Charles Schwab
FxPro
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Overview
Charles Schwab was founded in 2010 and is headquartered in United States, while FxPro was established in 2006 and is based in UK. Charles Schwab holds licences including Commodity Futures Trading Commission (CFTC), while FxPro is regulated by Financial Conduct Authority (FCA) among others. Charles Schwab serves 10,000+ clients worldwide; FxPro has 10,000+. The minimum deposit is $25 at Charles Schwab and $100 at FxPro.
| Feature | Charles Schwab | FxPro |
|---|---|---|
| Min. Deposit | $25 | $100 |
| Regulation | Commodity Futures Trading Commission (CFTC) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of The Bahamas (SCB), Dubai Financial Services Authority (DFSA) |
| Founded | 2010 | 2006 |
| Country | United States | UK |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Charles Schwab and FxPro, directly affecting your bottom line as a trader. FxPro has a lower barrier to entry with a minimum deposit of $100 (vs $25 at Charles Schwab). Charles Schwab charges withdrawal fees while FxPro does not, a notable advantage for frequent withdrawers. Both brokers charge inactivity fees on dormant accounts, worth noting if you trade infrequently. Overall, Charles Schwab scores higher on fees in our assessment.
| Feature | Charles Schwab | FxPro |
|---|---|---|
| Min. Deposit | $25 | $100 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | Yes |
Platforms
Charles Schwab offers MT4, MT5, cTrader, while FxPro supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Both brokers support copy or social trading, catering to less hands-on investors. The two brokers are closely matched on platform offering.
| Feature | Charles Schwab | FxPro |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Android,WEB,Desktop,iPhone,Mac | MT4, MT5, cTrader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Charles Schwab and FxPro compare. FxPro runs regular live webinars; Charles Schwab does not. Both provide video tutorials. FxPro publishes daily market commentary; Charles Schwab does not. Both integrate third-party research tools. FxPro maintains an archive of past webinars for on-demand viewing. FxPro scores higher overall in education and research.
| Feature | Charles Schwab | FxPro |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Charles Schwab accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while FxPro supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). FxPro uniquely supports PayPal and Skrill and Neteller among the two brokers. FxPro scores higher on deposit and withdrawal flexibility.
| Feature | Charles Schwab | FxPro |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| Skrill | No | Yes |
| Neteller | No | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Charles Schwab and FxPro offer live chat support. Both provide phone support. Email support is available at both brokers. Charles Schwab supports 2 languages and FxPro supports 15, giving FxPro broader global reach. Both brokers are comparable on support quality.
| Feature | Charles Schwab | FxPro |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | Arabic, Chinese, English, French, German, Hungarian, Indonesian, Italian, Japanese, Korean, Polish, Portuguese, Russian, Spanish, and Vietnamese |