Charles Schwab Review – Is Charles Schwab Safe? Fees & Minimum Deposit Explained

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only.

Charles Schwab is one of the most prominent names in the brokerage industry. This platform integrates tons of financial services and supports multiple investment products across both US and international markets.

If you are wondering whether this long-standing broker is the right fit for your investment needs, then this Charles Schwab review is a must-read. Within it, we explore the many markets supported by this platform, investment products available, regulatory standing, fees, and minimum deposits required.

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What is Charles Schwab?

Based in California, Charles Schwab is one of the oldest brokers in this space – not least because it has been around since the 1970s. This provider offers you a full line of financial assistance, allowing you to open checking and savings accounts, while also giving you access to trading and investment services. It supports a plethora of markets – from stocks, ETFs, mutual funds, and derivative instruments such as options and futures.

Following the emergence of the fintech industry, Charles Schwab was among one of the first few conventional firms in the US that adopted a commission-free pricing model for the online trading of stocks and ETFs. However, if you are to use broker-assisted services, this will invariably result in additional fees. You can also use the platform to invest in intelligent portfolios and benefit from the expertise of robo-advisors.

Charles Schwab review

On top of this, Charles Schwab also allows you to open trades with a buy or sell order, giving you the opportunity to profit from rising and falling markets of securities. Furthermore, it integrates a variety of trading platforms that you can access via the web version, desktop software, or a mobile app. The products offered by this broker appeal to a wide range of investing styles, from novice to advanced.

In terms of security, Charles Schwab is regulated by the SEC, CFTC, and FCA. It also has insurance schemes in place that protects your funds in case of unauthorized access. This broker also provides its users with a satisfaction guarantee – meaning, if you are not completely content with the service offered, Charles Schwab will refund your eligible fee or commission. 

Charles Schwab Pros and Cons

Our Charles Schwab review found that the broker offers the following advantages and limitations to investors and traders. 

Pros

  • Commission-free trading on US-listed stocks, ETFs, and options
  • No account minimum
  • Multiple investment products
  • Regulated by the SEC, CFTC, FCA, and registered with FINRA
  • Operational since 1971

Cons

  • No direct access to cryptocurrencies
  • High minimum deposits for passive investment tools
  • Not user-friendly
  • Non-US assets are expensive to trade

Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.

Charles Schwab Investment Products

Our Charles Schwab review team found that this broker gives you access to 30 different global exchanges. This can be highly appealing to those who want to diversify and gain exposure to international stock markets via a single platform.

Stocks

Charles Schwab allows you to trade stocks listed on not only US exchanges, but also international markets. You can go either long or short on close to 3,000 different shares via this broker. Apart from domestic companies, the platform also makes it possible for you to access American Depositary Receipts (ADRs), and foreign ordinaries.

Charles Schwab stocks

Stocks of companies listed in Europe, Canada, Hong Kong, Thailand, Taiwan, and several other regions can be traded via this broker. However, take note that you cannot make investments in all supported foreign markets. For instance, while you can trade some shares in China, Hungary, South Korea, and the Czech Republic, it is not possible to invest in all companies based in these locations.

Remember that being based in the US, Charles Schwab does not support CFD trading. As such, if you want to engage in short selling, you are essentially borrowing shares from the broker. To do that, you have to establish a margin account that holds cash, or other eligible equities are collateral. As with other forms of obtaining financing, you are charged interest on the value of the outstanding shares.

Charles Schwab Stock Slices

Charles Schwab stock slices is a feature that allows you to buy fractional shares via this broker. For those unaware, this means that you do not have to purchase one whole share of a company. Instead, you can purchase equities corresponding to the amount you want to invest. This can be particularly helpful if you want to own stocks of firms such as Amazon, which is trading at well over 3,000 USD.

Charles Schwab Slices

This way, you end up with a fraction of a share, or more than one – depending on how much you invest. You can buy stocks of up to 30 US companies this way, in a single transaction. Unlike trading, you will be a stock owner – meaning, you can hold and sell shares independently. The broker also allows you to earn dividends, in proportion to the percentage you own.

Currently, Charles Schwab slices are available only for US companies listed on the S&P 500 Index. The minimum amount required to invest is 5 USD, and the maximum is 50,000 USD per transaction. There is no limit to how many shares you can purchase this way, or how often. The equities you buy can be found in your brokerage account upon completion of the purchase.

Mutual Funds

When you invest in a mutual fund, you are essentially putting your money in a company that pools capital from many investors to buy stocks, bonds, and other securities. These are professionally managed, allowing you to gain broad exposure without having to constantly monitor the performance of the assets yourself.

One key point to note about mutual funds is that you can buy or sell them only once per day. Our Charles Schwab review discovered that this broker has put together an extensive list of mutual funds at your disposal:

  • Large-cap U.S. stock funds
  • Small- and mid-cap U.S. stock funds
  • International stock funds
  • Specialty funds catering to specific industries
  • Taxable bond funds
  • Tax-free bond funds
  • Money-market funds
  • Additional categories such as balanced funds which are a mix of stocks, bonds, and cash

You can either do the market research yourself to handpick the mutual funds that meet your needs, or choose to use the portfolio builder tool to diversify your investments based on your personal financial goals and risk appetite.

Index Funds and ETFs

An Exchange-Traded Fund (ETF) is an investment vehicle similar to that of mutual funds; however, the main difference is that ETFs can be bought and sold throughout the day on public stock exchanges.

  • Charles Schwab gives you access to over 2,000 ETFs spread across a wide range of asset classes and providers – such as commodities, currencies, stocks, and bonds.
  • This also includes 25+ of Schwab’s own instruments, allowing you to diversify into indices.

For instance, the Schwab 1000 Index tracks the largest 1,000 stocks in the US, giving you exposure to a large percentage of large-cap companies in the domestic market.

Futures and Options

For those who prefer derivatives, Charles Schwab also provides you with access to options and futures. These instruments can be complex to speculate on, especially if you are a beginner. Not only that, but you also need to be approved by the broker before you can trade these instruments on the platform.

The types of options and futures available to you also depend on your approval level. Nevertheless, our Charles Schwab review team found that the broker offers an extensive set of tools and charts for you to devise strategies. There are screeners and idea hubs that allow you to pick the right securities based on whether you are bullish, bearish, or neutral.

Charles Schwab options

You can also use the probability calculator to evaluate the potential profit and loss scenarios of an option or future before you place a trade. Unlike other US-listed assets listed on this platform, trading options and futures come with additional costs, which we will discuss later in this Charles Schwab review.

Cryptocurrencies

Although Charles Schwab does include cryptocurrencies within its list of investment products, this does not mean that you can directly invest in digital assets such as Bitcoin, Ethereum, or Cardano. Instead, you can gain exposure to this market indirectly via the following methods:

  • By investing in trusts and index funds such as Grayscale Bitcoin Trust, Osprey Bitcoin Trust, and Bitwise 10 Crypto Index Fund. These are accessible only over-the-counter.
  • By trading Bitcoin futures.
  • By investing in stocks of companies that are active in the cryptocurrency market such as Coinbase, Riot Blockchain, and Marathon Digital Holdings.

As you can see, if you are looking to trade or invest in cryptocurrencies directly, Charles Schwab is not the right broker for you. Instead, you might want to consider another platform like eToro, which allows you to invest in dozens of digital currencies from just $25 and on a spread-only basis.

Margin Lending

Our Charles Schwab review team found that this broker also offers a flexible lending solution for those who want to borrow funds to purchase additional securities or meet their short-term financial needs. You can start to borrow as little as 2,000 USD this way, by collateralizing eligible investments that you already hold in your Schwab account.

Charles Schwab margin lending

You can get up to 50% of the value of these investments – which is in line with the SEC guidelines on margin lending. As long as you maintain the minimum requirement of 30%, you can take your time to pay back the loan. However, you will have to pay interest which is based on your debit balance and the base rate charged by the broker.

Global Investing and Trading

As we covered earlier, Charles Schwabs gives you access to not only US companies but also to stocks listed in 30 other foreign markets. If you open a standard brokerage account, then you can place trades via these exchanges, albeit, markets are settled in US dollars.

On the other hand, if you choose to engage in the international marketplace, you can choose to open a global account. In doing so, you can place trades online, and in other fiat currencies. Needless to say, this comes with more flexibility, but you can only access 12 of the supported foreign markets.

Charles Schwabs global investing

Note that both these accounts are for US residents only. That is to say, global investing is not a feature for non-US users. If you are from another country, then you need to register on Schwabs International which gives you access to US equities.

Other Investment Products

As we established earlier in this Charles Schwab review, the broker supports a large variety of investment products. Apart from the ones listed above, you can also gain access to the following securities, some of which are offered via interaction with the Charles Schwab banking services.

  • Bonds
  • Fixed income
  • CDs
  • Annuities
  • Savings and investment cash solution
  • Uninvested cash solutions such as checking accounts
  • Socially responsible investment via selected ETFs

No matter which investment product you choose, Charles Schwab offers you plenty of resources to learn about the specific security, instrument, and its market movements.

Charles Schwab Investment Management

There is a reason why Charles Schwab is considered one of the best brokers in the financial space. It not only gives you access to different securities and markets, but it also provides you with tailored solutions to manage your investments.

In this section of our Charges Schwab review, we will see what investment management services are offered by this broker and how you can benefit from them.

Schwab Intelligent Portfolios

Charles Schwab Intelligent Portfolios is an automated investment advisory service that uses robo-advisors to prepare a tailored portfolio based on your needs. This tool uses an advanced algorithm to build, monitor, and rebalance your portfolio.

You can choose from a selection of 51 ETFs, three investment strategies, and six different risk profiles that vary from conservative to aggressive growth. The broker also provides you with historical average returns and asset allocations of its existing portfolios, so you are fully equipped with relevant data to make the right decision.

Charles Schwab Intelligent portfolios

All you need to do is choose your goals, initial investment amount, and how much you think you can save every month. Based on these answers, the robo-advisor suggests a portfolio and tracks its progress against your objectives. You can change the parameters in case your financial standing changes. You can also set the duration, as well as how much money you would like to withdraw every month.

You can get started with these intelligent portfolios with a minimum of 5,000 USD. There are no advisory fees and no commissions. However, you will have to pay for the operational costs when investing in ETFs. To provide you with sufficient levels of liquidity, a part of your portfolio is also placed in an FDIC-insured deposit at Schwab Bank.

Schwab Intelligent Portfolios Premium

This premium product is more or less similar to the Swach Intelligent Portfolios tool we discussed above. However, it comes with the following differences:

  • Unlimited 1:1 guidance from a certified financial planner
  • Starting amount of 25,000 USD
  • One time planning fee of 300 USD and a monthly advisory fee of 30 USD after that

As you can see, the main difference here is that you get expert advice from a consultant to plan your portfolio based on your individual conditions. This can be tremendously helpful for people who are unsure about the risk profile that matches their financial standing.

Schwab Managed Portfolios

Unlike intelligent portfolios that cater to your specific requirements, Schwab-managed portfolios are already predesigned. However, these are regularly rebalanced to align with ever-changing market conditions.

There are two options available to you within this category of passive investment tools:

  • Schwab Managed Portfolios–Mutual Funds
  • Schwab Managed Portfolios–ETFs

Both these allow you to diversify your investments in one go. However, you need to make a minimum initial deposit of 25,000 USD to get started. In addition to this, you also have to pay services fees, depending on how much you have invested. The most you will pay is 0.90% – and this is lowered as your stakes increase.

Additional Investment Solutions

Although the above-mentioned products might appeal to the majority, or Charles Schwab review found that this broker has a few more management solutions.

This will get you access to highly tailored services, such as:

  • Schwab Private Client: Comes with a dedicated team that helps you create a sophisticated strategy, tailored to your goals. Requires a minimum of 1 million USD to start, along with a 0.80% fee that decreases with higher asset levels.
  • Schwab Advisor Network: Gets you an experienced investment advisor to offer you specialized guidance. Requires 500,000 USD to get started and the fees vary by the independent advisor.
  • Wasmer Schroeder Strategies: Fixed income strategies that focus on the tax-efficiency spectrum. Requires 250,000 USD to start.
  • ThomasPartners Strategies: Focuses on delivering a reliable source of income with the potential for growth to help you through retirement. Requires 100,000 USD to start.
  • Windhaven Strategies: Diversified strategies composed of ETFs in rising markets. Requires 100,000 USD to start.

As is evident, no matter your investment needs or preferences, this broker has a solution for you. Such an extensive list of products is what sets Charles Schwab apart from the rest of the market. However, those with a small budget won’t be eligible to open a guided account, as most plans require at least six figures to get started.

Charles Schwab Trading Platforms

Our Charles Schwab review found that there are multiple ways to engage in trading via this broker. You can either choose to place trades via the web platform, desktop software, or stay on top of your positions via a mobile app.

Schwab.com

Schwab.com is the proprietory web trading platform of Charles Schwab, allowing you to execute and manage your trades from one place. It comes integrated with tons of research tools, making it possible for you to have all the information you need at your fingertips.

Schwab’s All-in-One Trade Ticket

 

Here are some of the features accessible via this tool:

  • Track markets and your positions in real-time
  • Multiple screeners to compare and research trade opportunities
  • Get the latest market analysis from Schwab and third-party experts
  • Get built-in price and volume data plus charting and margin information

Schwab.com also features the tool All-In-One Trade Ticket, which allows you to buy and sell multiple assets such as options, futures, stocks, and ETFs, from one place.

StreetSmart Edge

If you would rather use a desktop application, Charles Schwab has designed StreetSmart Edge for that purpose. This is even more advanced than the previously discussed web trader and links several tools such as screeners and watchlists. You can also customize the layout, allowing you to develop an interface that best fits your style.

Trader Platform Screenshot

StreetSmart Edge is available to download on both Windows and macOS devices. The software also allows you to access interactive Trade & Probability calculators, and a wide set of trading orders to adjust your positions based on your strategy. You can even access news and videos from a number of supported channels, as seen in the image above.

Mobile Trading

The mobile app of Charles Schwab is no less powerful than the desktop or web platforms. It packs more or less the same features, allowing you to place trades and monitor your positions at a glance. You can also obtain breaking market news, real-time analysis, and in-depth charts on the go.

As with the desktop program, you can also customize your experience to see the summary that you need or set the hierarchy of the screen. In addition to this, you can also set text alerts and push notifications so that you are always updated about your accounts and investments.

Charles Schwan mobile app

Another aspect that is unique to the Charles Schwab mobile app is that you can deposit a check directly to your Schwab bank or Schwab brokerage accounts simply by uploading a photo. You can also securely transfer funds between these two or pay bills directly via the app.

Moreover, Charles Schwab ensures secure data transfer encryption technology. You can also add more protection by setting up facial recognition, standard passcode, or fingerprint scan to access the app safely.

Charles Schwab Account Types

Charles Schwab is a well-established broker that combines not only investment and trading products but also other financial solutions. This includes financial solutions for:

  • Brokerage & Trading
  • Checking & Savings
  • Retirement
  • Robo & Dedicated Advice
  • Education & Custodial
  • Charitable Giving
  • Lending
  • Small Business Retirement

However, since this Charles Schwab review focuses on its brokerage solutions, we will take a closer look at what accounts are offered under this specific category.

Schwab One Brokerage Account

This is the standard brokerage account you can create on Charles Schwab, which allows you to:

  • Trade stocks, options, bonds, mutual funds, ETFs, and other financial products
  • Access to 30 foreign markets
  • Use Schwab.com and the Schwab mobile app for trading
  • Open individual or joint account
  • No account minimum

Brokerage Account + Specialized Platforms and Support for Trading

This account is geared more towards advanced trading and comes with support for:

  • Powerful and intuitive trading platforms
  • Support from dedicated specialists
  • Premium trading tools and indicators
  • Available as individual, joint, and IRA
  • Option to link Schwab Bank High Yield Investor checking account
  • No account minimum

You can sign up for these accounts by providing your full name, address, and social security number on Charles Schwab.

Charles Schwab Global Account

This is designed for US residents who seek to trade in 12 of the supported countries in their local currencies. Similar to a standard account, there is no order or deposit minimum required. However, you will have to pay commissions that vary depending on the markets you are trading in.

Schwan international markets

Additionally, in order to open a global account, you need to send in an application to Charles Schwab. Alternatively, you can also include this as an add-on, if you already have a brokerage account with the provider.

Organization Account

Charles Schwab also caters to organizations, offering flexibility and products required to manage investments.

These accounts come with:

  • Guidance from a Schwab financial consultant
  • Supports accounts for both incorporated and non-incorporated organizations
  • Access to a broad range of investment choices

However, to open an organization account, you need to meet a minimum deposit of 250,000 USD. 

Schwab One International Account

If you are not based in the US, then you can access the services of Charles Schwab via an international account. You can do this by sending in an application and the required supporting documents, including:

  • Photocopy of your passport
  • Copy of a utility bill
  • Information about the source of your funds

If approved, you need to make a minimum deposit of 250,000 USD to start using the services of Charles Schwab. The fees applicable for international users are the same when using this broker.

Charles Schwab Education and Research Tools

It is worth mentioning that Charles Schwab offers you some of the most comprehensive trading or research tools. In fact, the analysis instruments and intelligent screeners available on this platform are rarely found in the online investment arena.

Charles Schwab research

There are several watch lists you can set up, aside from third-party research tools and probability calculators. You can see samples of these without even having to sign up on the platform, which can be helpful in knowing exactly what you are paying for. There is also a knowledge center where investors and traders across all levels can find useful information on how to achieve their goals.

Charles Schwab Payments

There are different ways for you to fund your Charles Schwab account:

  • By making a wire transfer
  • By using an electronic funds transfer (EFT) with Schwab MoneyLink
  • By setting up auto-deposit from your checking account
  • By depositing checks by mail, via the mobile app, or in person at your local Schwab branch

Unfortunately, there is no option to fund your account using a debit or credit card, or support for e-wallets such as PayPal. Foreign checks are accepted, but these have to be mailed to Schwab and cannot be deposited via online payments.

Charles Schwab One and global accounts do not have any minimum balance requirements. However, depending on your payment method, there might be some transfer limits involved. For instance, you need to deposit at least 1 USD when making an electronic transfer from Schwab bank, and the maximum you can send is 100,000 USD.

Charles Schwab Fees

Charles Schwab does not charge you any fees to open or maintain your account. However, if you are to use the brokerage or investment services, other charges might apply, as follows.

Charles Schwab Commissions

Charles Schwab does not charge you any commissions for online trading of US-listed stocks, ETFs, and Schwab Mutual Fund OneSource. However, if you are placing broker-assisted trades, then it comes with a 25 USD service charge.

Charles Schwab commissions

Commissions for options and futures contracts are calculated as follows:

  • Options: 0.65 USD per contract via online trades + 25 USD service charge for broker-assisted trades
  • Futures: 2.25 USD per contract + 25 USD service charge
  • Mutual Funds: Up to 74.95 USD per purchase + 25 USD service charge
  • Bonds: 1 USD per bond transaction fee for most secondary market bonds traded online (10 USD minimum and 250 USD maximum)

Our Charles Schwab review found that these rates are standard for international accounts too.

Charles Schwab Global Investing Fees

If you are in the US and looking to gain access to international markets, then the commissions are calculated differently, and in the respective local currency.

  • Australia: Online trades – 32 AUD, broker-assisted trades – 70 AUD
  • Belgium, Finland, France, Germany, Italy, Netherlands: Online trades -19 EUR, broker-assisted trades – 50 EUR
  • Canada: Online trades – 0 CAD, and broker-assisted trades – 56 CAD
  • Hong Kong: Online trades – 250 HKD, broker-assisted trades – 600 HKD
  • Japan: Online trades – 2,000 JPY, broker-assisted trades – 6,000 JPY
  • Norway: Online trades – 160 KR, broker-assisted trades – 400 KR
In addition to this, you also have to pay the currency conversion fee and the standard cost of options/futures contracts.

Charles Schwab Margin Rates

As we mentioned earlier in this Charles Schwab review, the broker facilitates margin lending and charges you an interest rate based on the loan amount:

  • Up to 24,999.99 USD – 8.325%
  • From 25,000 USD  to 49,999.99 USD – 7.825%
  • From 50,000 USD to 99,999.99 USD – 6.875%
  • From 100,000 USD to 249,999.99 USD – 6.825%
  • From 250,000 USD to 499,999.99 USD  – 6.575%

These margin rates can fluctuate during the period of your loan. The interest is calculated daily and posted on a monthly basis. 

Is Charles Schwab Safe?

Being one of the largest brokers in the US, Charles Schwab has left no stone unturned in ensuring that the platform offers you the utmost safety and security with your investments.

The provider is regulated by the most well-respected, market-leading financial authorities in the US

  • Charles Schwab Investment Management.Inc is registered as an investment advisor with the SEC in the US.
  • It is also regulated by the Commodities Futures Trading Commission (CFTC) for facilitating futures and commodities trading as a broker.
  • Charles Schwab, U.K. is also authorized and regulated by the Financial Conduct Authority.
  • Charles Schwab is also a member of the Securities Investor Protection Corporation (SIPC) and gives you the protection of up to 500,000 USD if the firm fails.
  • In addition to this, Charles Schwab & Co. offers its customers an “excess SIPC” insurance protection, that extends to a claim amount of 600 million USD, to serve as insurance if SIPC funds are exhausted.
  • Another aspect worth paying attention to is the security guarantee offered by this broker. According to the Charles Schwab website, the provider will cover 100% of any losses that you encounter due to unauthorized activity. 
  • Furthermore, Charles Schwab is also registered with FINRA.
  • That being said, it is also paramount to be aware that brokerage products offered on Charles Schwab are not covered by FDIC insurance.

All this points to the fact that Charles Schwab is a completely legitimate broker that takes the safety of customers’ funds seriously. There have been no reports of any data breaches disclosed on the website, and the platform is also secured as per industry standards.

Charles Schwab Customer Support

One unique selling point of Charles Schwab is that it has branches across the country, where you can drop in and get customer service in person. This service is offered by only a handful of other brokers, such as TD Ameritrade, which is currently a part of the Charles Schwab Corporation. If it is crucial for you to be able to talk to an expert in person, then Schwab is well worth considering.

Charles Schwab customer support

For those who prefer receiving customer support online, you have the option to chat with a broker via the website. There are also several phone numbers listed that you can use to call a representative. In addition to this, you can also find an FAQ section categorized based on the relevant topic, which offers clarifications on many common queries.

eToro vs Charles Schwab – Comparison

Charles Schwab is a full-service brokerage that offers you an extensive set of products at competitive rates. However, the platform still has the reputation of being a conventional financial institution.

To help put things into perspective, in this section, we compare Charles Schwab against the popular broker eToro – a  fully-online social trading platform that serves over 20 million global clients.

Safety and Regulation

As we have already established, Charles Schwab is regulated in the US and the UK, by reputable financial authorities. In other words, the platform offers you a safe environment to engage in investment and trading.

But eToro is not behind Charles Schwab by any means when it comes to the security offered. In fact, this broker is governed by not only the SEC in the US, but also holds licenses from the FCA in the UK, ASIC in Australia, and CySEC in Cyprus.

User-Friendliness

Make no mistake about it, eToro is one of the best brokers out there for beginners. The platform is extremely user-friendly, allowing you to buy and sell assets easily. However, it still offers several indicators and chart reading tools for advanced trading. Although Charles Schwab has a highly sophisticated interface, it can be overwhelming for novice traders and investors.

Supported Markets

Charles Schwab is known for offering a wide variety of investment products. However, it lacks support for one of the most popular asset classes these days – cryptocurrencies. Although there are indirect ways to gain exposure to this market, there is no way to directly invest in digital assets.

etoro review uk

However, on eToro, you can buy, sell and trade multiple cryptocurrencies. Additionally, the broker also gives you access to stocks across international exchanges, including the NYSE, Toronto Stock Exchange, LSE, Euronext Paris, and more. There is also support for commodities, indices, forex, ETFs, and more.

Payment and Fees

Charles Schwab allows you to fund your account using wire transfers or checks. On the other hand, eToro is much more flexible in this regard. The broker allows you to make payments via credit/debit card payments and e-wallets such as PayPal and Neteller. This feature can be crucial for many users, who do not often use checks or time-consuming online transfers.

In terms of fees, eToro also charges you zero commissions for stocks and ETFs, like Charles Schwab. However, unlike Charles Schwab, eToro extends its 0% commission offering to all of its international markets – covering stocks based in Europe, Asia, and more. In the case of Charles Schwab, access to international markets comes at a premium.

Passive Investment Tools

As with Charles Schwab, eToro offers you different passive investment tools. However, the main difference is that you do not have to make a large initial deposit to take advantage of this. For instance, in the Copy Trading feature, you can start by investing just 200 USD. With this tool, you can choose an experienced trader to follow, and trades they carry out will be replicated in your account, in proportion to your stake.

etoro copy trading

You also have another version of managed portfolios on eToro – called CopyPortfolios. These are similar to ETFs, insofar that they carry a diverse selection of strategies and target markets, rebalanced by professionals based on broader economic conditions.

Charles Schwab Review – Conclusion

When it comes down to choosing a broker, there is no one-size-fits-all solution. There is no denying that Charles Schwab is one of the most reputed platforms in this space. It offers a wide array of products, which cater to various needs and different trading styles.

There are also tons of intelligent tools and passive strategies available, that can take your investment goals to the next level. All that being said, we found that eToro is by far the better option.

This platform is heavily regulated and offers you access to both US and international markets on a 0% commission basis. Furthermore, eToro supports fractional investments of just $50 on all of its supported stocks – and the platform itself is super user-friendly.

eToro – Best Broker in the Online Investment Arena

1
$50
Our score10
  • Invest in a wide range of cryptocurrencies
  • Ability to copy more experienced investors and their decisions
  • eToro crypto wallet included which makes it beginner-friendly
0% Commissionstart TradingOur score 10

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About Kane Pepi PRO INVESTOR

Kane Pepi writes for several high profile publications such as InsideBitcoins, the Motely Fool, and Learnbonds. Based in Malta, Kane is extremely skilled at complex subjects related to financial matters - including a Bachelor’s Degree in Finance, a Master’s Degree in Financial Crime, and actively engaged in Doctorate Degree research, for the money laundering threats of the blockchain economy.