This side-by-side comparison helps users who need help choosing between AvaTrade and Charles Schwab to select the ideal online broker for their trading and investment needs. It evaluates the fundamental features of the two brokers side by side to help users compare their service and make an informed decision.
To help users pick the right broker between AvaTrade and Charles Schwab to find the best-suited platform, below is a list of broker’s pros and cons, followed by a comparison of their main trading features, including trading platforms & tools, fees, mobile trading, deposit & withdrawal, assets, regulation, and customer support.
AvaTrade vs. Charles Schwab: Summary
AVATrade is a well trusted global online broker for forex and CFD trading. Their multi-asset trading platform and mobile trading app enable traders to access 1365+ tradable symbols overall, including 1200+ CFD’s, major currency pairs with low forex spreads and premium options.
Beside their proprietary platform AVAtradeGo and MetaTrader, AVAtrade has great selection of copy trading solutions including ZuluTrade, DupliTrade and AVAsocial.
Account opening is fast, deposits and withdrawals are free of charge. The minimum deposit is $100.
Choose AVAtrade if you are a beginner or semi advanced forex trader, looking to trade major forex currency pairs, options or CFDs as stocks, cryptos, indices or commodities with premium services.
Charles Schwab is a US based brokerage company founded in 1971. It is regulated by two tier-one financial regulators (the FINRA and SEC) and is considered safe.Users can trade on multiple assets including stocks, ETFs, funds, options, futures and cryptos.
Charles Schwab has a proprietary web and desktop trading platform. Both have a clean design and offer various customisation options and intuitive fee reports.
Charles Schwab’s trading fees are average compared to other similar brokers. They charge 0$ commission on stocks, ETFs and certain mutual funds and bonds. Their non-trading fees are low.
Charles Schwab’s customer support is available by phone, email and live chat 24/7.
Pros
- Low minimum deposit ($100)
- Fixed forex spreads from 0.9 pips
- Wide range of platforms and third party integrations (MT4, MT5, TradingView)
- Support for various trading styles (algorithmic, automated, copy trading)
Cons
- Comparing others relatively few trading instruments are offered; offers Forex, CFDs and Binary Options
Key features
- Access to 1250 CFDs and 44 forex options
- Excellent copy trading features
- Advanced mobile trading app (AvaOptions)
- Industry average pricing
- Perfect for casual and advanced traders
- Access to the full meta trader suite
Pros
- Low minimum deposit ($0)
- $0 commission stock, ETF and mutual funds
- Excellent research tools and education materials
- Responsive customer support with 24/7 access
- Fast and reliable trade execution
Cons
- Limited beginner features
- Expensive managed accounts and financial advice
Key features
- Access to over 3,000 US stocks
- $0 commission stock and ETF trading
- Multiple advanced order types
- In-house reports from Morningstar and Credit Suisse
- Google Assistant Integration
- Robo-advisor and financial advisors available
AvaTrade vs. Charles Schwab Comparison
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AVAtrade
Charles Schwab
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 1:400 | 2:1 |
| MetaTrader 4 (MT4) | ||
| MetaTrader 5 (MT5) | ||
| Mobile Version | ||
| Mutual Fund Management | ||
| Proprietary Platform | ||
| Social/Copy Trading | ||
| Trading Alerts | ||
| Trading signals | ||
| Watchlist | ||
| Web Version |
Fees
| Withdrawal Fee | 0 | 0 |
| Deposit Fee | 0 | 0 |
| Inactivity Fee | $50 after every 3 months and $100 after every 12 months | 0 |
| Cost Per Trade | 0 | 0 |
| Cost Per Month | 0 | 0 |
| Forex (EUR/USD) | 0.9 | 0 |
| Stocks & ETF | 0 | 0 |
| CFD (Gold) | 3.4 | 0 |
| Crypto | 0.35% | 0 |
| Options | 0 | US$0.65 per options contract |
| Conversion Fees | 0 | |
| Misc. Fees | 0 | |
| Overnight Fees |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $100 | $25.000 |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | ||
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| Shares | 0 | 11.438 |
| ETF & Funds | 0 | 2.600 |
| Crypto | 0 | 0 |
| Commodities | 0 | 0 |
| Indices | 0 | 0 |
| Options | 0 | 8 exchanges |
| Futures | 0 | 8 exchanges |
| Bonds | 0 | 36.000 |
| Forex Instruments | 55 | 0 |
| CFD Indices & Funds | 91 | 0 |
| CFD Stocks | 612 | 0 |
| CFD Commodities | 18 | 0 |
| CFD Crypto | 20 | 0 |
| CFD Bonds | 2 | 0 |
| Binary Options | 44 | 0 |
| SWAPS | 0 | 0 |
| Saving Plans | 0 | 0 |
Research & Education
| Webinars | ||
| Educational Resources | ||
| Daily News Updates | ||
| Market Indepth Analysis | ||
| Pers. Training & Room | ||
| Market Research |
Customer Support
| Phone | ||
| Live Chat | ||
| 24/7 support | ||
| Multilingual | ||
| Personal Account Manager |
Winner
AvaTrade vs. Charles Schwab Comparison Conclusion
The results of our comparison of AvaTrade vs. Charles Schwab are summarized in the table below.
| Broker: | Best For: |
| AvaTrade | Forex, CFDs and Options |
| Charles Schwab | Stock and ETFs |
Choosing between AvaTrade and Charles Schwab can be a tough decision. Both online brokers have similarities but differ regarding trading instruments, platforms & apps, regulation, deposit & withdrawals, and research and education. Picking the best broker depends on users’ trading & investment goals, personal preferences, and experience level.
To make a better-informed decision, users can read our detailed broker reviews, comparison or use our broker selector to help them find the ideal broker.