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Compare Charles Schwab vs Tradestation


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

Charles Schwab vs Tradestation
overall rating
4.6 / 5.0
4.4 / 5.0
overall pros
  • Outstanding research
  • Low fees
  • Great customer service
  • Great mobile trading platform
  • Wide range of reserach tools
  • High-quality educational tools
overall cons
  • No credit/debit cards and electronic wallets for money transfer
  • Only US markets covered
  • Not well-structured education
  • Not user-friendly deposit and withdrawal
  • No forex
  • Bad customer service
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
  • Low trading fees
  • More fee structures you can choose from
  • High non-trading fees
account opening
5 stars
  • Fast account opening
  • Fully digital account opening
  • No minimum account balance
  • For non-US clients $25,000 minimum
4 stars
  • Fully digital account opening
  • User-friendly
  • Slow account opening
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
2 stars
  • No deposit fee
  • Credit/Debit card deposit and withdrawal not available
  • Not user-friendly
  • High withdrawal fee (for non-US clients $35 /tansaction)
web trading platform
4 stars
  • User-friendly
  • Clear fee report
  • Price alerts
  • No two-step (safe) login
  • Limited customizability (for charts, workspace)
4 stars
  • User-friendly
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • No clear fee report available
  • No price alerts
mobile trading platform
4 stars
  • User-friendly
  • Looks nice
  • No two-step (safe) login
  • No price alerts
5 stars
  • User-friendly
  • Good variety of order types
  • Price alerts
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
3 stars
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • Not user-friendly
  • No clear fee report available
markets and products
3 stars
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
  • Futures
2 stars
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
  • Futures
research
5 stars
  • Good interactive chart
  • Data on asset fundamentals
  • Trading ideas for stock and ETF
  • Hard to navigate
4 stars
  • Data on asset fundamentals
  • Good quality news flow
  • Good set of analytical tools
  • Not user-friendly
customer service
4 stars
  • Live chat
  • Relevant answers
  • 24/7 availability
  • No email support
3 stars
  • Live chat
  • Relevant and fast telephone support
  • Practically no email support
  • No 24/7
education
3 stars
  • Trading platform tutorial videos
  • Educational videos
  • Good production quality
  • No demo account
  • Not well-structured
5 stars
  • Demo account
  • Trading platform tutorial videos
  • Educational videos
  • Good production quality
  • 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
  • Parent company listed on stock exchange
  • No negative balance protection
recommended for Investors and traders looking for solid research, low fees, and great customer service Traders wanting great research tools and preferring the US markets