InvestorGreg.net is compensated in exchange for featured placement of sponsored products and services, or your clicking on links posted on this website. That's how we make money. This compensation may impact how, where and in what order products appear. InvestorGreg.net does not include all companies or all available products. We will never allow advertisers to influence our opinion of financial products that appear on this site.
Comparison Charles Schwab vs Plus500
The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares Charles Schwab vs Plus500. Is Charles Schwab or Plus500 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 Plus500 has a commission fee of from 0.45%. When analyzing trading options, the commission fees of Charles Schwab is $4.95 + $0.65 per contract, and that one of Plus500 is from 2 pips. 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, Options Trading, ETFs Trading, Forex Trading, Futures Trading, Crypto Trading are provided by Plus500. As for platforms, Charles Schwab offers Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, Android App, iOS App, while Plus500 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 founded in 1973 in United States, and it is regulated by SIPC. And Plus500 was founded in 2008 in Israel, and it is regulated by FCA, CySEC, FSCA, FMA, MAS, ISA, ASIC. We can withdraw funds from Charles Schwab with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is $0. And Plus500 provides the ability to withdraw funds with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is £0. The withdrawal time for Charles Schwab is 5 days, and that one for Plus500 is 1-2 working days.
As a result, the rating of Charles Schwab is 4.1 stars versus that of Plus500 of 4 stars.