Charles Schwab vs. Forex.com Comparison

This contrast overview assists customers who battle to pick in between Charles Schwab and Forex.com to locate the very best online broker for their trading and financial investment requirements. It assesses the main features of both brokers side by side to aid users contrast their service and make a notified decision.

To aid users select the best broker between Charles Schwab and Forex.com to find the best-suited platform, below is a checklist of broker’s benefits and drawbacks, complied with by a comparison of their major trading functions, including trading systems & tools, fees, mobile trading, down payment & withdrawal, possessions, regulation, and client assistance.

Charles Schwab vs. Forex.com: Summary

Charles Schwab logo

Charles Schwab is a US based brokerage company founded in 1971. It is regulated by two tier-one financial regulators (the FINRA and SEC) and is considered safe.Users can trade on multiple assets including stocks, ETFs, funds, options, futures and cryptos.

Charles Schwab has a proprietary web and desktop trading platform. Both have a clean design and offer various customisation options and intuitive fee reports.

Charles Schwab’s trading fees are average compared to other similar brokers. They charge 0$ commission on stocks, ETFs and certain mutual funds and bonds. Their non-trading fees are low.

Charles Schwab’s customer support is available by phone, email and live chat 24/7.

Forex.com logo

Forex.com a reputable forex and CFD broker regulated by 7 tier–one regulators. They offer access to 5500+ tradable symbols across various markets including forex, stocks, cryptos and CFDs. Forex.com also offers a wide range of proprietary platforms with access to advanced charting features through TradingView, social trading tools and MT4 integration.

Forex.com trading fees are with an average spread of 1.1 pips (EUR/USD) above industry average.

Forex.com customer support is available 24/7 via email, phone and live chat. Their exceptional educational resources, great market research and ease of use make this broker a good choice for beginners and intermediate traders.

Pros

  • Low minimum deposit ($0)
  • $0 commission stock, ETF and mutual funds
  • Excellent research tools and education materials
  • Responsive customer support with 24/7 access
  • Fast & reliable trade execution 

Cons

  • Limited beginner features 
  • Expensive managed accounts and financial advice 

Pros

  • Low minimum deposit ($100)
  • Low average spread from 0.74 pips EUR/USD
  • Advanced charting features and performance analytics
  • Award Winning Mobile trading app
  • Professional customer support

Cons

  • Educational videos are missing
  • MT5 available outside of US only
  • Limited assets available on MT5

Key features

  • $0 commission stock and ETF trading 
  • Access to over 3,000 US stocks
  • Multiple advanced order types 
  • In-house reports from Morningstar and Credit Suisse
  • Google Assistant Integration
  • Robo-advisor and financial advisors available

Key features

  • Competitive trading fees
  • Compatibility with MT4 and MT5
  • 5500 tradable symbols and 4550 CFDs overall
  • Award winning mobile trading app
  • Advanced charting and performance analytics available
  • Great combination of ease of use and personal customisation

Charles Schwab vs. Forex.com Comparison

Select up to 3 Brokers

24Option
ActivTrades
Admiral Markets
ADSS
Ally Invest
Alpaca Markets
Alpari
Alvexo
Amana Capital
AMP Futures
AMP Global
ARMO Broker
AVAtrade
Axi
Axiory
Ayrex
Binary.com
BinaryCent
Binomo
BlackBull Markets
Brokerpoint
Capex (Ex. CFD Global)
Capital.com
Capitalize.ai
Captrader
Charles Schwab
ChoiceTrade
City Index
CMC Markets
Comdirect
Davy Select
Degiro
Dukascopy
E-Trade
EasyEquities
Eightcap
eOption
eToro
ETX Capital
ExpertOption
FBS
Fidelity
FinmaxFX
Finq.com
Firstrade
Flatex
Forex.com
FP Markets
Fusion Markets
FX Trading
FXCM
FXPro
FXTM
GoMarkets
HF Markets
HYCM
IC Markets
IG Trading
Interactive Brokers
Internaxx
IQ Option
IQCent
IronFX
Libertex Review March 2024
Lightspeed
LiteFinance
Magnifi
Markets.com
Merrill Edge
MEXEM
Moneta Markets
Multibank
Naga
Next Markets
Ninja Trader
Oanda
OctaFX
Olymp Trade
OneRoyal
Optimus Futures
OptionRobot.com
Passfolio
Pepperstone
Plus500
Pocket Option
Questrade
RaceOption
Rakuten Securities
Revolut
Robinhood
RoboForex
Sarwa
Saxo Bank
Skilling
SogoTrade
Spreadex
Swissquote
Tastytrade
TD Ameritrade
ThinkMarkets
Tickmill
TMGM
Toroption
Trade Ideas
Trade Nation
TradeStation
Trading212
TrendSpider
Vantage
Vestinda
VT Markets
Webull
XM
XTB
Zacks Trade
Zerodha
Compare brokers
Charles Schwab logo

Charles Schwab

Forex.com logo

Forex.com

Open account Read review

80% of retail CFD accounts lose money

BROKER COMPARISON

Charles Schwab logo
Forex.com logo

Overall rating

4,1/5

4,4/5

Overall rating

4,1/5

4,4/5

Trading Platform & Tools

4.4

4.6

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 2:1 1:50
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
Mobile Version
Mutual Fund Management
Proprietary Platform
Social/Copy Trading
Trading Alerts
Trading signals
Watchlist
Web Version

Fees

5.0

3.7

See details
Withdrawal Fee 0 0
Deposit Fee 0 0
Inactivity Fee 0 $15 per month (after 12 months)
Cost Per Trade 0 0
Cost Per Month 0 0
Forex (EUR/USD) 0 0.8 pips
Stocks & ETF 0 0 + spread
CFD (Gold) 0 0.8
Crypto 0 0
Options US$0.65 per options contract 0
Conversion Fees 0.50%
Misc. Fees 0
Overnight Fees 2.50%

Mobile Trading

3.0

5.0

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

1.3

4.9

See details
Minimum deposit (in UAE) $25.000 $100
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

4.8

4.1

See details
Shares 11.438 0
ETF & Funds 2.600 0
Crypto 0 0
Commodities 0 0
Indices 0 0
Options 8 exchanges 0
Futures 8 exchanges 0
Bonds 36.000 0
Forex Instruments 0 91
CFD Indices & Funds 0 17
CFD Stocks 0 9500
CFD Commodities 0 22
CFD Crypto 0 8
CFD Bonds 0 0
Binary Options 0 0
SWAPS 0 0
Saving Plans 0 0

Regulation

5.0

4.0

See details
Tier 1 License
Tier 2 License
Tier 3 License

Research & Education

5.0

4.3

See details
Webinars
Educational Resources
Daily News Updates
Market Indepth Analysis
Pers. Training & Room
Market Research

Customer Support

4.0

4.5

See details
Email
Phone
Live Chat
24/7 support
Multilingual
Personal Account Manager

Winner

Charles Schwab vs. Forex.com Comparison Conclusion

The results of our contrast of Charles Schwab vs. Forex.com are involved the table listed below.

Broker:Best For:
Charles SchwabStocks and ETFs
Forex.comForex and CFD trading and MT4

Choosing the best selection between Charles Schwab and Forex.com can be difficult. Both online brokers have similarities however vary regarding trading instruments, systems & apps, guideline, deposit & withdrawals, and research study and education. Choosing the very best broker depends upon users’ trading & investment objectives, individual preferences, and experience level.

To make a better-informed decision, users can read our detailed broker reviews, comparison or use our broker selector to help them find the ideal broker.

This site is registered on wpml.org as a development site.