Charles Schwab vs Fidelity

Charles Schwab vs Fidelity Comparison Table 2024
Charles Schwab	Fidelity
Review 2.8	Review 3.5

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.	Fidelity is a popular financial services firm that provides investment accounts and pensions with access to thousands of stocks, ETFs and mutual funds to clients based in the US, Europe and Asia. Fees vary by asset and account country, but are generally competitive, with zero-commission trading available on US stocks.
Bonus Offer
	None
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."	"Fidelity is a great match for long-term investors who want an affordable platform to build their pension or investment portfolios. The SEC and FCA oversight are also good signs that the brokerage is regulated and trustworthy."
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	Excellent list of stocks and funds to choose from Very competitive pricing compared to largest rivals Good list of account types to suit various types of investor Uninvested cash is automatically put into a money market fund Trusted global brand with strong regulation from SEC & FCA Tax-efficient vehicles are available including ISAs
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	No forex or CFD trading There is no demo account Less suitable for short-term day trading Presentation of data is overly complicated No trading platform for non-US clients The $1000 minimum deposit for international clients is high
Awards
	Boring Money Best Buy 2021 – Pension Boring Money Best for Beginners Pension 2021 Boring Money Best for Beginners ISA 2021 Boring Money Best for Low - Cost Pension 2021 Online Personal Wealth Awards - Best Retirement Adviser 2021 Shares Awards 2020 - Best Execution-Only Stockbroker of the Year
Instruments
Stocks, ETFs, Cryptos, Futures, Options, Commodities, Bonds	ETFs, Mutual Funds, ISAs, Pensions, Stocks, Indices
Demo Account
Yes	No
Minimum Deposit
$0	$0
Trading Platforms
Own	Own
Payment Methods
ACH Transfer Automated Customer Account Transfer Service TransferWise Wire Transfer	Automated Customer Account Transfer Service Credit Card Mastercard Visa Wire Transfer
Minimum Trade
$1	£25
Regulator
SEC, FINRA, FCA1	FCA, SEC
Margin Trading
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	Yes
Negative Balance Protection
No	No
Market Maker
No	No
P2P Trading
No	No
Spot Trading
No	No
Mobile Apps
iOS & Android	Fil Mobile App
Auto Trading
Yes
Copy Trading
No	No
Social Trading
No	No
Trade Signals
	None
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
Yes	No
Custodial Account
Yes	Yes
Guaranteed Stop Loss
No	No
Islamic Account
No	No
Account Currencies
USD	USD GBP
Stock Exchanges
Dow Jones Nasdaq S&P 500 Toronto Stock Exchange	London Stock Exchange Nasdaq
Commodities
Soybeans
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

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