High fee for wire (bank transfer) withdrawals
1.9
  • No deposit fee
  • User-friendly
  • Free ACH withdrawals in the US
  • Credit/Debit card not available
  • Only one account base currency
  • High fee for wire withdrawals
web trading platform
4.3
  • User-friendly
  • Clear fee report
  • Price alerts
  • Limited customizability (for charts, workspace)
3.4
  • Clear fee report
  • Price alerts
  • Two-step (safer) authentication for certain functions
  • Limited customizability (for charts, workspace)
  • Not suited for beginners
mobile trading platform
4.2
  • User-friendly
  • Touch/Face ID login
  • Order confirmation
  • No price alerts
4.2
  • User-friendly
  • Touch/Face ID login
  • Order confirmation
  • No price alerts
desktop trading platform
4.0
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • Only for Windows
3.9
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
  • Not suited for beginners
markets and products
3.3
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
  • Futures
2.6
  • Stock
  • ETF
  • Options
  • Futures
research
4.3
  • Good interactive chart
  • Data on asset fundamentals
  • Trading ideas for stocks and ETFs
  • Hard to navigate among research tools
5.0
  • Good interactive chart
  • Trading ideas
  • Quality news flow
  • Limited fundamental data
customer service
4.5
  • Phone support
  • Live chat
  • Fast response time
  • No email support
4.0
  • Phone support
  • Fast response time
  • Relevant answers
  • No live chat
  • No 24/7 support
education
3.0
  • Trading platform tutorial
  • Educational videos
  • No demo account
  • Not well-structured
4.5
  • Trading platform tutorial
  • Educational videos
  • Good production quality
  • No demo account
  • 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 Options and futures traders focusing on US markets
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