Comparison Charles Schwab vs IQ Option

A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare Charles Schwab vs IQ Option. Which of them: Charles Schwab or IQ Option 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 IQ Option has a commission fee of from 0.16%. Let’s analyze the commission fees on trading options. Charles Schwab has a commission fee of $4.95 + $0.65 per contract, IQ Option has a commission fee of from 0.035%. The full online broker reviews contains more detailed information on the brokers’ commission fees.

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 IQ Option provides customers with Stocks Trading, Options Trading, ETFs Trading, Forex Trading, Crypto Trading. Concerning the platforms, Charles Schwab uses Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, Android App, iOS App, while IQ Option uses 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 IQ Option was established in 2013 in Seychelles, and it is regulated by Not Regulated. We can withdraw funds from Charles Schwab with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is $0. And IQ Option provides the ability to withdraw funds with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is free. The withdrawal time for Charles Schwab is 5 days, and that one for IQ Option is within 1 business day.

Overall, Charles Schwab boasts 4.1 stars versus IQ Option 3.9 stars.