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Charles Schwab vs Global Prime : Fees, Safety & Trading Conditions Compared (2026)
Broker Name
Charles Schwab
Global Prime
Broker Overview
Broker Type (e.g., Market Maker, ECN/STP)
STP broker
Market maker broker
Years of Existence / Established Year
1971
2010
Customer Base / Number of Accounts
No information
No information
Regulation & Security
Regulations (governing bodies)
NFA, SFC, MAS, FCA, CFTC, CIRO
ASIC and VFSC
Awards Won (count for the last 2 years)
Best Online Broker 2024, Best customer Service
No major awards listed
Security Measures
SIPC
No compensation scheme
SSL Encryption / 2FA
Yes
No
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
150+ Financial assets
Currency Pairs
Yes
Yes
Commodities
No
Yes
Indices
No
Yes
Cryptocurrencies
Yes
Yes
CFDs
No
Yes
ETFs
Yes
No
Stocks
Yes
No
Options
Yes
No
Futures
Yes
No
Bonds
No
Yes
Mutual Funds
Yes
No
Fractional Shares
Exchange Traded Notes (ETNs)
Yes
No
Precious Metals
Yes
No
Real Estate Investment Trusts (REITs)
No
No
Equities
Yes
No
Trading Platforms & Technology
Trading Platform Availability
Yes
Yes
MT4
No
Yes
MT5
No
No
cTrader
No
No
Social Trading
No
Copy Trading
No
No
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
No
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 and Raw account
Demo Account (Yes/No)
Yes
Yes
Islamic Accounts (Yes/No)
No
No
Minimum Deposit
$0
$0
Leverage Available
No
1:5 to 1:500
Trade Limit (maximum per trade)
Depends on order and trading session
1000 lots
Commission (per account type)
$0
Standard: $0, Raw account: $3.5 per lot
Best Suited For (e.g., beginners, experienced traders)
Long term and active traders
Beginner traders
Deposit & Withdrawal Options
Deposit Methods
ACH, Wire Transfer, Check deposit
Visa, Mastercard, Crypto, Bpay, Bank wire, QR code, Astro pay, Interac,PayID, e-wallets
Withdrawal Methods
ACH, Wire Transfer, Check deposit
Visa, Mastercard, Crypto, Bpay, Bank wire, QR code, Astro pay, Interac,PayID, e-wallets
Other E-Wallets Supported
No
PayPal, Neteller, Skrill, GATE8, Dragon Pay, VN Pay, FasaPay, Pagsmile, Jeton, Mifinity, XPay, Perfect money
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
Trading Education, Market Analysis, Webinars, Trading Guides, Video Tutorials, Podcast Market Insights, Blog Trading News and Analysis
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
Crypto: 0.1%, indices, Bonds, and Commodities (excl. Metals): $0, Commission: AUD $7, USD $7, EUR € 6.20, GBP £5.4, SGD $9.50, CAD $9, Standard: 0.9 pips, raw : $3.5
Spread (typical, fixed, variable)
Variable
Variable
Per Lot Fees
NA
$3.50
Options Contract Fees
$0.65
NA
Futures Contract Fees
$2.25 per contract.
NA
Markup Fees on Spread
NA
$0
Guaranteed Stop Loss Fees
NA
NA
Maximum Leverage
No
1:500
Non-Trading Fees
Dormant Fees
$0
$0
Subscription Fees (for premium features, data feeds)
$0
$0
Advisory Fees
Schwab Wealth Advisory- Starts at 0.80%- 1.0%
NA
Swap Fees (Overnight Financing)
Yes
Yes
Statement or Document Fee
NA
NA
Account Opening Fee
$0
NA
Account Maintenance Fee
$0
NA
Deposit Fee
$0
$0
Currency Conversion Fee
$0
$20-$30
Withdrawal Fee
$0
International bank transfer: $20-$30
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
24 hours a day, 5 days a week. 5 PM New York on Sunday through to 5 PM New York on Friday
Customer Support
Support Hours (e.g., 24/7, weekdays only)
24/7
24/7
Customer Support Methods (phone, email, live chat)
Phone: 800-435-4000, Chat, FAQs
Phone: +61 (2) 8379 3622, E-mail: [email protected], Live chat
Support Languages
2
14+
Additional Information
Headquarters Location
Westlake, Texas
FMGP Trading Group Pty Ltd Level 10, 627 Chapel St, South Yarra 3141 Australia
Complaints (for crypto brokers)
No
No
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