Charles Schwab Alternatives: Pros & Cons Updated for 2025
This alternatives to Charles Schwab guide has been updated for 2025 by industry experts with years of financial experience in Forex, CFDs, & Social Trading. We have worked to gather hundreds of data points about the alternatives to Charles Schwab to make sure you have as much information as possible to make an informed decision.
There are a lot of good alternatives to Charles Schwab like Startrader, freetrade, and easyMarkets. They all provide the same, if not more, benefits to their customers. If you feel that Charles Schwab is not quite right for you then it would be worth getting a demo account with some of the best Charles Schwab alternatives and ensuring that they are a better fit for you before moving any money around.
The most detailed review of Charles Schwab alternatives on the internet
There's a lot of reasons Charles Schwab may not be a good fit for you. For whatever reason you are hunting for the top Charles Schwab alternative or Charles Schwab competitor with similar services, we will always try to give you as much useful information so you can make an informed decision. Below you will discover the most popular Charles Schwab alternatives.
For each of the alternative to Charles Schwab, we break down the key differences to Charles Schwab and for each section show you the best alternatives. For every Charles Schwab alternative online trading platform shown we also have detailed trading platform reviews and guides that you can easily click to read elsewhere on comparebrokers.org, all based on hundreds of datapoints collected and reviewed by experts. If you are unhappy with Charles Schwab, we can show you some great alternative brokersbrokers|online trading platforms|brokerages.
Having a professional and dependable broker is vital to your trading success. All of the Charles Schwab alternative brokers shown in this Charles Schwab alternatives guide have good reputations and can fit what you are looking for.
Alternatives With Lower Minimum Deposit
Charles Schwab has a minimum desposit of $25, you can check how the minimum deposit requirements of Charles Schwab compare with the minimum deposits of Charles Schwab competitors. Trading platforms often have lower minimum deposits to get users to test them out, but having higher a minimum deposit requirement isn’t always a bad thing, it all depends on your personal trading needs.
| Broker | Minimum Deposit | Find Out More |
|---|---|---|
|
Charles Schwab |
$25 | |
| freetrade |
$0 | |
| easyMarkets |
$100 | |
| Uphold |
$1 | |
| IC Markets |
$200 |
Alternatives Offering Demo Accounts
Charles Schwab offers virtual portfolio accounts so you can test your trading strategies before risking any real money. Newbie traders can open a demo account in order to become better acquainted with the aspects of Forex trading and test out some of the company’s features before risking a live account.
Below we list some of the best alternatives to Charles Schwab that have virtual portfolio accounts.
| Broker | Offers Demo Account? | Find Out More |
|---|---|---|
|
Charles Schwab |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
Yes |
|
Alternatives Offering Negative Balance Protection
Charles Schwab does not offer negative balance protection. If your balance is unfavorable, Charles Schwab indicates that you contact customer services. So you can correct any imbalances within your account.
Below we detail some of the best alternatives to Charles Schwab that has negative balance protection.
| Broker | Offers Negative Balance Protection? | Find Out More |
|---|---|---|
|
Charles Schwab |
No | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| Uphold |
Yes |
Alternatives Offering Guaranteed Stop Loss
Charles Schwab regrettably, does not provide guaranteed stop loss. Charles Schwab provides an opportunity for its traders to close their trades in their specified price. Apart from that, Charles Schwab doesn't offer guaranteed stop loss.
Below we show some of the top Charles Schwab alternatives that offer guaranteed stop loss available for their users.
| Broker | Offers Guaranteed Stop Loss? | Find Out More |
|---|---|---|
|
Charles Schwab |
No | |
| easyMarkets |
Yes | |
| Uphold |
Yes | |
| instaforex |
Yes | |
| FreshForex |
Yes |
Alternatives Offering Scalping
Charles Schwab do allow scalping. Several traders throughout the world select Charles Schwab for their scalping services. They offer trading on Android,WEB,Desktop,iPhone,Mac which let this.
Below we detail some of the top alternatives to Charles Schwab that allow scalping functionality to their clients.
| Broker | Offers Scalping? | Find Out More |
|---|---|---|
|
Charles Schwab |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Alternatives That Allow Hedging
Charles Schwab do permit hedging. Many traders throughout the world choose Charles Schwab due to their hedging services. They offer trading on Android,WEB,Desktop,iPhone,Mac.
Below we detail some of the best alternatives to Charles Schwab that offer hedging services to their user base.
| Broker | Offers Hedging? | Find Out More |
|---|---|---|
|
Charles Schwab |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Alternatives That Allow Social Trading
Charles Schwab's social trading platform allows traders to share their expertise with others to build a community of investors and traders. Which stocks they are following, what stocks to buy, and what stocks to sell. This allows intermediate traders to absorb the expert knowledge and make their own trades based off it. This is independent copy trading..
Below we show some of the best alternatives to Charles Schwab that offer social trading capabilities.
| Broker | Offers Social Trading? | Find Out More |
|---|---|---|
|
Charles Schwab |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Alternatives That Allow Copy Trading
Charles Schwab's copy trading platform allows traders to share their expertise with others to build a community of investors and traders. Which stocks they are following, what stocks to buy, and what stocks to sell. Intermediate traders can then absorb this expert knowledge and create their own trades. This is calculated social trading..
Below we list some of the top alternatives to Charles Schwab that allow copy trading to their clients
| Broker | Offers Copy Trading? | Find Out More |
|---|---|---|
|
Charles Schwab |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Compare Charles Schwab To All Other Brokers