Brokers for Long-Term Investors: Interactive Brokers vs. Charles Schwab

When you’re ready to start investing, you’ll need to open a brokerage account to place your orders. Many investors now use online discount brokers for self-directed accounts to make trades quickly, conveniently, and inexpensively.Today we’ll look at two of the largest brokers out there, Interactive Brokers and Charles Schwab , to see how they compare on factors that are important to investors.