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Comparison Charles Schwab vs Olymp Trade

A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare Charles Schwab vs Olymp Trade. Which of them: Charles Schwab or Olymp Trade a better online broker?

First of all, we’ll compare the commission fees of the two brokers. Let’s analyze the commission fees on trading options. Charles Schwab has a commission fee of $4.95 + $0.65 per contract, Olymp Trade has a commission fee of none. The full online broker reviews contains more detailed information on the brokers’ commission fees.

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 Options Trading are provided by Olymp Trade. As for platforms, Charles Schwab offers Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, Android App, iOS App, while Olymp Trade offers Web Platform, Android App, iOS App.

Finally, by comparing the two online brokers, we want to pay attention to the year and country of establishing, the regulatory authorities and the possibility of withdrawing funds. Charles Schwab was established in 1973 in United States, and it is regulated by SIPC. And Olymp Trade was established in 2014 in St. Vincent and the Grenadines, and it is regulated by Not Regulated. Withdrawal of funds from Charles Schwab can be done using Bank Wire, Visa/Mastercard with a withdrawal fee of $0. And Olymp Trade 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 Olymp Trade is 1 - 5 business days.

Overall, Charles Schwab boasts 4.1 stars versus Olymp Trade 4 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
Olymp Trade
Overall
Products & Fees
Security
Tools
Desktop Experience
Mobile Experience
Banking
Customer Support
Education

Fees

Fees
Stock
ETFs
Options
Mutual Funds
Bonds
Forex Spreads
CFDs
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
Olymp Trade
Stock
N/A
ETFs
N/A
Options
N/A
Mutual Funds
N/A
Bonds
N/A
Forex Spreads
Starts at 0 pips
CFDs
0 pips for ECN

Types of trading

Types of trading
Stocks Trading
Penny Stocks Trading
Options Trading
ETFs Trading
Mutual Funds Trading
Bonds Trading
Robo Advisor
Charles Schwab
Stocks Trading
Penny Stocks Trading
Options Trading
ETFs Trading
Mutual Funds Trading
Bonds Trading
Robo Advisor
Olymp Trade
Stocks Trading
Penny Stocks Trading
Options Trading
ETFs Trading
Mutual Funds Trading
Bonds Trading
Robo Advisor

Platforms

Platforms
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform
Charles Schwab
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform
Olymp Trade
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform

Tools

Tools
Research & Analysis
Education
Demo account
Charles Schwab
Research & Analysis
Education
Demo account
Olymp Trade
Research & Analysis
Education
Demo account

Mobile App

Mobile App
Android App
iOS App
Charles Schwab
Android App
iOS App
Olymp Trade
Android App
iOS App

Deposits

Deposits
Minimum deposit
Bank Wire
Visa/Mastercard
Charles Schwab
Minimum deposit
$0
Bank Wire
Visa/Mastercard
Olymp Trade
Minimum deposit
$10
Bank Wire
Visa/Mastercard

Withdrawals

Withdrawals
Bank Wire
Visa/Mastercard
Withdrawal Time
Withdrawal Fee
Charles Schwab
Bank Wire
Visa/Mastercard
Withdrawal Time
5 days
Withdrawal Fee
$0
Olymp Trade
Bank Wire
Visa/Mastercard
Withdrawal Time
1 - 5 business days
Withdrawal Fee
Free

Security & Fairness

Security & Fairness
Сountry of Origin
Year Founded
Regulated By
Charles Schwab
Сountry of Origin
United States
Year Founded
1973
Regulated By
SIPC
Olymp Trade
Сountry of Origin
St. Vincent and the Grenadines
Year Founded
2014
Regulated By
Not Regulated

Customer Service

Customer Service
Phone
Email
Live Chat
 
Charles Schwab
Phone
1-877-853-1802
Email
Email form
Live Chat
Yes
Olymp Trade
Phone
+27 (21) 1003880
Email
support-en@olymptrade.com
Live Chat
No

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