Charles Schwab (thinkorswim)vs.Interactive Brokers
Head-to-head comparison across ratings, fees, asset coverage, and platform breadth.
Charles Schwab (thinkorswim)
4.5 / 5
Best for full-service investors who want thinkorswim, broad 24/5 trading, deep customer service, and integrated banking. Cost-competitive on most fronts but lags on margin rates and fractional-share breadth.
Last reviewed May 13, 2026Data may be outdated — verify rates before acting
Interactive Brokers
4.6 / 5
Best for active, global, and advanced traders. Lowest margin rates in the industry, broadest international access (160+ exchanges, 36 countries), and the most complete API stack in retail brokerage.
Last reviewed May 13, 2026Data may be outdated — verify rates before acting
Sub-rating overlap
Each broker scored 0–5 across the same 8 dimensions.
Detailed comparison
Green cells mark the winner on each metric. Tie rows are uncoloured.
Metric
Charles
Interactive
Winner
OverallEditorial score
4.50 / 5
4.60 / 5
Interactive
Sub-ratingsCommissions & fees
4.20
4.80
Interactive
Sub-ratingsPlatforms & tools
5.00
5.00
Tie
Sub-ratingsMobile app
4.40
4.00
Charles
Sub-ratingsResearch
5.00
4.20
Charles
Sub-ratingsEducation
5.00
4.00
Charles
Sub-ratingsCustomer service
4.90
3.80
Charles
Sub-ratingsRange of investments
4.70
5.00
Interactive
Sub-ratingsActive trading
4.70
5.00
Interactive
PricingLowest margin rate
11.13%
5.83%
Interactive
PricingDefault cash sweep yield
0.45%
4.33%
Interactive
PricingPFOF on equities
Accepts
Does not accept
Interactive
Where they differ on asset coverage
Asset class
Charles
Interactive
Fractional shares
Limited
Yes
Options (single & multi-leg)
Yes
Crypto (direct)
Limited
Yes
International stocks
Limited
Yes
Options (US + global)
Yes
Prediction markets
Yes
Charles strengths
thinkorswim desktop included free — ~400 technical studies, thinkScript, paperMoney
24/5 trading via EXTO on 1,100+ securities (S&P 500 + Nasdaq-100 + Dow 30 + 600+ ETFs)
400+ U.S. branches with Saturday hours; 24/7 phone and chat support
Schwab Security Guarantee — 100% reimbursement for unauthorized account activity
TD Ameritrade integration completed; thinkorswim retained as the active-trader flagship
NerdWallet 2026 #1 IRA broker; Schwab Equity Ratings on 3,000 stocks
Interactive strengths
Lowest margin rates in retail brokerage — IBKR Pro USD blended 5.83–6.83%
Broadest international access — 160+ exchanges across 36 countries, 28 currencies
Trader Workstation (TWS) with ~120 order types, algos, Risk Navigator
Deepest short-locate inventory; SYEP shares 50% of borrow fees with clients
Full retail API: TWS, FIX, REST/WebSocket — 7 languages
Futures and futures options on 35+ global exchanges