Charles Schwab is not scam
The reason: Charles Schwab is considered reliable as it has multiple top-tier regulation globally, such as the US SEC or the MAS in Singapore.
See below the full list of regulators (country of clients - regulatory body):
- USA and clients except for Hong Kong, Singapore - Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA)
- Clients opening futures account - Commodity Futures Trading Commission (CFTC)
- UK - Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA)
- Hong Kong - Hong Kong Securities and Futures Commission (SFC)
- Singapore - Monetary Authority of Singapore (MAS)
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Is Charles Schwab scam?
Other factors ensuring that Charles Schwab is not a scam
See whether Charles Schwab clients are entitled to investor protection in the event that Charles Schwab goes bankrupt:
| Charles Schwab investor protection | |
|---|---|
| Investor protection amount: | $500,000 (securities up to $500,000, cash up to $250,000) |
There are other factors you can check to make sure Charles Schwab is not a scam. Having been on the market for a long time or being listed on an exchange are all signs that the broker is reliable. Check these factors below.
| 🌎 Country of origin | USA |
| 📅 Foundation date | 1,971 |
| 🏛 Banking background | Yes |
| 📈 Listed on exchange | Yes |
| 🗺️ Broker ownership is transparent | Yes |
| 👔 Broker management is transparent | Yes |
| 📋 Read more | Check out the Charles Schwab review for 2023 |
Is Charles Schwab scam?
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