Single slices start at $5, and investors can purchase up to ten slices at a time. For instance, if a stock costs $100 a share and you buy a $10 slice, you will own 10% of the stock.
So, instead of paying the entire share price, investors are able to buy a tiny portion of a stock. Schwab provides fractional shares, which allow investors with little capital to trade higher-priced stocks. Interactive Brokers is a great alternative, as they offer forex and a wide variety of investment opportunities as the best in the industry. However, the broker doesn’t offer forex trading. BrokerĬharles Schwab offers a good selection of assets on its platform, including most of the asset types that investors look for like index funds, ETFs, bonds, options and futures. The following is a comparison held between Charles Schwab and its strongest competitors to give you more insight about the broker and how it compares to others in the industry. Limited number and regions for international stocksĬharles Schwab Compared to Similar Brokers There are definitely many things to like about Charles Schwab, but if you’re considering any online broker, knowing where it falls short is just as important as knowing where it shines. You might also want to read our research we did on eToro, Plus500, Pepperstone and Avatrade. Phone, live chat, and in-person support at branches
dollar (USD), Euro (EUR), British pound (GBP), Australian dollar (AUD), Canadian dollar (CAD), New Zealand dollar (NZD), Danish krone (DKK), Hong Kong dollar (HKD), Japanese yen (JPY), Mexican peso (MXN), Norwegian krone (NOK), Polish zloty (PLN), Singapore dollar (SGD), South African rand (ZAR), Swiss franc (CHF), Swedish krona (SEK) More than 4,200 no-transaction-fee mutual funds. Number of No-Transaction-Fee Mutual Funds Stocks, Bonds, Mutual funds, Fractional shares, CDs, ETFs, Futures, Options Here is some basic information about Charles Schwab. 5 Charles Schwab Compared to Similar Brokers.3 Best Alternative to Charles Schwab is Interactive Brokers.