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Charles Schwab vs Emirates NBD Securities

Charles Schwab vs Emirates NBD Securities Comparison Table 2023
Charles Schwab Review 2023 Emirates NBD Securities Review 2023
Review
2.8

Charles Schwab is #36 in our broker rankings.

Review
2.9

Emirates NBD Securities is #36 in our broker rankings.

United States Flag Traders from US accepted
United States Flag 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. The trustworthy brand has been offering financial services for 45+ years with over 35 million brokerage accounts and $870+ billion in assets under management. Charles Schwab is also regulated by top-tier watchdogs including the SEC and FCA.

Emirates NBD is a Dubai-based broker, established in 1963. The brand services 20+ million customers in over 13 countries and is recongized as a leading financial services provider in the UAE with AED 800+ billion in assets. Retail investors can speculate on four major markets including the Abu Dubai Securities Exchange (ADX).

Comment by Reviewer
"Charles Schwab will serve long-term investors looking for managed accounts, financial advice and self-directed trading opportunities. Fees are competitive, with zero-commission stock and ETF trading and no account minimums for individual brokerage accounts." "Traders who want a reliable MENA brokerage with a choice of trading platforms and backing from an established bank should check out Emirates NBD."
Pros
  • Strong investment offerings covering stocks, mutual funds, options, bonds and cryptocurrency
  • Powerful trading software with real-time quotes, fundamental research and investment screeners
  • Responsive customer support team available 24/7 via live chat or telephone
  • Competitive trading fees with no commissions on stocks and ETFs
  • Fractional shares on the S&P 500 with a $5 minimum investment
  • Thematic investing categories and ESG compliant portfolios
  • Strong regulatory oversight from the US SEC and UK FCA
  • No account minimums for individual brokerage accounts
  • High-quality educational resources for new investors
  • The company is licensed by the Central Bank of the UAE and the Securities and Commodities Authority (SCA)
  • A convenient daily trading programme can be used to automate mutual fund investments with a minimum trade value of AED 8
  • Transparent pricing model with commission fees by exchange outlined plus a useful commission calculator
  • THARAA' loyalty program with tiered membership status and rewards for every completed transaction
  • A good choice of trading platforms with mobile app compatibility, plus telephone order execution
  • Customer support is available 24/7 via phone, email or online chat bot
  • Leveraged trading options available
Cons
  • Only US markets available (except 12 foreign markets on the Global Account)
  • High minimum investment of $5000 to use robo-advisors
  • Limited funding methods with no e-wallets
  • No email support
  • Trading focused on the MENA region with limited global exposure
  • An Emirates NBD banking account is needed to deposit and withdraw
  • A AED 3000 minimum must be maintained across bank accounts
  • Slim investment offering with no forex trading
  • Mobile app navigation trails the best brokers
  • There is no demo account for new clients
  • There is limited education for beginners
  • Slow sign up process
Awards
  • Nasdaq Dubai's Retail Broker of the Month Award for April 202
  • Nasdaq Dubai's Retail Broker of the Month Award for February 2022
  • Nasdaq Dubai's Retail Broker of the Month Award for December 2021
  • 5-Stars DFM Brokers Excellence Rating certification for the year 2020
  • Nasdaq Dubai's Retail Broker of the Month Award for June 2020
  • Nasdaq Dubai's Retail Broker of the Month Award for April 2019
  • Nasdaq Dubai's Retail Broker of the Month Award for February 2018
Instruments
Stocks, Futures, Options, Crypto, ETFs Stocks
Demo Account
Yes No
Minimum Deposit
$1 $0
Trading Platforms
  • Own
  • Own
Payment Methods
Minimum Trade
$1 $0
Regulator
SEC, FINRA, FCA1 SCA
Margin Trading
No Yes
STP Account
No No
ECN Account
No No
DMA Account
No Yes
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 No
Spot Trading
No Yes
Mobile Apps
iOS & Android iOS & Android
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 Yes
Account Currencies
  • USD
  • USD
  • AED
  • SAR
Stock Exchanges
Commodities
Cryptocurrency
Charles Schwab supports indirect crypto trading through digital coin trusts and crypto-related stocks. You can get exposure to popular digital currencies such as Bitcoin, Ripple and Ethereum. Crypto trading not offered
Spread
Floating
Coins
  • GBTC
  • BITW
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Review
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