Written by ForexBrokers.com
In this head to head comparison of Charles Schwab vs FxPro, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
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Charles Schwab, established in 1971, stands out as a highly trusted online broker with a stellar Trust Score of 99 according to ForexBrokers.com. This places it in the top tier of reliability, making it an excellent choice for investors who prioritize security. Schwab is not only a publicly traded entity but also operates as a bank, further enhancing its credibility. The broker holds five Tier-1 licenses, which are regarded as highly trusted, although it does not hold any Tier-2 licenses. These features collectively underscore Schwab’s solid foundation and track record in the financial sector.
Founded in 2006, FxPro provides a trusted online trading experience with a noteworthy Trust Score of 93. Although not publicly traded, FxPro also functions as a bank, offering a stable environment for financial transactions. The broker is recognized for its regulatory compliance, holding two Tier-1 licenses and one Tier-2 license, which speaks to its commitment to maintaining trust in the industry. While FxPro may not have the same volume of high-level licensing as Schwab, it remains a strong contender, especially for those seeking a well-rounded, reliable trading platform.
| Feature |
Charles Schwab
|
FxPro
|
|---|---|---|
| Year Founded | 1971 | 2006 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | Yes |
| Tier-1 Licenses | 5 | 2 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 2 |
Charles Schwab and FxPro are both rated 4 stars for commissions and fees, but Schwab ranks higher overall in this category at #23 out of 36 brokers, while FxPro sits at #29 out of 36. For forex trading, Schwab does not charge a direct commission; instead, costs come from the spread, and its average EUR/USD spread of 1.35 pips in October 2024 was on the higher side of the industry. Schwab’s low entry point is appealing, since its main brokerage accounts have no minimum deposit, but forex trades must be placed in U.S. dollars, and the smallest trade size is 10,000 units.
FxPro’s pricing is also above average, and its costs can depend on the platform and order type you choose. On cTrader, FxPro uses commission-based pricing, with an effective EUR/USD cost of about 1.27 pips after factoring in the spread and commission. On MT4 and MT5, variable spreads are higher, with EUR/USD pricing around 1.51 to 1.71 pips depending on execution type. FxPro also offers a fixed-spread option on MT4 and an Active Trader program with discounts of up to 30%, though its overall fee structure still trails some lower-cost rivals.
In simple terms, Schwab may be a better fit for traders who want no-commission forex trading and a wide range of account choices, while FxPro gives more platform-based pricing options but can cost more overall. Schwab is better ranked in the commissions and fees category, but both brokers land in the same 4-star range.
| Feature |
Charles Schwab
|
FxPro
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average spread (EUR/USD) - Standard account | 1.27 | 1.6 |
| All-in Cost EUR/USD - Active | 1.27 | 1.3 |
| Non-wire bank transfer | Yes | Yes |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Charles Schwab offers a wider range of investments than FxPro overall, with about 40,000 tradeable symbols compared with FxPro’s 2,249. Schwab also lists more forex pairs, with 73 versus 70 at FxPro. Both brokers support forex trading and cryptocurrency CFDs, but neither lets you buy actual, delivered crypto. For stock investors, Charles Schwab stands out because it offers exchange-traded securities on U.S. exchanges as well as international exchanges, while FxPro only offers international exchange-traded securities.
FxPro does have a few features Schwab does not, including copy trading. Still, when it comes to the breadth of available markets, Charles Schwab comes out ahead. That stronger selection is reflected in its 5-star Range of Investments rating and #5 ranking out of 36 brokers at ForexBrokers.com, compared with FxPro’s 4-star rating and #24 ranking.
| Feature |
Charles Schwab
|
FxPro
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 40000 | 2249 |
| Forex Pairs (Total) | 73 | 70 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | Yes |
| Copy Trading | No | Yes |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
Charles Schwab and FxPro both give traders plenty of ways to test and use their platforms, including free paper trading, proprietary platforms, desktop downloads for Windows, and web-based trading. Each broker also lets users trade directly from charts, which can make order entry faster and easier. In platform quality, Charles Schwab has the edge, with a 5-star rating for Trading Platforms and Tools and a ForexBrokers.com ranking of #7 out of 36 brokers, compared with FxPro’s 4-star rating and #18 ranking.
Where FxPro stands out is in extra trading features. FxPro supports copy trading, MetaTrader 4, and MetaTrader 5, while Charles Schwab does not offer those options. For traders who want access to MetaTrader or social-style trading tools, FxPro may be the better fit. For those who prefer a highly rated in-house platform with strong chart trading and easy access through web and desktop, Charles Schwab is the stronger choice.
| Feature |
Charles Schwab
|
FxPro
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| Charting - Indicators / Studies (Total) | 374 | 53 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Charles Schwab and FxPro both make it easy to trade on the go, with iPhone and Android apps, price alerts, and watchlist syncing between mobile and online accounts. Each app also lets users draw trendlines on charts, and those drawings are saved automatically. For everyday mobile trading features, both brokers cover the basics well and give traders a smooth way to stay connected to the market.
Where Charles Schwab stands out is charting. Its mobile app offers 374 technical studies, compared with 65 at FxPro, which may matter more to active traders who rely on deeper chart analysis. This edge shows in ratings too: Charles Schwab earns 5 stars for mobile trading apps and ranks #6 out of 36 brokers on ForexBrokers.com, while FxPro scores 4.5 stars and ranks #15. If you want the stronger mobile charting experience, Charles Schwab has the advantage.
| Feature |
Charles Schwab
|
FxPro
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 374 | 65 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Charles Schwab and FxPro both give traders useful market research features, including daily market commentary, news from top-tier sources like Bloomberg, Reuters, and Dow Jones, plus an economic calendar for tracking global events. However, FxPro has an edge in a few key areas because it offers Trading Central tools and a sentiment-based trading tool, while Charles Schwab does not offer either of these research options.
Neither broker includes Autochartist, TipRanks, or Acuity Trading research tools. Overall, Charles Schwab comes out ahead for research, earning 5 stars and a #5 ranking out of 36 brokers from ForexBrokers.com, compared with FxPro’s 4 stars and #23 ranking. For traders who want more built-in research support, Charles Schwab has the stronger market research offering, while FxPro still provides a solid set of everyday research resources.
| Feature |
Charles Schwab
|
FxPro
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central | No | Yes |
| Client sentiment data | No | Yes |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to beginner-friendly learning tools, Charles Schwab stands out over FxPro. Schwab offers forex and CFDs education, runs online educational webinars at least once a month, and provides 10 or more beginner videos as well as 10 or more advanced videos for more experienced traders. That depth of content helps new traders build a stronger base and gives them room to keep learning as they gain experience. Schwab also earns a top 5-star Education rating and ranks #6 out of 36 brokers in ForexBrokers.com’s Education category.
FxPro also gives beginners access to at least 10 educational videos on trading basics, but it falls behind Charles Schwab in several key areas. It does not offer monthly educational webinars, and it does not meet the standard for 10 or more advanced educational videos or forex/CFD education at the same level. FxPro receives a 4-star Education rating and ranks #17 out of 36, making it a decent option for starter education, but not as complete as Schwab for traders who want a wider range of learning resources.
| Feature |
Charles Schwab
|
FxPro
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Charles Schwab is better than FxPro. Charles Schwab finished with an overall rank of #6, while FxPro finished with an overall rank of #20.
Charles Schwab is a highly trusted financial institution and multi-asset broker catering to U.S.-based and international forex traders. Schwab's award-winning thinkorswim platform offers over 70 tradeable currency pairs alongside impressive tools, research, and education. That said, the broker’s forex offering is still largely limited to what is available on thinkorswim.
| Feature |
Charles Schwab
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FxPro
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 93 |
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Charles Schwab vs. FxPro: neither broker lets you buy actual delivered cryptocurrency, but both support trading cryptocurrency CFDs.
Both Charles Schwab and FxPro support ACH/SEPA and bank wire transfers for deposits and withdrawals, but FxPro also supports PayPal and Skrill, which Charles Schwab does not.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | Charles Schwab | FxPro | |
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| Trust Score | 99 | 93 | |
| Winner | check_circle | ||
| Review | Charles Schwab Review | FxPro Review |
| Broker Screenshots | Charles Schwab | FxPro | |
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| Regulation | Charles Schwab | FxPro | |
|---|---|---|---|
| Trust Score | 99 | 93 | |
| Year Founded | 1971 | 2006 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 5 | 2 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 2 |
| Tier-1 Licenses (Highly Trusted) | Charles Schwab | FxPro | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | Yes | No | |
| Japan (FSA Authorised) | No | ||
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | Yes | No | |
| New Zealand (FMA Authorised) | No | ||
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes |
| Tier-2 Licenses (Trusted) | Charles Schwab | FxPro | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | ||
| Israel (ISA Authorised) | No | ||
| South Africa (FSCA Authorised) | Yes | ||
| UAE (DFSA, FSRA, or CMA Authorised) | No | ||
| India (SEBI Authorised) | No | ||
| Jordan (JSC Authorised) |
| Investments | Charles Schwab | FxPro | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 40000 | 2249 | |
| Forex Pairs (Total) | 73 | 70 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | Yes | |
| Copy Trading | No | Yes | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | Charles Schwab | FxPro | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.27 | 1.6 | |
| All-in Cost EUR/USD - Active | 1.27 | 1.3 | |
| Inactivity Fee | No | Yes | |
| Order execution: Agency | Yes | Yes | |
| Order execution: Market Maker | No | Yes |
| Funding | Charles Schwab | FxPro | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | Yes | Yes |
| Trading Platforms | Charles Schwab | FxPro | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | Yes |
| Trading Tools | Charles Schwab | FxPro | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 374 | 53 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Charles Schwab | FxPro | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 374 | 65 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Charles Schwab | FxPro | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central | No | Yes | |
| TipRanks | No | No | |
| Client sentiment data | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Charles Schwab | FxPro | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | Charles Schwab | FxPro | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | Charles Schwab Review | FxPro Review |
| Overall | Charles Schwab | FxPro | |
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| Trust Score | 99 | 93 | |
| Winner | check_circle | ||
| Review | Charles Schwab Review | FxPro Review |
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