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
4.8
4.2
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
  • Product selection covers only the US market
  • Not well-structured educational platform
  • Limited product portfolio
  • Poor mobile platform
  • Poor website trading platform
fees
4.4
  • Low non-trading fees
  • Free stock and ETF trading
  • Some mutual funds and bonds are free
  • High fees for non-free mutual funds
3.8
  • Low trading fees
  • No withdrawal fee
  • High AUDUSD trading fee
account opening
4.5
  • Fast
  • Fully digital
  • No minimum deposit
  • For non-US clients $25,000 minimum deposit
4.4
  • Fully digital
  • Low minimum deposit
  • User-friendly
  • Account opening time 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
  • Free withdrawal
  • No deposit fee
  • Slow withdrawal - over 3 days
web trading platform
4.2
  • User-friendly
  • Clear fee report
  • Price alerts
  • Limited customizability (for charts, workspace)
2.5
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • Not user-friendly
  • No two-step (safer) login
  • Poor search function
mobile trading platform
4.2
  • User-friendly
  • Touch/Face ID login
  • Order confirmation
  • No price alerts
1.0
  • Good variety of order types
  • Order confirmation
  • Not user-friendly
  • No two-step (safer) login
  • Poor search function
desktop trading platform
4.0
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • Only for Windows
3.0
  • 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
1.4
  • 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
4.5
  • 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
  • Banking background
  • Negative balance 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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