Discover our detailed comparison of Barchart and Schwab to help determine which is best for you. Whether you’re a seasoned trader or just starting out, choosing the right platform can significantly impact your trading experience.
To make your research easier, we manually found key data for Barchart and Schwab across the internet and compiled it all in this article.
Key Characteristics of Barchart and Schwab
| Provider | Platform Type | Tradeable Assets | Charting Features | Data | Premium Pricing |
|---|---|---|---|---|---|
| Barchart Visit Site | Charting Software | Not a broker, but you can chart stocks, ETFs, futures, & forex | Downloadable desktop platform and web app with access to indicators and drawing tools for free | Use any time frame for free, but real-time data requires a paid subscription | $89-$140 per month |
| Schwab Visit Site | Brokerage Platform | Stocks, ETFs, Mutual Funds, Options, Index Options, Futures, Futures Options, Bonds | thinkorswim platform | Real-time data with funded account | No premium features |
Overview of Barchart
Barchart is a charting platform that allows you to analyze stocks, ETFs, currencies, and futures. You get access to indicators, drawing tools, and all time frames for free, but you must pay for real-time data and other advanced features.
Overview of Schwab
Charles Schwab is a well-established brokerage firm known for its wide range of investment products and services. Schwab also provides a user-friendly online platform and mobile app, along with educational resources to help clients make informed investment decisions. Additionally, they offer banking services, retirement accounts, and access to financial advisors.
Who is Barchart Best For?
Barchart is best for swing traders and investors who want free access to a decent charting platform. If you are an active trader, the pricing is quite expensive for real-time data, and the charting isn’t as good as competitors like TradingView and TrendSpider.
Who is Schwab Best For?
Schwab is a great brokerage for long-term investors and active traders alike. With its recent acquisition of TD Ameritrade and the thinkorswim platform, Schwab is suitable for anybody looking to trade and invest in the stock market.
Trading Features and Tools
| Provider | DRIP | Margin Trading | Insurance | Mobile App |
|---|---|---|---|---|
| Barchart Visit Site | Not a broker | Not a broker | Not a broker | Yes |
| Schwab Visit Site | Yes, no fees | Yes | SIPC/FDIC Insured | Yes |
Trading Costs and Commissions Compared
| Fee Type | Barchart Visit Site | Schwab Visit Site |
|---|---|---|
| Equity Commission | Not a broker | Free |
| Option Commission | Not a broker | $0.65 per contract |
| Futures Commission | Not a broker | $2.25 per contract |
| Futures Options Commission | Not a broker | $2.25 per contract |
| Option Exercise Fee | Not a broker | None |
Barchart vs Schwab – Bottom Line
Choosing between Barchart and Schwab depends on your specific trading needs, preferred trading tools, and the type of assets you’re interested in.
Both platforms offer distinct advantages, but by considering the detailed comparison above, you can select the one that aligns best with your trading strategy and goals.
For more detailed reviews and comparisons, continue exploring our other articles on brokerage platform comparisons.
What is the Overall Best Charting Software?
I have reviewed and used nearly every trading platform available, and I believe that TradingView is the best overall charting software available. Here are some reasons why:
- All of TradingView’s key features are free to use
- TradingView provides real-time data for free whenever possible
- You are not tied to a single broker and can use whichever you want while charting on TradingView
- You can track all markets on a single platform, including stocks, ETFs, crypto, forex, and futures.
- TradingView has an excellent economic calendar and various screeners
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