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Charles Schwab vs Plus500 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

In this head to head comparison of Charles Schwab vs Plus500, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

Charles Schwab
visit.jpg
5/5 Stars Overall
  • Minimum Deposit: $0
  • Trust Score: 99
  • Tradeable Symbols (Total): 40000
Plus500
4.5/5 Stars Overall
  • Minimum Deposit: €50 info
  • Trust Score: 99
  • Tradeable Symbols (Total): 5500 info

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Regulation

Founded in 1971, Charles Schwab is a well-established online broker that is also a publicly traded bank. In terms of regulation, Charles Schwab holds an impressive number of Tier-1 licenses, totaling five. This high level of licensing contributes to its perfect Trust Score rating of 99, as determined by ForexBrokers.com. With a solid foundation in the financial industry, Charles Schwab stands out as a highly trusted choice for investors.

Plus500, established in 2008, is another prominent online broker that is publicly traded but not a bank. It surpasses Charles Schwab in its regulatory footprint by holding six Tier-1 licenses and an additional three Tier-2 licenses. Like Charles Schwab, Plus500 also achieves a top Trust Score rating of 99, making it equally dependable for those interested in online trading. Both brokers offer a blend of trust and regulatory compliance, though with slightly different aspects and histories.

Feature Charles Schwab logoCharles Schwab
Plus500 logoPlus500
Year Founded info 1971 2008
Publicly Traded (Listed) info Yes Yes
Bank info Yes No
Tier-1 Licenses info 5 6
Tier-2 Licenses info 0 3
Tier-3 Licenses info 0 0
Tier-4 Licenses info 0 2

Fees

Charles Schwab excels in providing a user-friendly entry into forex trading with no minimum deposit required for its main brokerage accounts. Particularly, Schwab One and Schwab Global accounts allow access to the thinkorswim platform, where trades are settled in U.S. dollars. While Schwab doesn't charge commissions for forex trading, the costs are embedded in the bid/ask spread, with the EUR/USD spread averaging 1.35 pips. This rate is slightly higher than the industry norm. Though convenient for U.S. dollar settlements, Schwab Global accounts allow international market trades in local currencies, with conversion fees ranging from 0.2% to 1% based on account balance. This option is especially appealing for active traders dealing in multiple currencies. Charles Schwab garners a 4-star rating for its commissions and fees, ranking #24 out of 63 brokers according to ForexBrokers.com.

Plus500 offers competitive pricing that leans slightly above the industry average, particularly for casual traders. Although it doesn't offer retail client discounts, Professional clients may qualify for cash rebates similar to an active trader program. In comparison to Charles Schwab’s average 1.35 pips spread for EUR/USD, Plus500’s spread stood at a slightly higher 1.5 pips in April 2024, positioning it above the industry standard. Despite the higher spread, Plus500 matches Schwab with a 4.0-star rating for its commission and fees. On the ForexBrokers.com list, Plus500 ranks just above Schwab at #23 out of 63 brokers.

Both Charles Schwab and Plus500 provide solid brokerage services for different trader profiles. Schwab may appeal to beginners and those trading multiple international markets, thanks to its intuitive platform and currency flexibility. In contrast, Plus500 provides a straightforward pricing structure that might serve more experienced traders favoring slightly higher spreads in exchange for potential cash rebates as Professional clients. Evaluating your trading needs and comparing spread differences can guide you in selecting the broker that fits your style best.

Feature Charles Schwab logoCharles Schwab
Plus500 logoPlus500
Minimum Deposit info $0 €50 info
Average Spread EUR/USD - Standard info 1.35 info 1.3 info
All-in Cost EUR/USD - Active info 1.35 info 1.3 info
Active Trader or VIP Discounts info No No
ACH or SEPA Transfers info Yes No
PayPal (Deposit/Withdraw) info No Yes
Skrill (Deposit/Withdraw) info No Yes
Visa/Mastercard (Credit/Debit) info No Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

When it comes to the range of investments, Charles Schwab and Plus500 both offer forex trading via CFDs or spot contracts, but their investment variety differs significantly. Charles Schwab boasts an impressive 40,000 tradeable symbols compared to Plus500’s offer of 5,500. For forex enthusiasts, Charles Schwab provides access to 73 tradeable forex pairs, slightly more than Plus500's 65 pairs. Both platforms enable users to invest in exchange-traded securities on both U.S. and international exchanges, so you can purchase shares like Apple or Vodafone without resorting to CFDs. However, neither broker supports copy trading nor the purchase of actual cryptocurrencies, although they both allow trading in cryptocurrency derivatives.

The comprehensive array of options at Charles Schwab, coupled with its extensive selection of tradable symbols, has earned it a top-tier ranking of #5 for Range of Investments from ForexBrokers.com, reflecting its 5-star rating. On the other hand, Plus500, while offering a solid selection, ranks at #21, with a 4.5-star rating in the same category. This demonstrates that while Plus500 is a competitive choice for many investors, Charles Schwab's wider variety of investment opportunities may make it the more favorable option for those seeking extensive market access.

Feature Charles Schwab logoCharles Schwab
Plus500 logoPlus500
Forex Trading (Spot or CFDs) info Yes Yes info
Tradeable Symbols (Total) info 40000 5500 info
Forex Pairs (Total) info 73 65
U.S. Stock Trading (Non CFD) info Yes Yes
Int'l Stock Trading (Non CFD) info Yes Yes
Social Trading / Copy Trading info No No
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info Yes Yes info
Disclaimers Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Non-CFD share trading at Plus500 is only available through the Plus500 Invest account.

Dive deeper: Best Copy Trading Platforms.

Trading platforms and tools

When comparing the online trading platforms of Charles Schwab and Plus500, each has its own strengths and limitations to consider. Both brokers provide proprietary platforms, meaning they develop their systems in-house, allowing for personalized user experiences. They also offer paper trading, a valuable feature for users to practice without financial risk. While Charles Schwab provides a Windows-based desktop trading platform, Plus500 is strictly web-based, potentially influencing your preferred manner to engage with the platform. Both brokers support trading directly from charts, however, this feature is exclusive to Schwab, reinforcing its diverse platform capabilities. Neither broker incorporates third-party systems like MetaTrader 4 or 5, DupliTrade, or ZuluTrade, which might be a factor for traders seeking these tools.

Charles Schwab excels in charting and customization, featuring 24 drawing tools and a remarkable 580 fields for watch lists, far surpassing Plus500's 36 drawing tools and 10 fields. These distinctions reflect Charles Schwab’s superior customization and analytical capabilities, underpinning its five-star rating for trading platforms and tools. In contrast, Plus500, while highly efficient and ranked reasonably well at #14, falls short of Schwab’s precision and flexibility, earning a still respectable 4.5 stars. The trading platforms category by ForexBrokers.com ranks Charles Schwab at an impressive #5 out of 63 brokers, emphasizing its powerful suite of tools and overall user experience.

Feature Charles Schwab logoCharles Schwab
Plus500 logoPlus500
Virtual Trading (Demo) info Yes Yes
Proprietary Platform info Yes Yes
Desktop Platform (Windows) info Yes No
Web Platform info Yes Yes
Social Trading / Copy Trading info No No
MetaTrader 4 (MT4) info No No
MetaTrader 5 (MT5) info No No
DupliTrade info No No
ZuluTrade info No No
Charting - Indicators / Studies (Total) info 374 115
Charting - Drawing Tools (Total) info 24 36
Charting - Trade From Chart info Yes No
Watchlists - Total Fields info 580 10

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

Charles Schwab and Plus500 both offer comprehensive mobile trading solutions that cater to traders using iPhone and Android devices. Users of both apps can receive price alerts for stocks and forex, synchronize watchlists seamlessly with their online accounts, and cater to various charting needs. Charles Schwab stands out by providing a substantial 374 technical studies for charting, compared to Plus500's 115, and allows for trendline drawing and saving these drawings automatically. Plus500 also offers trendline drawing but lacks the auto-save feature for drawings, requiring manual save efforts from the user.

Both applications offer the ability to view multiple time frames on charts and to create watchlists with real-time quotes. When rated for mobile trading applications, Charles Schwab scores a perfect 5 stars, outshining Plus500's commendable 4.5-star rating. In a broader comparison of 63 brokers by ForexBrokers.com, Charles Schwab achieves a higher placement, ranking 6th in the mobile trading apps category, while Plus500 holds the 14th position. Both broker apps are powerful tools for the modern trader, but Charles Schwab earns the edge with a wider array of charting features and a higher customer satisfaction rating.

Feature Charles Schwab logoCharles Schwab
Plus500 logoPlus500
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Watchlist Syncing info Yes Yes
Mobile Charting - Indicators / Studies info 374 115
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes No
Mobile Watchlist info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

When comparing Charles Schwab and Plus500 for market research offerings, both platforms provide essential tools, but with some differences in their features. Charles Schwab excels with daily market commentary and forex news from top-tier sources like Bloomberg and Reuters, which are not available with Plus500. Both brokers offer an economic calendar to keep investors informed of global news, although Charles Schwab's research receives a higher rating of 5 stars, as opposed to Plus500's 4 stars. This reflects in their respective rankings on ForexBrokers.com, where Charles Schwab is ranked 4th among 63 brokers, significantly ahead of Plus500, which is ranked 19th.

Plus500 distinguishes itself by providing unique tools like a sentiment-based trading tool that displays ratios of long or short positions across currency pairs. It also offers technical analysis tools from Trading Central, which Charles Schwab does not provide. While neither broker integrates research tools from Autochartist, TipRanks, or Acuity Trading, these platforms cater to a range of research needs with their distinct strengths, allowing traders to find the broker that best suits their strategies and preferences.

Feature Charles Schwab logoCharles Schwab
Plus500 logoPlus500
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes No
Autochartist info No No
Trading Central (Recognia) info No Yes
Social Sentiment - Currency Pairs info No Yes
TipRanks info No No
Signal Centre (Acuity Trading) info No No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

When it comes to educational resources for beginners, both Charles Schwab and Plus500 offer a variety of materials that cater to novice investors. Both platforms provide more than 10 educational pieces focused on forex and CFDs, including articles, videos, and archived webinars. In addition, they each host monthly online educational webinars and maintain extensive archives, which users can easily search through to access previously recorded sessions. For those new to trading, each broker also offers at least 10 videos specifically designed for beginners.

While both Charles Schwab and Plus500 present a solid array of advanced educational videos, Charles Schwab extends its learning avenues by offering an investor dictionary with over 50 investing terms, a feature not available with Plus500. This additional resource contributes to Charles Schwab's higher educational rating of 5 out of 5 stars, compared to Plus500's 4.0 stars. Furthermore, as per ForexBrokers.com, Charles Schwab is ranked 6th out of 63 brokers for education, whereas Plus500 is positioned at 31st, highlighting Schwab's stronger focus on providing comprehensive educational support for its clients.

Feature Charles Schwab logoCharles Schwab
Plus500 logoPlus500
Education (Forex or CFDs) info Yes Yes
Client Webinars info Yes Yes info
Client Webinars (Archived) info Yes Yes info
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes Yes
Investor Dictionary (Glossary) info Yes No

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 of the best forex brokers, our research and account testing finds that Charles Schwab is better than Plus500. Charles Schwab finished with an overall rank of #6, while Plus500 finished with an overall rank of #14.

Charles Schwab is a highly trusted financial institution and multi-asset broker catering to U.S.-based and international forex traders. Schwab's award-winning thinkorswim platform offers over 70 tradeable currency pairs alongside impressive tools, research, and education. That said, the broker’s forex offering is still largely limited to what is available on thinkorswim.

Feature Charles Schwab logoCharles Schwab
Plus500 logoPlus500
Overall Rating info 5/5 Stars 4.5/5 Stars
Trust Score info 99 99
Range of Investments 5/5 Stars 4.5/5 Stars
Commissions & Fees 4/5 Stars 4.0/5 Stars
Platforms & Tools 5/5 Stars 4.5/5 Stars
Research 5/5 Stars 4.0/5 Stars
Mobile Trading 5/5 Stars 4.5/5 Stars
Education 4.5/5 Stars 4.0/5 Stars

FAQs

Can you trade cryptocurrency with Charles Schwab or Plus500?

Both Charles Schwab and Plus500 allow investors to trade cryptocurrency derivatives rather than the actual cryptocurrency, as neither platform offers the option to purchase delivered cryptocurrency.

What funding options does each broker offer?

When comparing online brokers, Charles Schwab supports ACH and SEPA transfers along with bank wires for account funding, while Plus500 does not offer ACH or SEPA transfers but provides varied options like PayPal, Skrill, Visa, Mastercard, and also supports bank wire transfers for depositing or withdrawing funds.




announcementPlease note:

We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.

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Compare

0 of 5
Overall Rating Charles Schwab Plus500
Overall Rating info 5/5 Stars 4.5/5 Stars
Commissions & Fees 4/5 Stars 4.0/5 Stars
Range of Investments 5/5 Stars 4.5/5 Stars
Platforms & Tools 5/5 Stars 4.5/5 Stars
Mobile Trading 5/5 Stars 4.5/5 Stars
Research 5/5 Stars 4.0/5 Stars
Education 4.5/5 Stars 4.0/5 Stars
Trust Score info 99 99
Winner check_circle
Review Charles Schwab Review Plus500 Review
Broker Screenshots Charles Schwab Plus500
Trading Platforms Gallery (click to expand) info
Mobile Trading Gallery (click to expand) info
Research Gallery (click to expand) info
Education Gallery (click to expand) info
Regulation Charles Schwab Plus500
Trust Score info 99 99
Year Founded info 1971 2008
Publicly Traded (Listed) info Yes Yes
Bank info Yes No
Regulated in one or more EU or EEA countries (MiFID). info No Yes info
Tier-1 Licenses info 5 6
Tier-2 Licenses info 0 3
Tier-3 Licenses info 0 0
Tier-4 Licenses info 0 2
Tier-1 Licenses (Highly Trusted) Charles Schwab Plus500
Australia (ASIC Authorised) info No Yes
Canada (CIRO Authorised) info Yes No
Hong Kong (SFC Authorised) info Yes No
Japan (SFC Authorised) info No Yes
Singapore (MAS Authorised) info Yes Yes
Switzerland (FINMA Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info Yes Yes
USA (CFTC Authorized) info Yes No
New Zealand (FMA Authorised) info No Yes
Regulated in one or more EU or EEA countries (MiFID). info No Yes info
Tier-2 Licenses (Trusted) Charles Schwab Plus500
Kenya (CMA Authorised) info No No
Israel (ISA Authorised) info No Yes
South Africa (FSCA Authorised) info No Yes
UAE (DFSA/Central Bank Authorised) info No Yes
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info No No
Investments Charles Schwab Plus500
Forex Trading (Spot or CFDs) info Yes Yes info
Tradeable Symbols (Total) info 40000 5500 info
Forex Pairs (Total) info 73 65
U.S. Stock Trading (Non CFD) info Yes Yes
Int'l Stock Trading (Non CFD) info Yes Yes
Social Trading / Copy Trading info No No
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info Yes Yes info
Disclaimers Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Non-CFD share trading at Plus500 is only available through the Plus500 Invest account.
Cost Charles Schwab Plus500
Average Spread EUR/USD - Standard info 1.35 info 1.3 info
All-in Cost EUR/USD - Active info 1.35 info 1.3 info
Active Trader or VIP Discounts info No No
Inactivity Fee info No Yes
Execution: Agency Broker info Yes No
Execution: Market Maker info No Yes
Funding Charles Schwab Plus500
Minimum Deposit info $0 €50 info
PayPal (Deposit/Withdraw) info No Yes
Skrill (Deposit/Withdraw) info No Yes
Visa/Mastercard (Credit/Debit) info No Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
ACH or SEPA Transfers info Yes No
Trading Platforms Charles Schwab Plus500
Proprietary Platform info Yes Yes
Desktop Platform (Windows) info Yes No
Web Platform info Yes Yes
Social Trading / Copy Trading info No No
MetaTrader 4 (MT4) info No No
MetaTrader 5 (MT5) info No No
cTrader info No No
DupliTrade info No No
ZuluTrade info No No
Trading Tools Charles Schwab Plus500
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes Yes
Watchlists - Total Fields info 580 10
Charting - Indicators / Studies (Total) info 374 115
Charting - Drawing Tools (Total) info 24 36
Charting - Trade From Chart info Yes No
Charts can be saved info Yes Yes
Mobile Trading Charles Schwab Plus500
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Mobile Watchlist info Yes Yes
Watchlist Syncing info Yes Yes
Mobile Charting - Indicators / Studies info 374 115
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes No
Mobile Economic Calendar info Yes Yes
Research Charles Schwab Plus500
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes No
Autochartist info No No
Trading Central (Recognia) info No Yes
TipRanks info No No
Social Sentiment - Currency Pairs info No Yes
Economic Calendar info Yes Yes
Education Charles Schwab Plus500
Education (Forex or CFDs) info Yes Yes
Client Webinars info Yes Yes info
Client Webinars (Archived) info Yes Yes info
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes Yes
Investor Dictionary (Glossary) info Yes No
Major Forex Pairs Charles Schwab Plus500
GBP/USD info Yes Yes info
USD/JPY info Yes Yes info
EUR/USD info Yes Yes info
USD/CHF info Yes Yes info
USD/CAD info Yes Yes info
NZD/USD info Yes Yes info
AUD/USD info Yes Yes info
Review Charles Schwab Review Plus500 Review
Overall Charles Schwab Plus500
Overall Rating info 5/5 Stars 4.5/5 Stars
Commissions & Fees 4/5 Stars 4.0/5 Stars
Range of Investments 5/5 Stars 4.5/5 Stars
Platforms & Tools 5/5 Stars 4.5/5 Stars
Mobile Trading 5/5 Stars 4.5/5 Stars
Research 5/5 Stars 4.0/5 Stars
Education 4.5/5 Stars 4.0/5 Stars
Trust Score info 99 99
Winner check_circle
Review Charles Schwab Review Plus500 Review
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