Charles Schwab is a large US investment broker offering a massive range of stocks, ETFs and equity derivatives in a variety of savings and investment accounts
Charles Schwab is a large US investment broker offering a massive range of stocks, ETFs and equity derivatives in a variety of savings and investment accounts
Charles Schwab is broker that provides access to Cryptocurrency, Stocks, Futures and Options. Surprisingly, Charles Schwab does not support either of the enormously popular MetaTrader platforms (4 and 5).
In terms of features offered to traders, Charles Schwab has Demo Accounts and Auto Trading but is missing Islamic Accounts, Social Trading and Signals.
Charles Schwab also gives traders access to 2 cryptocurrencies: GBTC and BITW.
Careful traders will be reassured knowing that Charles Schwab is licensed to offer trading services by several regulators, 3 in fact. Note, however, that the FCA here in the UK is not among the list of overseeing regulators. Careful traders might want the extra safety of going with an FCA-regulated broker.
Charles Schwab Summary
Charles Schwab is a large US investment broker offering a massive range of stocks, ETFs and equity derivatives in a variety of savings and investment accounts
Ratings
50%
Trust
66%
Instruments
28%
Features
Bonus
None
Instruments
Crypto, Stocks, Futures, Options
Demo Account
✓
Min. Deposit
$1
Min. Trade
1
Regulated By
SEC, FINRA, FCA1
MetaTrader 4
✗
MetaTrader 5
✗
cTrader
✗
DMA Account
✗
ECN Account
✗
Mobile Apps
iOS & Android
Auto Trading
✓
Trade Signals
✗
Social Trading
✗
Copy Trading
✗
Islamic Account
✗
Cryptocurrency Trading
Charles Schwab supports indirect crypto trading through digital coin trusts and crypto-related stocks.
Spread
Floating
Coins
GBTC, BITW
Payment Methods
Charles Schwab accepts the following payment methods:
Wire Transfer
ACH Transfer
Risk Warning – Your capital is at risk
FAQ
Is Charles Schwab Safe?
Yes, most likely, as we gave Charles Schwab a trust score of 50% in our review. The main negative factor in this score is that Charles Schwab is not FCA regulated. However, very careful traders might want to find an alternative in our top list of UK brokers.
Does Charles Schwab Accept PayPal?
No, Charles Schwab does not accept PayPal payments.
Is Charles Schwab Halal?
Probably not, as Charles Schwab does not offer an Islamic trading account as far as we know. For alternatives, please see the list of halal brokers.
Is Charles Schwab Regulated?
Yes, Charles Schwab is regulated by 3 different regulators: SEC, FINRA and FCA1.
The fact that Charles Schwab is not regulated by our own FCA will be a concern to the most careful traders. See our list of FCA regulated brokers for alternatives.
Charles Schwab vs Other Brokers
If you want to compare Charles Schwab with other brokers, use the detailed comparisons below.
Charles Schwab vs
Charles Schwab is a large US investment broker offering a massive range of stocks, ETFs and equity derivatives in a variety of savings and investment accounts
Charles Schwab is a large US investment broker offering a massive range of stocks, ETFs and equity derivatives in a variety of savings and investment accounts
