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Broker Comparison

Charles Schwab vs ii

Compare Charles Schwab and ii side by side: fees, regulation, platforms.

Charles Schwab

Charles Schwab

Investors who want brokerage, trading, and advice options

Charles Schwab combines $0 online listed stock and ETF commissions with thinkorswim platforms, fractional S&P…

VS
ii

ii

Flat-fee long-term investors

ii is a flat-fee investment platform with ISA, SIPP, Trading Account, funds, ETFs, shares, bonds, managed opt…

Head-to-head comparison

Charles Schwab vs ii
Feature Charles Schwab ii
Minimum deposit — —
Stock trading fee $0 online commission for listed stocks and ETFs; US OTC equities $6.95 UK and US shares (incl. ETFs & Investment trusts): Core £3.99 per trade; Plus £3.99 per trade; Premium £2.99 per trade
Regulators SIPC, FDIC, CFTC, NFA FCA
Best for Investors who want brokerage, trading, and advice options Flat-fee long-term investors
Markets & account
Stocks
ETFs
Forex
—
Crypto
—
Bonds
Options
—
Futures
—
Funds
Fractional Shares
—
Ready Made Portfolios
Money Market Funds
—
Margin
—
Demo Account
—
Investment Plans
—
Multi Currency
—
Business Account
—
Isa
—
Sipp
—

Pros & cons

Charles Schwab

Charles Schwab

Pros

  • $0 online listed stock and ETF commissions reduce trading costs
  • $0 brokerage opening, maintenance, and account minimums
  • Stock Slices let clients buy S&P 500 fractional shares from $5
  • paperMoney offers simulated trading on thinkorswim platforms
  • Schwab Intelligent Portfolios has no advisory fee or commissions
  • Treasuries trade online for $0 commission
  • Investor Checking has no monthly service or foreign transaction fees

Cons

  • Options carry a $0.65 per-contract fee
  • Broker-assisted stock and ETF trades add a $25 service charge
  • US OTC equities cost $6.95 online
  • Other mutual funds can cost up to $74.95 per purchase
  • Stock Slices are limited to S&P 500 companies
  • Day trading on thinkorswim requires margin approval and $25,000 equity
  • Futures and forex accounts are not protected by SIPC
  • Direct crypto cannot currently be traded in a Schwab brokerage account
ii

ii

Pros

  • Core plan starts at £5.99 per month
  • Regular investments are Free on every plan
  • No fees for transfers in or out
  • SIPP, ISA and Trading Account sit under one plan
  • Hold up to 9 currencies in SIPP and Trading Account
  • Plus includes 1 free monthly trade; Premium includes 2
  • Funds cost £1.49 on Plus and Free on Premium
  • Plus gives 5 free family accounts; Premium gives unlimited

Cons

  • Core is limited to portfolios up to £100,000
  • Junior ISA is not included on the Core plan
  • Same day GBP and EUR withdrawals cost £15
  • Other currency withdrawals cost £15
  • Telephone trades cost £49
  • Non-personal accounts add £30 per month
  • Premium costs £39.99 per month
  • Core FX conversion is 0.75%
Charles Schwab

Charles Schwab

Charles Schwab combines $0 online listed stock and ETF commissions with thinkorswim platforms, fractional S&P 500 Stock Slices, and automated portfolios.

Visit Charles Schwab Read review

Your capital is at risk. Other fees apply.

ii

ii

ii is a flat-fee investment platform with ISA, SIPP, Trading Account, funds, ETFs, shares, bonds, managed options and multi-currency investing.

Visit ii Read review

Your capital is at risk. Other fees apply.

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