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Charles Schwab vs Vanguard

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

Charles Schwab vs Vanguard Comparison Table 2024
Charles Schwab	Vanguard

2.8	2.8
Charles Schwab is ranked #118 among UK brokers.	Vanguard is ranked #118 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.	Vanguard is a US-headquartered brokerage with 50 million clients globally and $8+ billion in assets under management. The brands offers investing in stocks, mutual funds, bonds, ETFs and options with low fees. The trusted broker is regulated by the SEC, FINRA and FCA.
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	Trusted since 1975 with strong regulatory oversight in the US and UK Retirement and ISA accounts available alongside traditional investing solutions Fully managed accounts providing a hands-off approach to investing Excellent education and user guides compared to alternatives Competitive fee structure with a 0.15% account fee Commission-free stock and ETF trading Well-designed mobile app ESG funds available
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	Limited payment methods - credit cards, cheques and e-wallet are not supported High minimum investment amounts, including $3000 for the majority of mutual funds No demo account available to practise trading risk-free Focused on US clients
FCA Regulated
No List of FCA Regulated Brokers	No List of FCA Regulated Brokers
Instruments
Stocks, ETFs, Cryptos, Futures, Options, Commodities, Bonds	Stocks, ETFs
Demo Account
Yes	No
Minimum Deposit
$0	$1
Payment Methods
ACH Transfer Wire Transfer	ACH Transfer Wire Transfer
Minimum Trade
$1	$1
Regulator
SEC, FINRA, FCA1	SEC, FINRA
Mobile Apps
iOS & Android	iOS & Android
iOS App Rating

Android App Rating

Margin Trading
No	Yes
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	Yes
Robo Advisor
Yes	Yes
Negative Balance Protection
No	No
Market Maker
No	No
P2P Trading
No	No
Spot Trading
No	Yes
Auto Trading
Yes	Yes
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
Islamic Account
No	No
Account Currencies
USD	USD EUR GBP
Commodities
Soybeans
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	Vanguard
Review	Review
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