Charles Schwab Alternative Brokers Compared
We found when trading having a broker you can rely on is essential. If Charles Schwab does not match your requirements we explain the top Charles Schwab alternatives and Charles Schwab competitors in this guide.
The best alternative for Charles Schwab is IC Markets or Roboforex.
When searching for a Charles Schwab alternative, there are a few things you need to check. The Charles Schwab trading platform alternative you decide upon needs features and trading fees that match your investment strategies and trading requirements.
We offer a detailed list and examination of the top Charles Schwab alternatives and competitors feature by feature further below this Charles Schwab alternatives guide.
If you are looking for a trading platform that offers similar features to Charles Schwab or Charles Schwab. Or if you are looking for features that Charles Schwab does not offer that you require when trading, we will show you the best Charles Schwab alternative options below.
We highlight the pros and cons of each Charles Schwab alternative. Maybe you are looking for better customer service from a Charles Schwab alternative or more competitive Charles Schwab fees and more financial instruments to trade.
We have listed some reasons why Charles Schwab may not be the best broker for you. But don't worry. We have compiled a list of the best alternatives below.
- Charles Schwab does not allow hedging (See brokers for Hedging here)
- Charles Schwab does not offer negative balance protection (See Charles Schwab alternatives who offer negative balance protection here)
- Charles Schwab does not offer Guaranteed Stop Loss (See Charles Schwab alternatives who offer Guaranteed Stop Loss here)
- Charles Schwab does not allow Scalping (See brokers for scalping here)
- STP accounts are not offered by Charles Schwab (Look here for Charles Schwab alternatives offering STP accounts)
- Charles Schwab does not offer MT4 (See Charles Schwab alternatives offering the MT4 trading platform here)
- MT5 is not offered by Charles Schwab (find Charles Schwab alternatives that offer the MT5 trading platform here)
- cTrader is not offered by Charles Schwab (find Charles Schwab alternatives offering the cTrader trading platform here)
- Charles Schwab does not offer Micro accounts (Check here for Charles Schwab alternatives offering micro accounts)
- Charles Schwab does not offer VIP accounts (Check here for Charles Schwab alternatives offering VIP accounts)
- Charles Schwab does not offer Islamic accounts (Check here for Charles Schwab alternatives offering Islamic accounts)
- Charles Schwab have inactivity fees (See Charles Schwab alternatives who don’t have inactivity fees here)
- Charles Schwab have withdrawal fees (See Charles Schwab alternatives who don’t have withdrawal fees here)
Top Charles Schwab Alternative is IC Markets
| Broker |  |
 |
 |
|---|---|---|---|
| Rating | ★★★☆☆ 3/5 | ★★★★☆ 4/5 | ★★★★☆ 4/5 |
| 💻 Trading Platforms | thinkorswim desktop, thinkorswim mobile, thinkorswim web, The Schwab Mobile app, Android (Google Play), iOS (App Store) | MT5, MT4, MetaTrader WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), MetaTrader iPhone/iPad, MetaTrader Android Google Play, MetaTrader Mac, cTrader, cTrader Web, cTrader iPhone/iPad, cTrader iMac, cTrader Android Google Play, cTrader Automate, cTrader Copy Trading, TradingView, Virtual Private Server, Trading Servers, MT4 Advanced Trading Tools, IC Insights, Trading Central | MT4, MT5, R Mobile Trader, R StocksTrader, WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), Windows |
| 📋 Instruments Available | 80,000 | 2250 | 12000 |
| 📈 Stocks Offered | 2100 | 0 | |
| 💎 Crypto | No | Yes | No |
| 💹 Forex Pairs | 61 | 35 | |
| 📈 Commodities | 0 | 20 | 21 |
| 💰 Min Deposit | 0 | 200 | 10 |
| 👱♂️ Used By | 1,800,000+ users | 200,000+ users | 730,000+ users |
| 📆 Founded | 2010 | 2007 | 2009 |
| 👮♂️ Regulation | FINRA (Financial Industry Regulatory Authority) (CRD 5393), SEC (U.S. Securities and Exchange Commission), SIPC (Securities Investor Protection Corporation) | Seychelles Financial Services Authority (FSA) (SD018) | RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund |
| 🌍 HQ | United States | Australia | Belize |
| 🚫 Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | |
| Risk Warning | Your capital is at risk | Losses can exceed deposits | Losses can exceed deposits |
If you want to see a more indepth feature by feature Charles Schwab alternative comparison, you can scroll further down here.
