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Comparison Charles Schwab vs IronFX
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare Charles Schwab vs IronFX. Which of them: Charles Schwab or IronFX a better online broker?
Firstly, let’s compare commission fees provided by these brokers for regular transactions. Charles Schwab has a commission fee of $4.95, and IronFX has a commission fee of spreads from 0.3 pips, commissions of 0.10%. You can read more detailed information on commission fees in the online broker reviews.
It is important for investors to know what types of online trading broker supports and what tools they can use for trading. Let’s compare them. Stocks Trading, Penny Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Robo Advisor are provided to customers by Charles Schwab and Stocks Trading, Forex Trading, Futures Trading, Crypto Trading are provided by IronFX. As for platforms, Charles Schwab offers Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, Android App, iOS App, while IronFX offers Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, MT4, 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 IronFX was established in 2010 in Cyprus, and it is regulated by FCA, ASIC, CySEC, FSB. Withdrawal of funds from Charles Schwab can be done using Bank Wire, Visa/Mastercard with a withdrawal fee of $0. And IronFX provides the ability to withdraw funds using Bank Wire, Visa/Mastercard with a withdrawal fee of free. The withdrawal time for Charles Schwab is 5 days, and that one for IronFX is 1 - 5 business days.
As a result, the rating of Charles Schwab is 4.1 stars versus that of IronFX of 4.8 stars.