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Charles Schwab vs Forex.com : Fees, Safety & Trading Conditions Compared (2026)
Broker Name
Charles Schwab
Forex.com
Broker Overview
Broker Type (e.g., Market Maker, ECN/STP)
STP broker
Market maker
Years of Existence / Established Year
1971
2001
Customer Base / Number of Accounts
No information
454k + Customers
Regulation & Security
Regulations (governing bodies)
NFA, SFC, MAS, FCA, CFTC, CIRO
CIRO, FSA, MAS, CySEC, NFA, CFTC, CIMA, FCA, ASIC
Awards Won (count for the last 2 years)
Best Online Broker 2024, Best customer Service
Best HNW Service, Best Broker for CFDs, Best in Class Overall Best in Class Mobile Trading Apps Best in Class Offering of Investments Best New Tool Performance Analytics
Security Measures
SIPC
FSCS
SSL Encryption / 2FA
Yes
Yes
Segregated Funds
Yes
Yes
Negative Balance Protection
No
No
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
5, 500+ Stocks
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
No
Trading Platforms & Technology
Trading Platform Availability
Yes
Yes
MT4
No
Yes
MT5
No
Yes
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
Forex.com Proprietary 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, Raw spread, MetaTrader account
Demo Account (Yes/No)
Yes
Yes
Islamic Accounts (Yes/No)
No
No
Minimum Deposit
$0
$100
Leverage Available
No
50:1
Trade Limit (maximum per trade)
Depends on order and trading session
No information
Commission (per account type)
$0
Raw account - $7 per 100k USD traded
Best Suited For (e.g., beginners, experienced traders)
Long term and active traders
Beginners to experienced traders
Deposit & Withdrawal Options
Deposit Methods
ACH, Wire Transfer, Check deposit
Credit/ debit card, bank wire
Withdrawal Methods
ACH, Wire Transfer, Check deposit
Credit/ debit card, bank wire
Other E-Wallets Supported
No
Neteller, skrill
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
Forex Trading University, Market Analysis and Insights, Webinars, Video Tutorials, Trading Guides and eBooks, Market News and Research
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: Fixed $7 USD per $100k USD traded
Spread (typical, fixed, variable)
Variable
Variable
Per Lot Fees
NA
NA
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
50:1
Non-Trading Fees
Dormant Fees
$0
$15 inactive for 12 months
Subscription Fees (for premium features, data feeds)
$0
$5
Advisory Fees
Schwab Wealth Advisory- Starts at 0.80%- 1.0%
$30
Swap Fees (Overnight Financing)
Yes
Yes
Statement or Document Fee
NA
NA
Account Opening Fee
$0
$0
Account Maintenance Fee
$0
NA
Deposit Fee
$0
$0
Currency Conversion Fee
$0
0.50%
Withdrawal Fee
$0
Free for bank transfers and debit cards, US: $25, International: $40, except over $10,000
Bonuses, Promotions & Benefits
Bonuses, Promotions, and Referrals
Yes
Yes
Customer Benefits (e.g., Retirement Plan)
Yes
No
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
Depends on the instrument offer
Customer Support
Support Hours (e.g., 24/7, weekdays only)
24/7
24/5
Customer Support Methods (phone, email, live chat)
Phone: 800-435-4000, Chat, FAQs
Live chat: https://www.forex.com/en/contact-forex-com, Phone New accounts: Tollfree: 1-877-367-3946, International: 1-908-731-0750 Existing customers: Tollfree: 1-877-367-3946,Email New accounts: [email protected] Existing customers & inquiries: [email protected] International: 1-908-731-0750
Support Languages
2
5
Additional Information
Headquarters Location
Westlake, Texas
30 Independence Blvd Suite 300, 3rd Floor, Warren, New Jersey 07059, US.
Complaints (for crypto brokers)
No
No
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