Charles Schwab vs Swissquote

Charles Schwab vs Swissquote Comparison Table 2024
Charles Schwab	Swissquote
Review 2.8	Review 4

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.	Swissquote is a Switzerland-based bank and broker that offers online trading and investing. The company has a high safety score and is listed on the Swiss stock exchange. The firm offers a huge range of products, from stocks, ETFs, bonds and futures to 400+ forex and CFD assets. Hundreds of thousands of traders have opened an account with the multi-regulated brokerage. Clients can get started in three easy steps while 24/7 customer support is available to assist new users.
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."	"We recommend Swissquote for experienced traders due to the $1000 minimum deposit and advanced trading tools. Swissquote is also a good option for investors looking for a sophisticated robo-advisory service."
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	Huge range of products including CFDs, futures and options Scalping, day trading and swing trading strategies supported Swiss-listed and regulated with a strong track record Ebanking and cryptocurrency Bitcoin exchange services Multi-currency account with 22 currencies MetaTrader 4 and MetaTrader 5 integration Autochartist and Trading Central tools Free demo account FCA-regulated APIs
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	High minimum deposit of $1000 Complex suite of services and tools Higher than average fees on some products
Instruments
Stocks, ETFs, Cryptos, Futures, Options, Commodities, Bonds	Forex, CFDs, Indices, Stocks, ETFs, Bonds, Options, Futures, Cryptos (location dependent)
Demo Account
Yes	Yes
Minimum Deposit
$0	$1000
Trading Platforms
Own	MT4 MT5 AutoChartist TradingCentral
Payment Methods
ACH Transfer Automated Customer Account Transfer Service TransferWise Wire Transfer	Credit Card Debit Card Mastercard Visa Wire Transfer
Minimum Trade
$1	0.01 Lots
Regulator
SEC, FINRA, FCA1	FCA, FINMA, DFSA, SFC
Margin Trading
No	Yes
STP Account
No	No
ECN Account
No	Yes
DMA Account
No	Yes
MAM Account
No	Yes
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	Yes
Market Maker
No	Yes
P2P Trading
No	No
Spot Trading
No	Yes
Mobile Apps
iOS & Android	iOS & Android
Auto Trading
Yes	Yes
Copy Trading
No	No
Social Trading
No	Yes
VPS Hosting
No	Yes
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 EUR GBP CAD AUD JPY TRY SEK CHF AED
Stock Exchanges
Dow Jones Nasdaq S&P 500 Toronto Stock Exchange	CAC 40 Index France DAX GER 40 Index Dow Jones FTSE UK Index Japan Exchange Group S&P 500 SIX Swiss Exchange
Commodities
Soybeans	Gasoline Gold Oil Palladium Platinum Silver
CFD Trading
CFD trading not offered	Swissquote offers spot, forward and synthetic contracts on a breadth of markets, including stocks, indices, bonds and commodities. The pricing model is transparent with no hidden fees. Clients can diversify portfolios and hedge risk with low margin requirements.
Leverage
	1:30
FTSE Spread
	0.9
GBPUSD Spread
	1.3
Oil Spread
	0.02
Stocks Spread
	N/A
Forex Trading
Forex trading not offered	Swissquote offers trading on a huge range of forex assets, covering 80+ currency pairs. Spreads start from 1.3 pips with the Premium account and there are zero commissions. Micro, mini and standard lot sizes are available plus options contracts on major currencies.
GBPUSD Spread
	1.3
EURUSD Spread
	1.3
EURGBP Spread
	1.5
Assets
	80+
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.	Swissquote offers online trading on a decent selection of 35+ cryptos 24/7. The digital asset class provides high volatility within a regulated trading environment at Swissquote. A digital wallet is also available to securely store tokens.
Spread
Floating	Variable
Coins
GBTC BITW	BTC LTC BTC ETC XLM REP ADA AAVE ALGO MKR DOT MATIC SAND APE ETH XRP LINK EOS XTZ FILE DOGE ADA AVA
Crypto Lending
No	Yes
Crypto Mining
No	No
Crypto Staking
No	Yes
Auto Market Maker
No	No

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