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
4.9
4.7
overall pros
  • Free stock and ETF trading
  • Outstanding research
  • Great customer service
  • Great web and mobile trading platform
  • Low stock and ETF fees
  • High-quality educational tools
overall cons
  • High fees for some mutual funds
  • Only US/Canada markets available
  • Poorly-structured educational platform
  • Not user-friendly deposit and withdrawal
  • No forex trading
  • Okayish customer service
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
4.3
  • Low trading fees
  • Low stock and ETF fees
  • Multiple fee structures to choose from
  • Withdrawal fee
  • Non-trading fees can be high
account opening
4.5
  • Fast
  • Fully digital
  • No minimum deposit
  • $25,000 minimum deposit for non-US clients
5.0
  • Fast
  • Fully digital
  • User-friendly
  • Only USD accounts (unless you trade futures)
deposit and withdrawal
2.2
  • No deposit fee
  • User-friendly
  • High fee for wire (bank transfer) withdrawals
1.8
  • No deposit fee
  • Deposit and withdrawal in cryptocurrencies
  • Credit/Debit card not available
  • High fee for wire withdrawal
  • Only USD accounts (unless you trade futures)
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
  • No price alerts
mobile trading platform
4.2
  • User-friendly
  • Touch/Face ID login
  • Order confirmation
  • No price alerts
4.8
  • User-friendly
  • Two-step (safer) login
  • Good variety of order types
  • Limited search functions
desktop trading platform
4.0
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • Only for Windows
2.5
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • Two-step (safer) login
  • Not user-friendly
  • Poor search function
  • Poor design
markets and products
3.3
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
  • Futures
2.7
  • Stock
  • ETF
  • Fund
  • Options
  • Futures
  • Crypto
research
4.3
  • Good interactive chart
  • Data on asset fundamentals
  • Trading ideas for stocks and ETFs
  • Hard to navigate among research tools
4.0
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
  • Many add-on research tools are not free
customer service
4.5
  • Phone support
  • Live chat
  • Fast response time
  • No email support
2.5
  • Phone support
  • Live chat
  • No 24/7 support
education
3.0
  • Trading platform tutorial
  • Educational videos
  • No demo account
  • Not well-structured
5.0
  • Demo account
  • Trading platform tutorial
  • 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
  • Parent company listed on stock exchange
  • No negative balance protection
  • Does not hold a banking license
recommended for Investors and traders looking for solid research, low fees and great customer service Traders focusing on US markets and buy-and-hold investing
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