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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.

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Broker 2
VS field
XP Investimentos

xpi.com.br

Stock BrokerETF BrokerETF
Charles Schwab

schwab.com

Stock BrokerETF BrokerMutual Fund
Decision summary
Overall score
82
91
Trust score
86
100
Cost score
78
92
Platform score
84
94
Withdrawal score
72
89
Best for
Brazil residents with CPF seeking a multi-asset investment platform · Investors who value advisory plus self-directed Home Broker access · Active B3 traders who need advanced char…
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
Banco Central do Brasil, CVM, B3/BSM context, ANBIMA self-regulation references.
Source
SEC; FINRA; SIPC; CFTC; NFA; FDIC
Source
License numbers
CNPJ 02.332.886/0001-04; CVM custodian registry CNPJ 002332886000104.
Source
Charles Schwab & Co., Inc. CRD 5393; SEC 801-29938 and 8-16514
Source
Regulated entities
XP Investimentos CCTVM S.A. and Banco XP S.A. appear in CVM custodian records / official disclosures.
Source
Charles Schwab & Co., Inc.; Charles Schwab Futures and Forex LLC; Charles Schwab Bank, SSB; Charles Schwab Premier Bank, SSB
Source
Negative balance protection
Not a CFD-style NBP disclosure; negative cash balance charges are disclosed instead.
Source
Not disclosed as retail brokerage negative balance protection; futures/forex are leveraged and losses may exceed initial investment.
Source
Investor compensation
FGC coverage for eligible credit/deposit instruments only; not blanket securities-market protection.
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
Brazil-focused; no complete country eligibility/restriction matrix found.
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 universal account minimum found in reviewed public account-opening pages.
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 a forex/CFD spread quote; FX conversion spread page shows regressivo 2.25% to 1.30% depending on segment/value transferred.
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
R$0 self-service equities/BDRs for key modes; assisted/desk/risk brokerage and other charges can apply.
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
Universal maximum leverage not found; product-specific alavancagem needs manual review.
Source
Not disclosed as a single broker-level maximum; leverage/margin depends on product, account approval, and regulatory/product requirements.
Source
Deposit fee
General deposit fee not found in reviewed public pages.
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
General withdrawal fee not found in reviewed public pages.
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 in reviewed public pages.
Source
$0 annual maintenance/inactivity fee for standard brokerage accounts
Source
Markets, platforms & payments
Tradable assets
Stocks/BDRs, ETFs, options, futures/minicontracts, funds, FIIs, fixed income, public offerings, COE, pension/insurance and some global-investment products subject to eligibility.
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
Home Broker XP, XP app, advanced charting/trading platforms, robot/automation platforms, TradeMap and tax tools.
Source
Schwab.com; Schwab Mobile; thinkorswim desktop; thinkorswim web; thinkorswim mobile; paperMoney
Source
Account types
Individual, PJ/business, minor-registration guidance, and digital/investment account flows.
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
Bank transfer, Pix and internal digital/investment account transfers are evidenced but support-page body extraction was limited.
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
TED withdrawal via Portal XP, Pix/transfer from digital account and internal transfers, subject to manual confirmation.
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
No reliable public withdrawal-processing time found.
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.