Charles Schwabvs
FXTMStock Broker Comparison
Two brokers sit on opposite ends of the investing spectrum: a legacy, commission-free US trader versus a regulation-forward CFD-focused platform. The tension centers on cost, access, and research depth.
Who should choose Charles Schwab vs FXTM?
Find out which stock broker best suits your investing profile.
Choose if…
Choose Charles Schwab if you want commission-free trading and access to fractional shares.
Choose if…
Choose FXTM if you want regulated share CFDs and MT4/MT5 trading.
Verdict by Trader Profile
Which broker wins for each type of stock trader, based on costs, safety, features, and editorial scoring.
Best for low cost trading
Recommended
Charles Schwab vs FXTM: Side-by-Side Stock Broker Comparison
 |  | |
|---|---|---|
| Editorial score | 4.6/ 5 | 3.7/ 5 |
| Min deposit | N/A | No minimum |
| Spreads from | N/A | 1.5 pips |
| Commission / lot | N/A | N/A |
| Inactivity fee | None | None |
| Deposit fee | Free |
Charles Schwab vs FXTM Stock Broker Pros & Cons
Pros
- Commission-free US stock and ETF trading with no account minimum
- thinkorswim, most powerful retail trading platform available at zero cost
- Fractional shares (Schwab Slices) from $5 for any S&P 500 company
- Broadest research stack in US retail (Morningstar, Argus, CFRA, proprietary)
- Regulated by SEC and FINRA; $9 trillion in client assets
- Schwab Intelligent Portfolios robo-adviser with no management fee
Charles Schwab vs FXTM: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
7
Charles Schwab
criteria wins
2
FXTM
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | Charles Schwab | FXTM |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, SEC, etc.) | Pass | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Fail | Pass |
| Compensation scheme (e.g. FSCS, SIPC) | Fail | Pass |
| Costs | ||
| Commission-free trading | Pass | Fail |
| No deposit fee | Pass | — |
| Features | ||
| Fractional shares | Pass | Fail |
| Dividend reinvestment (DRIP) | Pass | Fail |
| Extended hours trading | Pass | Fail |
| IPO access | Pass | Fail |
| Short selling | Pass | Pass |
| Stock screener tool | Pass | Fail |
| Support | ||
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Pass |
| 24/5 live chat | Pass | Fail |
| Phone support | Pass | Pass |
Charles Schwab vs FXTM: Frequently Asked Questions
Charles Schwab rates 4.6/5 versus 3.7/5 for FXTM. Charles Schwab edges ahead on our composite score, though both brokers meet a reasonable standard for most traders.
FXTM starts from 1.5. Current spread data is not available for Charles Schwab. Check both brokers' websites for up-to-date spread and commission pricing.
FXTM requires no minimum deposit required. Minimum deposit information is not currently available for Charles Schwab.
Both Charles Schwab and FXTM hold licences from top-tier regulators, indicating a high standard of regulatory oversight. Check each broker's specific regulatory bodies to confirm coverage in your jurisdiction.
For beginners, FXTM provides negative balance protection, capping losses at your deposit amount. Also compare demo account availability and educational resources on each broker's site before deciding.
Charles Schwab lists maximum leverage of 1:4, while FXTM lists up to 20:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
Charles Schwab supports thinkorswim, Proprietary Web/Mobile, while FXTM supports MetaTrader 5, MetaTrader 4. Charles Schwab has exclusive access to thinkorswim and Proprietary Web/Mobile. FXTM has exclusive access to MetaTrader 5 and MetaTrader 4.
Charles Schwab offers commission-free stock trading while FXTM does not according to our data. Commission-free trading can reduce costs for frequent traders. Always confirm the current fee structure directly on each broker's website.
FXTM scores higher on investor protection criteria, with compensation scheme coverage and segregated client funds. For stock investors, confirming compensation scheme coverage ensures your assets are protected up to a defined limit if the broker becomes insolvent.
