Comparison Charles Schwab vs CMC Markets

The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares Charles Schwab vs CMC Markets. Is Charles Schwab or CMC Markets a better online broker?

Firstly, let’s compare commission fees provided by these brokers for regular transactions. Charles Schwab has a commission fee of $4.95, and CMC Markets has a commission fee of 0.08% commission. You can read more detailed information on commission fees in the online broker reviews.

It is important for investors to know what types of online trading broker supports and what tools they can use for trading. Let’s compare them. Stocks Trading, Penny Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Robo Advisor are provided to customers by Charles Schwab and Stocks Trading, ETFs Trading, Forex Trading are provided by CMC Markets. As for platforms, Charles Schwab offers Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, Android App, iOS App, while CMC Markets offers Web Platform, Android App, iOS App.

In conclusion, when comparing the two online brokers, we should pay our attention to the year and country of foundation, the regulatory authorities and ways to withdraw funds. Charles Schwab was founded in 1973 in United States, and it is regulated by SIPC. And CMC Markets was founded in 1987 in United Kingdom, and it is regulated by FCA, ASIC, CFTC. We can withdraw funds from Charles Schwab with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is $0. And CMC Markets provides the ability to withdraw funds with the help of Bank Wire, and its withdrawal fee is free. The time for withdrawal in Charles Schwab is 5 days, and that one in CMC Markets is 1 - 2 business days.

As a result, the rating of Charles Schwab is 4.1 stars versus that of CMC Markets of 4.8 stars.