Compare Charles Schwab vs TMGM


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

Charles Schwab vs TMGM
overall rating
4.8
4.3
overall pros
  • Free stock and ETF trading
  • Outstanding research
  • Great customer service
  • Low forex fees
  • Easy and fast account opening
  • Free deposit and withdrawal
overall cons
  • High fees for some mutual funds
  • Only US/Canada markets available
  • Poorly-structured educational platform
  • Slim product portfolio
  • Limited research and educational tools
  • No negative balance protection
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
4.5
  • Low forex fees
  • No withdrawal fee
  • No inactivity fee
account opening
4.4
  • Fast
  • Fully digital
  • No minimum deposit
  • $25,000 minimum deposit for non-US clients
5.0
  • Fast
  • Fully digital
  • Low minimum deposit
deposit and withdrawal
2.2
  • No deposit fee
  • User-friendly
  • High fee for wire (bank transfer) withdrawals
4.3
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
  • Minor currencies not accepted
web trading platform
4.3
  • User-friendly
  • Clear fee report
  • Price alerts
  • Limited customizability (for charts, workspace)
2.8
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Order confirmation
  • No two-step (safer) login
  • No price alerts
  • Poor design
mobile trading platform
4.2
  • User-friendly
  • Touch/Face ID login
  • Order confirmation
  • No price alerts
3.8
  • User-friendly
  • Good search function
  • Price alerts
  • No two-step (safer) login
  • No Touch/Face ID login
desktop trading platform
4.0
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • Only for Windows
3.4
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
  • No two-step (safer) login
  • Poor design
markets and products
3.3
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
  • Futures
1.9
  • Forex
  • CFD
  • Crypto
research
4.3
  • Good interactive chart
  • Data on asset fundamentals
  • Trading ideas for stocks and ETFs
  • Hard to navigate among research tools
1.5
  • Strategy Tester for automated trading
  • No trading ideas
  • No fundamental data available
  • No/poor quality news flow
customer service
4.5
  • Phone support
  • Live chat
  • Fast response time
  • No email support
4.5
  • Live chat
  • Fast response time
  • Relevant answers
  • No 24/7 support
  • Phone support problematic
education
3.0
  • Trading platform tutorial
  • Educational videos
  • No demo account
  • Not well-structured
1.5
  • Demo account
  • No trading platform tutorial videos
  • No educational videos
  • No webinars
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • Banking background
  • No negative balance protection
  • Regulated by the top-tier ASIC
  • No negative balance protection
  • Not listed on stock exchange
  • No investor proection by regulators
recommended for Investors and traders looking for solid research, low fees and great customer service Forex traders who prefer the MetaTrader platform
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