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Charles Schwab vs Tiger.Trade

Charles Schwab vs Tiger.Trade Comparison Table 2024
Charles Schwab Tiger.Trade
Review
2.8
Review
3

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.

Tiger.Trade is a Swiss DeFi broker with nearly 200,000 clients and a competitive range of features, trading conditions and tools. The FINMA-regulated firm provides 24/7 customer support and access to several proprietary platforms.

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." "Tiger.Trade is best for less experienced investors that want to speculate on cryptos with a modern, easy-to-use platform that supports copy trading."
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
  • A decent variety of linked brokers and exchanges allows trading on a range of assets
  • Access to a good range of markets for paying customers
  • History Player service works like a demo account
  • Risk management alerts and stop loss feature
  • Innovative, user-friendly copy trading app
  • New versions & downloads expected
  • Free cryptocurrency software
  • Low minimum deposit
  • Swiss-regulated
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
  • The monthly fee can be off-putting when many competitors don’t charge a subscription fee
  • The Demo History Player account charges a monthly fee, unlike many other demo accounts
  • The iOS app offers limited chart settings and indicators
  • Customer support procedures not completely clear
  • Withdrawal fees on the copy trader app
  • No MetaTrader 4 integration
Instruments
Stocks, ETFs, Cryptos, Futures, Options, Commodities, Bonds Stocks, Forex, Cryptos, Futures, Options
Demo Account
Yes Yes
Minimum Deposit
$0 $100
Trading Platforms
  • Own
  • TradingView
Payment Methods
Minimum Trade
$1 0.01 Lots
Regulator
SEC, FINRA, FCA1 FINMA
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 No
Negative Balance Protection
No No
Market Maker
No No
P2P Trading
No No
Spot Trading
No No
Mobile Apps
iOS & Android iOS & Android
Auto Trading
Yes Yes (copy trading)
Copy Trading
No Yes
Copy Trading Platform
The Tiger.Trade copy trading app offers detailed performance metrics on Top Traders. Users can get started with $100.
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
  • USD
Stock Exchanges
Commodities
Forex Trading
Forex trading not offered Tiger.Trade clients can use the company's Windows and MacOS copy trading platforms to speculate on a range of currency pairs. On the downside, the 10% commission rate is higher than some alternatives.
GBPUSD Spread
Variable
EURUSD Spread
Variable
EURGBP Spread
Variable
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. Tiger.Trade is primarily a crypto broker, linking with Binance and six other exchanges to offer a wide array of cryptocurrency tokens at market prices with a software charge of $400pa (or $1,500 for lifetime access).
Spread
Floating Variable
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 No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Review
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