Comparison Charles Schwab vs Interactive Brokers

The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares Charles Schwab vs Interactive Brokers. Is Charles Schwab or Interactive Brokers a better online broker?

First of all, we’ll compare the commission fees of the two brokers. Charles Schwab has a commission fee of $4.95, and Interactive Brokers has a commission fee of $0.005. Let’s analyze the commission fees on trading options. Charles Schwab has a commission fee of $4.95 + $0.65 per contract, Interactive Brokers has a commission fee of $0 + $0.70 per contract. You can read more detailed information on commission fees in the online broker reviews.

Investors should always know about types of online trading supported by broker and about tools provided by them in trading. It is very important information as well. Let’s compare them. are Charles Schwab provides customers with Stocks Trading, Penny Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Robo Advisor, and Interactive Brokers provides customers with Stocks Trading, Penny Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Forex Trading, Futures Trading, Crypto Trading, Robo Advisor. Concerning the platforms, Charles Schwab uses Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, Android App, iOS App, while Interactive Brokers uses Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, Android App, iOS App.

In conclusion, when comparing the two online brokers, we should pay our attention to the year and country of foundation, the regulatory authorities and ways to withdraw funds. Charles Schwab was established in 1973 in United States, and it is regulated by SIPC. And Interactive Brokers was established in 1978 in United States, and it is regulated by NYSE, FINRA, SIPC. Withdrawal of funds from Charles Schwab can be done using Bank Wire, Visa/Mastercard with a withdrawal fee of $0. And Interactive Brokers provides the ability to withdraw funds using Bank Wire, Visa/Mastercard with a withdrawal fee of $0. The withdrawal time for Charles Schwab is 5 days, and that one for Interactive Brokers is 3-5 days.

Overall, Charles Schwab boasts 4.1 stars versus Interactive Brokers 4.1 stars.