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Charles Schwab vs Axi : Fees, Safety & Trading Conditions Compared (2026)
Broker Name
Charles Schwab
Axi
Broker Overview
Broker Type (e.g., Market Maker, ECN/STP)
STP broker
STP
Years of Existence / Established Year
1971
2007
Customer Base / Number of Accounts
No information
60,000+ traders
Regulation & Security
Regulations (governing bodies)
NFA, SFC, MAS, FCA, CFTC, CIRO
ASIC DFSA FSA
Awards Won (count for the last 2 years)
Best Online Broker 2024, Best customer Service
No major awards listed
Security Measures
SIPC
None
SSL Encryption / 2FA
Yes
Yes
Segregated Funds
Yes
Yes
Negative Balance Protection
No
Yes
Trading Instruments/Products Offered
Assets Types / Trading Instruments (total count and breakdown)
Money market Funds, Index funds, Bonds and fixed products, Annuities, Bank and borrowing, International stocks, Margin loans, Insurance, Securities lending fully paid
220 + CFDs IPOs
Currency Pairs
Yes
Yes
Commodities
No
Yes
Indices
No
Yes
Cryptocurrencies
Yes
Yes
CFDs
No
Yes
ETFs
Yes
No
Stocks
Yes
Yes
Options
Yes
No
Futures
Yes
No
Bonds
No
No
Mutual Funds
Yes
No
Fractional Shares
Exchange Traded Notes (ETNs)
Yes
No
Precious Metals
Yes
Yes
Real Estate Investment Trusts (REITs)
No
No
Equities
Yes
Yes
Trading Platforms & Technology
Trading Platform Availability
Yes
Yes
MT4
No
Yes
MT5
No
No
cTrader
No
No
Social Trading
Yes
Copy Trading
No
Yes
Other Trading Platforms (proprietary, etc.)
Schwab.com Web Trading Platform, StreetSmart Edge (advanced platform), StreetSmart Central (for options traders), Schwab Trading Powered by Ameritrade, thinkorswim Trading Platforms
Axi Trading Platform
Platform Compatibility (Windows, Mac, iOS, Android)
Yes
Yes
Account Types & Conditions
Account Types (Retail, Pro, VIP, etc.)
Brokerage and Trading, Retirement Accounts (IRAs), Education and Custodial, Personal Choice Retirement, Small Business, Accounts by Financial Goal
Standard Account Pro Account Elite Account
Demo Account (Yes/No)
Yes
Yes
Islamic Accounts (Yes/No)
No
Yes
Minimum Deposit
$0
$0
Leverage Available
No
200:1- 500:1
Trade Limit (maximum per trade)
Depends on order and trading session
100 orders per day maximum
Commission (per account type)
$0
Standard account - $0 Pro account - $7 round trip Elite account - $3.5 round trip
Best Suited For (e.g., beginners, experienced traders)
Long term and active traders
Only experienced
Deposit & Withdrawal Options
Deposit Methods
ACH, Wire Transfer, Check deposit
International bank transfers Debit & credit cards (Mastercard, visa) Internet / local banking Paypal (in specific regions)
Withdrawal Methods
ACH, Wire Transfer, Check deposit
Bank transfer Local banking E wallet Crypto payments Credit / Debit cards
Other E-Wallets Supported
No
Skrill Neteller Paypal
Tools & Educational Resources
Economic Calendar
Yes
Yes
Tools & Educational Resources (tutorials, webinars, market news, etc.)
Insights and Education, Trading, Market Commentary, Planning and retirement, Media
Autochartist Trading Central MT4 Forex VPS Hosting Trading news & guides Trading calculators Trade on Economic Calendar guides
Fees & Commissions
Trading-Related Fees
Commission -$0 online stock, ETF, and options trade, Commission is $75 - $50 fee + $25 assistance fees, broker-assisted trades- $25 service fee
Commission- 0% on share CFD trades
Spread (typical, fixed, variable)
Variable
Variable
Per Lot Fees
NA
$3.5 per lot
Options Contract Fees
$0.65
NA
Futures Contract Fees
$2.25 per contract.
NA
Markup Fees on Spread
NA
NA
Guaranteed Stop Loss Fees
NA
NA
Maximum Leverage
No
1:1000
Non-Trading Fees
Dormant Fees
$0
Inactivity fees varies for no activity more than 12 months
Subscription Fees (for premium features, data feeds)
$0
$0
Advisory Fees
Schwab Wealth Advisory- Starts at 0.80%- 1.0%
$0
Swap Fees (Overnight Financing)
Yes
Yes
Statement or Document Fee
NA
$0
Account Opening Fee
$0
$0
Account Maintenance Fee
$0
$0
Deposit Fee
$0
Bank transfers - No fees Card payments - 3.0% (for more than $50,000) Other methods - 3.0% (for more than $50,000)
Currency Conversion Fee
$0
NA
Withdrawal Fee
$0
Free above $50. Or administration fee of $25 apply.
Bonuses, Promotions & Benefits
Bonuses, Promotions, and Referrals
Yes
Yes
Customer Benefits (e.g., Retirement Plan)
Yes
Yes
Trading Hours
Trading Hours (for each asset class if applicable)
Regular Trading Session: 9:30 AM to 4:00 PM Eastern Time (ET), Pre-Market Session: between 8:05 AM ET, After-Hours Session: 7:00 AM to 9:25 AM ET
Trading forex & CFDs follows MT4 server time (GMT+2) Monday 00:01 to Friday 23:59
Customer Support
Support Hours (e.g., 24/7, weekdays only)
24/7
24 hours (Tuesday to Friday) On Mondays, service commence at 9am AEST
Customer Support Methods (phone, email, live chat)
Phone: 800-435-4000, Chat, FAQs
Help Center Live chat Email: mailto:[email protected] Toll-free: UK - 0800 018 3306 Australia - 1300 888 936 Germany - 0800 7244085
Support Languages
2
13+
Additional Information
Headquarters Location
Westlake, Texas
Suite 305, Griffith Corporate Centre, PO Box 1510, Beachmont Kingstown, St Vincent and the Grenadines
Complaints (for crypto brokers)
No
No
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