Charles Schwab Review 2021

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
BonusNone
InstrumentsCrypto, Stocks, Futures, Options
Demo Account
Min. Deposit$1
Min. Trade1
Regulated BySEC, 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.

SpreadFloating
CoinsGBTC, 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