Charles Schwab vs Interactive Investor

Charles Schwab or Interactive Investor – which is better for UK traders 2024? Compare Charles Schwab and Interactive Investor in this detailed breakdown of their platforms, features and fees.

Charles Schwab vs Interactive Investor Comparison Table 2024

Charles Schwab	Interactive Investor
2.8	4.6
Charles Schwab is ranked #110 among UK brokers.	Interactive Investor is ranked #12 among UK brokers.
Review	Review
Charles Schwab is a large US investment broker offering a massive range of stocks, ETFs and equity derivatives in a variety of savings and investment accounts. The trustworthy brand has been offering financial services for 45+ years with over 35 million brokerage accounts and $870+ billion in assets under management. Charles Schwab is also regulated by top-tier watchdogs including the SEC and FCA.	Interactive Investor are a hugely respected, FCA-regulated investing firm. The trading platform is easy-to-use while the sign-up and deposit process is straightforward for new investors. ii also has a long track record and a string of industry awards under its belt.
Pros
Strong investment offerings covering stocks, mutual funds, options, bonds and cryptocurrency Powerful trading software with real-time quotes, fundamental research and investment screeners Responsive customer support team available 24/7 via live chat or telephone Competitive trading fees with no commissions on stocks and ETFs Fractional shares on the S&P 500 with a $5 minimum investment Thematic investing categories and ESG compliant portfolios Strong regulatory oversight from the US SEC and UK FCA No account minimums for individual brokerage accounts High-quality educational resources for new investors	FCA-regulated No minimum deposit 40,000+ stocks and shares Excellent market research User-friendly investment app Low fixed fees for large portfolios Multiple payment methods including bank cards Highly rated and trusted by 400,000 investors Less than 1 minute average wait time for customer support Managed ISA introduced in 2024 streamlining investment decisions
Cons
Only US markets available (except 12 foreign markets on the Global Account) High minimum investment of $5000 to use robo-advisors Limited funding methods with no e-wallets No email support	No free demo account No copy trading tools
Awards
	Investment Platform of the Year 2022 Best Low-cost SIPP 2022 Shareholder Rights Champion 2022 Best Low Cost Stockbroker 2022 Retail Investor Champion of the Year 2021 Best Low Cost Stockbroker 2021 Best Stocks and Shares ISA provider 2021 Best Stocks & Shares ISA Provider 2020 Best Stockbroker for International Dealing 2020
FCA Regulated
No List of FCA Regulated Brokers	Yes
Instruments
Stocks, ETFs, Cryptos, Futures, Options, Commodities, Bonds	Stocks, Funds, Trusts, ETFs, Bonds, Gilts, VCTs
Demo Account
Yes	No
Minimum Deposit
$0	£0
Payment Methods
ACH Transfer Wire Transfer	Cheque Debit Card Maestro Mastercard Visa Wire Transfer
Minimum Trade
$1	£25
Regulator
SEC, FINRA, FCA1	FCA
Mobile Apps
iOS & Android	iOS & Android
iOS App Rating
	4.4
Android App Rating
	2.5
Margin Trading
No	No
MetaTrader 4
No	No
MetaTrader 5
No	No
cTrader
No	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
No	No
Autochartist
No	No
eSignal
No	No
Trading Central
No	No
STP Account
No	No
ECN Account
No	No
DMA Account
No	No
MAM Account
No	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
Yes	No
Robo Advisor
Yes	No
Negative Balance Protection
No	No
Market Maker
No	No
P2P Trading
No	No
Spot Trading
No	No
Auto Trading
Yes	Ready-Made Portfolios
Copy Trading
No	No
Social Trading
No	No
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
Yes	Yes
Custodial Account
Yes	Yes
Guaranteed Stop Loss
No	No
Inactivity Fee
	$0
Islamic Account
No	No
Account Currencies
USD	GBP
Commodities
Soybeans Lean Hogs
Cryptocurrency
Charles Schwab supports indirect crypto trading through digital coin trusts and crypto-related stocks. You can get exposure to popular digital currencies such as Bitcoin, Ripple and Ethereum.
Spread
Floating
Coins
GBTC BITW
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No
Charles Schwab	Interactive Investor
Review	Review
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