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Built for final-shortlist moments: select brokers, scan the trade-offs, then open the profile for deeper source notes.
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The comparison reads the same evidence fields used by broker profiles, so users can scan scores, regulation, costs, platforms, withdrawals, and caveats side by side.
Broker 1
Broker 2
| VS field |  |  |
|---|---|---|
Decision summary | ||
| Overall score | 84 | 91 |
| Trust score | 90 | 100 |
| Cost score | 82 | 92 |
| Platform score | 85 | 94 |
| Withdrawal score | 80 | 89 |
| Best for | Singapore multi-asset investors · SGX/CDP users · investors combining stocks, ETFs, funds, bonds and leveraged products | Best suited for U.S.-centric investors and active traders who want a large, bank-affiliated multi-asset brokerage with $0 online listed stock/ETF commissions, strong platform dept… |
| Watch out | Needs verification | Needs verification |
Trust & regulation | ||
| Regulators | Monetary Authority of Singapore (MAS) Source | SEC; FINRA; SIPC; CFTC; NFA; FDIC Source |
| License numbers | MAS FID lists licence statuses but no separate licence number was found in checked sources; company registration/UEN is 197501035Z. Source | Charles Schwab & Co., Inc. CRD 5393; SEC 801-29938 and 8-16514 Source |
| Regulated entities | Phillip Securities Pte Ltd; incorporated in Singapore Source | Charles Schwab & Co., Inc.; Charles Schwab Futures and Forex LLC; Charles Schwab Bank, SSB; Charles Schwab Premier Bank, SSB Source |
| Negative balance protection | No negative balance protection found; Cash Plus infosheet warns customers are responsible for shortfalls and leveraged trading losses may exceed initial funds. Source | Not disclosed as retail brokerage negative balance protection; futures/forex are leveraged and losses may exceed initial investment. Source |
| Investor compensation | No investor compensation scheme was identified in checked POEMS/MAS pages; assets may be held at CDP, in PSPL custody, or trust accounts depending on account/product. Source | SIPC protection up to $500,000 including a $250,000 cash limit for brokerage account assets; futures accounts are not protected by SIPC. Source |
| Restricted countries | Account eligibility excludes U.S. Persons; product disclaimers also state products are not offered to U.S. Persons. Source | Not all products, services, or investments are available in all countries; Schwab is not registered outside the United States and products/services may not be registered in a user's jurisdiction. Source |
Costs & account conditions | ||
| Minimum deposit | No general minimum opening deposit disclosed for Cash Plus/Cash Management; eNETS deposit minimum is S$1,000 and SMART Portfolio starts from S$300. Source | $0 minimum for standard U.S. brokerage and IRA accounts; Schwab One International accounts require a minimum deposit but amount is not disclosed in checked official pages. Source |
| Spread from | Not disclosed in checked POEMS pages; broker primarily publishes brokerage/commission rates, while FX/CFD spreads may depend on Phillip Nova/CFD product pages. Source | Not applicable to this stock/ETF investment broker profile; no CFD/FX spread schedule identified as a core product in reviewed sources. Source |
| Commission | Cash Plus: US 0 commission; SG 0.08% to 0.06% no min. Cash Management/Margin: SG 0.28% to 0.18% min S$25; US 0.30% min US$20. Source | stock_commission: $0 online commission for listed stocks and ETFs; OTC equities $6.95; broker-assisted service charge $25; etf_commission: $0 online commission for listed U.S.-exchange ETFs; options_commission: $0 online base commission plus $0.65 per options contract; futures_commission: $2.25 per contract, per side, for futures and futures options; exchange, regulatory, overnight, NFA, and market-data fees may apply; mutual_fund_commission: $0 on thousands of Schwab Mutual Fund OneSource funds; all other mutual funds up to $74.95 per purchase; bond_commission: New-issue bonds/CDs: $0 online/selling concession included; Treasuries online $0; most other secondary bonds $1 per bond with $10 minimum and $250 maximum; forex_commission: $0 commission; forex trade costs are reflected in the bid/ask spread Source |
| Maximum leverage | Cash Plus up to 5x cash deposit; CFDs up to 20x leverage. Source | Not disclosed as a single broker-level maximum; leverage/margin depends on product, account approval, and regulatory/product requirements. Source |
| Deposit fee | No blanket POEMS deposit fee found; S$20 + GST admin fee for missing/incorrect references; DBS MCA foreign-currency transfer has $0 fee. Source | $0 for funds entering a standard brokerage account; banking deposit services generally no monthly/account minimum fees, but certain services can have fees Source |
| Withdrawal fee | Ordinary cash withdrawal fee not clearly disclosed in checked pages; replacement cheque administration charge S$50 + GST and TT/bank charges may apply. Source | No fee for routine withdrawals from standard brokerage per FAQ; full outbound ACAT $50 and outgoing wire $25; Schwab Bank Investor Checking has unlimited ATM fee rebates for cash withdrawals worldwide, subject to conditions. Source |
| Inactivity fee | No general inactivity fee found; custody/account maintenance charges can apply if activity/asset-value waiver conditions are not met. Source | $0 annual maintenance/inactivity fee for standard brokerage accounts Source |
Markets, platforms & payments | ||
| Tradable assets | Stocks, ETFs, CFDs, bonds, unit trusts/funds, forex, futures, options, RSP/SBP, robo-advisory and money-market/cash solutions. Source | Stocks; fractional shares; ETFs; mutual funds; bonds/CDs/fixed income; money market funds; options; futures; futures options; forex; international stocks/ADRs/foreign ordinaries; cash products; annuities; alternatives; crypto ETPs/securities/futures. Source |
| Trading platforms | POEMS Mobile 3 app, POEMS 2.0 web portal, POEMS Pro Windows desktop, POEMS Mobile 2.0 and broker-assisted trading representative access. Source | Schwab.com; Schwab Mobile; thinkorswim desktop; thinkorswim web; thinkorswim mobile; paperMoney Source |
| Account types | Cash Plus, Cash Management/CDP-linked, Margin, Prepaid (CC), Custodian, SMART Portfolio and Managed Account options. Source | Individual Brokerage; Joint Brokerage; Schwab One Brokerage; Investor Checking-linked brokerage; Futures Account; Global Account; IRAs; custodial, education, trust, estate, organization, and business retirement accounts; Schwab Intelligent Portfolios. Source |
| Deposit methods | PayNow, DBS MCA transfer, FAST, eNETS, EPS, Internet Bill Payment, eGIRO, USD cheque and cross-border telegraphic transfer. Source | ACH/electronic transfer/MoneyLink; wire transfer; check/mail check; Schwab Mobile Deposit for checking; direct deposit for checking; account transfer/ACAT; branch/in-person deposit where available. Source |
| Withdrawal methods | Login to POEMS > Stocks > Online Forms > Withdrawal form; transfer to pre-registered local bank account via quick cheque or collect cheque from cashier; not available for Cash Trading Account. Source | Transfer to linked bank/checking; wire transfer; check; ATM/debit card for Schwab Bank Investor Checking; ACAT outbound account transfer. Source |
| Withdrawal processing time | Before-10am linked-bank withdrawals are described as almost immediate; rejected-payment refunds: PayNow up to 1 week, other modes at least 2 weeks. Source | Cash moved from brokerage to linked Investor Checking is generally available in seconds, but weekend/after-hours transfers may not be available until the next business day; other withdrawal methods vary/not fully disclosed on checked pages. Source |
BrokerVS provides broker comparison research only. Scores and evidence can vary by country, account type, and legal entity; users should verify source links before opening an account.