Compare Charles Schwab vs FXCM


Online brokers compared for fees, trading platforms, safety and more. See how Charles Schwab stacks up against FXCM!

Charles Schwab vs FXCM
overall rating
4.9
4.4
overall pros
  • Free stock and ETF trading
  • Outstanding research
  • Great customer service
  • Fast and straightforward account opening
  • Good technical research tools
  • High-quality educational content
overall cons
  • High fees for some mutual funds
  • Only US/Canada markets available
  • Poorly-structured educational platform
  • Limited product portfolio
  • High bank withdrawal fees
  • No two-step authentication on trading platforms
fees
4.4
  • Free stock/ETF trading
  • Some mutual funds and bonds are free
  • Low non-trading fees
  • High fees for non-free mutual funds
3.7
  • Low trading fees
  • Low CFD fees
  • Inactivity fee after one year
account opening
4.5
  • Fast
  • Fully digital
  • No minimum deposit
  • $25,000 minimum deposit for non-US clients
4.4
  • Fully digital
  • Low minimum deposit
  • User-friendly
  • Slower than at most forex brokers
deposit and withdrawal
2.2
  • No deposit fee
  • User-friendly
  • High fee for wire (bank transfer) withdrawals
4.0
  • Credit/Debit card available
  • No deposit fee
  • Free credit/debit card withdrawal
  • High bank withdrawal fees
  • No minor account base currencies are accepted
web trading platform
4.3
  • User-friendly
  • Clear fee report
  • Price alerts
  • Limited customizability (for charts, workspace)
3.3
  • Good search function
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • No two-step (safer) login
  • No price alerts
mobile trading platform
4.2
  • User-friendly
  • Touch/Face ID login
  • Order confirmation
  • No price alerts
3.0
  • User-friendly
  • Good variety of order types
  • Order confirmation
  • No two-step (safer) login
  • Poor search function
  • No price alerts
desktop trading platform
4.0
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • Only for Windows
3.3
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • No two-step (safer) login
  • No price alerts
markets and products
3.3
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
  • Futures
1.6
  • Forex
  • CFD
  • Crypto
research
4.3
  • Good interactive chart
  • Data on asset fundamentals
  • Trading ideas for stocks and ETFs
  • Hard to navigate among research tools
4.3
  • Good interactive chart
  • Trading ideas
  • Quality news flow
  • No fundamental data available
customer service
4.5
  • Phone support
  • Live chat
  • Fast response time
  • No email support
4.5
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
education
3.0
  • Trading platform tutorial
  • Educational videos
  • No demo account
  • Not well-structured
5.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • Banking background
  • No negative balance protection
  • Majority of clients belong to a top-tier financial authority
  • Parent company is listed on stock exchange
  • Negative balance protection in the EU
  • Non-EU customers are not covered by negative balance or investor protection
recommended for Investors and traders looking for solid research, low fees and great customer service Forex traders looking for easy account opening, funding and withdrawal
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