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.

Overall Rating

 
Overall
Products & Fees
Security
Tools
Desktop Experience
Mobile Experience
Banking
Customer Support
Education
 
Charles Schwab
Overall
Products & Fees
Security
Tools
Desktop Experience
Mobile Experience
Banking
Customer Support
Education
Interactive Brokers
Overall
Products & Fees
Security
Tools
Desktop Experience
Mobile Experience
Banking
Customer Support
Education

Fees

Fees
Stock
ETFs
Options
Mutual Funds
Bonds
Forex Spreads
CFDs
Futures
Metals
Cryptocurrency
Charles Schwab
Stock
$4.95
ETFs
$29.85
Options
$4.95 + $0.65 per contract
Mutual Funds
$49.95
Bonds
$1
Forex Spreads
N/A
CFDs
N/A
Futures
N/A
Metals
N/A
Cryptocurrency
N/A
Interactive Brokers
Stock
$0.005
ETFs
$0
Options
$0 + $0.70 per contract
Mutual Funds
$14.95
Bonds
0.1% of face value
Forex Spreads
0.20 basis points
CFDs
N/A
Futures
$0.85 per contract
Metals
0.15 basis points
Cryptocurrency
$5 per contract

Types of trading

Types of trading
Stocks Trading
Penny Stocks Trading
Options Trading
ETFs Trading
Mutual Funds Trading
Bonds Trading
Forex Trading
Futures Trading
Crypto Trading
Robo Advisor
Charles Schwab
Stocks Trading
Penny Stocks Trading
Options Trading
ETFs Trading
Mutual Funds Trading
Bonds Trading
Forex Trading
Futures Trading
Crypto Trading
Robo Advisor
Interactive Brokers
Stocks Trading
Penny Stocks Trading
Options Trading
ETFs Trading
Mutual Funds Trading
Bonds Trading
Forex Trading
Futures Trading
Crypto Trading
Robo Advisor

Platforms

Platforms
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform
MT4
MT5
Charles Schwab
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform
MT4
MT5
Interactive Brokers
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform
MT4
MT5

Tools

Tools
Research & Analysis
Social trading
Education
Demo account
Charles Schwab
Research & Analysis
Social trading
Education
Demo account
Interactive Brokers
Research & Analysis
Social trading
Education
Demo account

Mobile App

Mobile App
Android App
iOS App
Charles Schwab
Android App
iOS App
Interactive Brokers
Android App
iOS App

Deposits

Deposits
Minimum deposit
Bank Wire
Visa/Mastercard
PayPal
Cryptocurrency
Charles Schwab
Minimum deposit
$0
Bank Wire
Visa/Mastercard
PayPal
Cryptocurrency
Interactive Brokers
Minimum deposit
$0
Bank Wire
Visa/Mastercard
PayPal
Cryptocurrency

Withdrawals

Withdrawals
Bank Wire
Visa/Mastercard
Cryptocurrency
Withdrawal Time
Withdrawal Fee
Charles Schwab
Bank Wire
Visa/Mastercard
Cryptocurrency
Withdrawal Time
5 days
Withdrawal Fee
$0
Interactive Brokers
Bank Wire
Visa/Mastercard
Cryptocurrency
Withdrawal Time
3-5 days
Withdrawal Fee
$0

Security & Fairness

Security & Fairness
Сountry of Origin
Year Founded
Regulated By
Charles Schwab
Сountry of Origin
United States
Year Founded
1973
Regulated By
SIPC
Interactive Brokers
Сountry of Origin
United States
Year Founded
1978
Regulated By
NYSE, FINRA, SIPC

Customer Service

Customer Service
Phone
Email
Live Chat
 
Charles Schwab
Phone
1-877-853-1802
Email
Email form
Live Chat
Yes
Interactive Brokers
Phone
1 (877) 442-2757
Email
Email form
Live Chat
Yes

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