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 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 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
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Charles Schwab
Forex.com
BROKER COMPARISON
Trading Platform & Tools
| 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
| 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% |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $25.000 | $100 |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | ||
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| 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 |
Research & Education
| Webinars | ||
| Educational Resources | ||
| Daily News Updates | ||
| Market Indepth Analysis | ||
| Pers. Training & Room | ||
| Market Research |
Customer Support
| 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 Schwab | Stocks and ETFs |
| Forex.com | Forex 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.