This contrast overview helps customers who battle to choose between Charles Schwab and IQ Option to find the very best online broker for their trading and financial investment demands. It examines the main features of both brokers side-by-side to assist customers contrast their service and make an informed choice.
To help individuals pick the best broker in between Charles Schwab and IQ Option to discover the best-suited platform, below is a listing of broker’s benefits and drawbacks, complied with by a contrast of their major trading features, consisting of trading systems & devices, charges, mobile trading, deposit & withdrawal, assets, law, and client support.
Charles Schwab vs. IQ Option: Summary
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.
IQ Option is a well established online broker great for users looking to trade forex, options and CFDs on a intuitive trading platform. Their well rounded offer consists of low spreads, a sophisticated trading platform, free demo account option, and responsive customer support in English language. They offer islamic accounts and copy trading in Arabic language which allows you to copy portfolios from seasoned investors and traders.
IQ Option is a trustworthy and reliable market maker broker and subject to the highest standards of regulation in the industry. Options trading is no longer available.
“RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK”
General Risk Warning: “The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose”
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 & reliable trade execution
Cons
- Limited beginner features
- Expensive managed accounts and financial advice
Pros
- Multi-chart platform layout with technical analysis
- Fast trade execution
- 24/7 customer support in Arabic and English
- Free demo account with $10.000 virtual money
- Leverage of up to 1:1000
Cons
- Trading fees are above industry average
- Inactivity fee $10/90days
Key features
- $0 commission stock and ETF trading
- Access to over 3,000 US stocks
- Multiple advanced order types
- In-house reports from Morningstar and Credit Suisse
- Google Assistant Integration
- Robo-advisor and financial advisors available
Key features
- Access to a wide variety of markets
- Great research and education tools
- User friendly platform
- $10 minimum deposit and $1 minimum trade requirement
- Access to 3000+ tradable symbols
Charles Schwab vs. IQ Option Comparison
Select up to 3 Brokers
Charles Schwab
IQ Option
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 2:1 | 500:1 |
| 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 (*currency conversion fee might apply) |
| Deposit Fee | 0 | |
| Inactivity Fee | 0 | |
| Cost Per Trade | 0 | 0 |
| Cost Per Month | 0 | 10 EUR |
| Forex (EUR/USD) | 0 | 4.7pip |
| Stocks & ETF | 0 | 0.48pip |
| CFD (Gold) | 0 | 4.8pip |
| Crypto | 0 | 127.14pip |
| Options | US$0.65 per options contract | 0 |
| Conversion Fees | 0 | |
| Misc. Fees | 0 | |
| Overnight Fees |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $25.000 | $10 |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | ||
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| Shares | 11.438 | Over 180 |
| ETF & Funds | 2.600 | 0 |
| Crypto | 0 | 19 |
| Commodities | 0 | 9 |
| Indices | 0 | 9 |
| Options | 8 exchanges | Over 40 |
| Futures | 8 exchanges | 0 |
| Bonds | 36.000 | 0 |
| Forex Instruments | 0 | Over 30 |
| CFD Indices & Funds | 0 | Over 20 |
| CFD Stocks | 0 | OVer 180 |
| CFD Commodities | 0 | 9 |
| CFD Crypto | 0 | 19 |
| CFD Bonds | 0 | 0 |
| Binary Options | 0 | 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
Charles Schwab vs. IQ Option Comparison Conclusion
The outcomes of our contrast of Charles Schwab vs. IQ Option are wrapped up in the table listed below.
| Broker: | Best For: |
| Charles Schwab | Stocks and ETFs |
| IQ Option | Traders at all levels, from beginner to advanced |
Selecting the appropriate option in between Charles Schwab and IQ Option can be tough. Both on-line brokers have similarities however differ pertaining to trading instruments, platforms & apps, policy, deposit & withdrawals, and study and education. Picking the most effective broker relies on users’ trading & financial investment objectives, specific preferences, and experience degree.
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.