Charles Schwab vs Binance

Charles Schwab vs Binance Comparison Table 2023
Charles Schwab	Binance
Review 2.8 Charles Schwab is #34 in our broker rankings.	Review 3.8 Binance is #30 in our crypto broker rankings.
Traders from US accepted	Traders from US accepted
Charles Schwab is a large US investment broker offering a massive range of stocks, ETFs and equity derivatives in a variety of savings and investment accounts	Binance is one of the best-known crypto exchanges. The company is available in more than 180 countries with over 120 million registered customers. The platform offers a suite of crypto trading products, from staking and NFTs to derivatives.
Pros
	Over 350 crypto tokens are available with big names like Bitcoin and Ethereum Crypto derivatives are offered including options and futures Trade popular cryptos with high leverage up to 1:125 Binance Academy is a great resource for beginners The account opening process is straightforward There are no fees on fiat and crypto deposits 24/7 support is available via live chat
Cons
	No contact support number Some regulatory investigations The crypto exchange has been hacked
Instruments
Stocks, Futures, Options, Crypto, ETFs	Cryptos
Demo Account
Yes	No
Minimum Deposit
$1	$0
Payment Methods
ACH Transfer Automated Customer Account Transfer Service TransferWise Wire Transfer	ACH Transfer ADVcash Apple Pay AstroPay Banxa Bitcoin Payments Credit Card Etana Ethereum Payments Flutterwave Google Wallet Mastercard Paybis PayID PIX Payment Samsung Pay Simplex Vietcombank Transfer Visa Wire Transfer
Minimum Trade
1	$10
Regulator
SEC, FINRA, FCA1	FCA
Margin Trading
No	Yes
MetaTrader 4
No	No
MetaTrader 5
No	No
cTrader
No	No
AlgoTrader
No	Yes
OmniTrader
No	No
TradingView
No	No
Autochartist
No	No
eSignal
No	No
Trading Central
No	No
STP Account
No	No
ECN Account
No	No
DMA Account
No	No
MAM Account
No	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
Yes	No
Robo Advisor
Yes	No
Negative Balance Protection
No	No
Market Maker
No	No
P2P Trading
No	Yes
Spot Trading
No	Yes
Mobile Apps
iOS & Android	Yes
Auto Trading
Yes
Copy Trading
No	No
Social Trading
No	No
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
Yes	No
Custodial Account
Yes	No
Guaranteed Stop Loss
No	No
Islamic Account
No	No
Account Currencies
USD	UAH
Commodities
Soybeans
Cryptocurrency
Charles Schwab supports indirect crypto trading through digital coin trusts and crypto-related stocks.	Binance is one of the world's leading crypto exchanges. There is a vast range of products available including Binance Pool, Staking and an NFT Marketplace.
Spread
Floating	Variable fees with account tiers
Coins
GBTC BITW	DOGE VET USDT BTC BNB ETH VTHO ADA ONE SOL NEO LINK XLM NANO LTC BUSD HBAR ALGO MANA ZIL ENJ BCH MATIC EGLD HNT EOS QTUM RVN DAI IOTA ONT STORJ UNI ETC BAND OMG XTZ USDC ATOM DASH ICX BAT MKR OXT ZEC ZEN ZRX COMP WAVES KNC REP PAXG FIL WBTC THETA SHIB
Crypto Lending
No	Yes
Crypto Mining
No	No
Crypto Staking
No	Yes
Auto Market Maker
No	No

Review	Review
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