Written by ForexBrokers.com
In this head to head comparison of Charles Schwab vs DooPrime, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Charles Schwab, founded in 1971, stands as a highly trusted online broker with a top-tier ForexBrokers.com Trust Score of 99 out of 99. As a publicly traded company and a recognized bank, Charles Schwab holds 5 Tier-1 licenses, signaling its strong regulatory standing in the financial industry. On the other hand, DooPrime, established in 2014, offers trust with a ForexBrokers.com Trust Score of 83. Although not publicly traded and not a bank, DooPrime still maintains a solid regulatory framework with 4 Tier-1 licenses.
Both brokers are supported by their regulatory clearances, with Charles Schwab demonstrating a longer history and broader recognition as a financial institution, while DooPrime provides a reliable option for those seeking a trusted online brokerage. Neither company holds Tier-2 licenses, focusing instead on their stronger Tier-1 regulatory assurances.
| Feature |
Charles Schwab
|
DooPrime
|
|---|---|---|
| Year Founded | 1971 | 2014 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 5 | 4 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 3 |
Charles Schwab earns 4 out of 5 stars for commissions and fees and ranks #26 out of 63 brokers at ForexBrokers.com, while DooPrime holds 3 out of 5 stars and ranks #60. Schwab charges no commission on forex; your cost comes from the bid/ask spread and any overnight financing. In October 2024, Schwab’s average EUR/USD spread was about 1.35 pips, which is on the higher end of industry averages. The thinkorswim platform also displays overnight carry charges so you can estimate holding costs in advance.
Schwab keeps entry simple: there’s no account minimum, and forex trades on the Schwab One account settle in U.S. dollars. The smallest trade size is 10,000 units (about $500 in margin at 20:1 leverage). With Schwab One you can trade international securities in USD; to place trades in a local currency you must call Schwab. If you want direct access to local markets, the Schwab Global account supports 12 markets in their native currencies, with currency conversion fees generally ranging from 0.2% to 1% depending on your balance.
For DooPrime, average spread data was not available in this review, making side‑by‑side cost comparisons less precise. If you’re considering DooPrime, check live spreads, rollover rates, and any funding or conversion fees on its platform. Bottom line: Schwab provides clear, commission‑free forex pricing with published spread context (4/5 stars, #26), while DooPrime’s lower ranking and lack of published average spreads (3/5 stars, #60) mean you may need to do more homework to gauge total trading costs.
| Feature |
Charles Schwab
|
DooPrime
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average spread (EUR/USD) - Standard account | 1.32 | N/A |
| All-in Cost EUR/USD - Active | 1.32 | N/A |
| Non-wire bank transfer | Yes | No |
| PayPal (Deposit/Withdraw) | No | |
| Skrill (Deposit/Withdraw) | No | |
| Bank Wire (Deposit/Withdraw) | Yes |
Dive deeper: Best Low Spread Forex Brokers.
In the Charles Schwab vs DooPrime comparison for range of investments, Charles Schwab offers about 40,000 tradeable symbols and 73 forex pairs, while DooPrime lists around 10,000 symbols and 60 forex pairs. Both support forex trading as CFDs or spot contracts, and both let you buy exchange-traded securities on U.S. markets as well as international exchanges (think Apple in the U.S. and Vodafone in London).
Key differences: DooPrime includes copy trading, but Charles Schwab does not. If you’re looking at crypto, neither broker lets you buy actual coins; however, Schwab offers cryptocurrency CFDs while DooPrime does not. Both earn 5 out of 5 stars for Range of Investments from ForexBrokers.com, with Schwab ranked #5 of 63 brokers and DooPrime ranked #13. Choose Schwab if you want the widest selection of symbols; pick DooPrime if copy trading matters to you.
| Feature |
Charles Schwab
|
DooPrime
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 40000 | 10000 |
| Forex Pairs (Total) | 73 | 60 |
| U.S. Stocks (Shares) | Yes | Yes |
| Global Stocks (Non-U.S. Shares) | Yes | Yes |
| Copy Trading | No | Yes |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | Yes | No |
| 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 DooPrime both check key boxes for active traders: each provides a free paper trading account, an in-house trading platform, a Windows desktop download, a web platform, and the ability to place trades directly from charts. Where they differ is in third-party tools and social features. DooPrime supports copy trading and offers MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which can appeal to traders who want expert advisors or a familiar forex workflow. Charles Schwab does not offer copy trading or MT4/MT5.
For overall platform quality, Charles Schwab earns 5 stars and ranks #5 out of 63 brokers for Trading Platforms and Tools on ForexBrokers.com. DooPrime scores 4 stars and ranks #25 out of 63. In short, choose Schwab if you want a highly rated, integrated platform experience, and consider DooPrime if you value copy trading and MetaTrader access alongside its proprietary platform.
| Feature |
Charles Schwab
|
DooPrime
|
|---|---|---|
| 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 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Charles Schwab and DooPrime offer mobile trading apps for iPhone and Android. Each app includes price alerts, the ability to draw trendlines on stock and forex charts, and auto-saving for your chart drawings—useful for tracking setups across sessions.
Where they differ is depth and convenience. Charles Schwab’s app includes 374 technical studies versus DooPrime’s 30, and Schwab syncs your watchlists between the mobile app and your online account, while DooPrime does not. According to ForexBrokers.com, Charles Schwab earns 5 stars and ranks #6 out of 63 brokers for Mobile Trading Apps, while DooPrime earns 4 stars and ranks #25.
| Feature |
Charles Schwab
|
DooPrime
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 374 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
For market research, Charles Schwab and DooPrime both check core boxes: daily market commentary, an economic calendar of global events, and forex news from top-tier sources like Bloomberg, Reuters, or Dow Jones. Neither broker includes Autochartist tools or a sentiment-based positioning gauge that shows long vs. short ratios.
The big difference is advanced analytics. DooPrime offers Trading Central research, while Charles Schwab does not. Schwab also does not provide TipRanks or Acuity Trading tools; for DooPrime, availability of TipRanks and Acuity Trading was not specified. Based on ForexBrokers.com’s evaluations, Charles Schwab earns 5 out of 5 stars for Research and ranks #5 of 63 brokers, whereas DooPrime scores 4 out of 5 stars and ranks #30.
| Feature |
Charles Schwab
|
DooPrime
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central | No | Yes |
| Client sentiment data | No | No |
| TipRanks | No | |
| Acuity Trading | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Both Charles Schwab and DooPrime give beginner traders a clear path to learn with at least 10 starter videos and 10 advanced videos that cover trading topics in plain language. A key difference is live instruction: Charles Schwab hosts online client webinars at least monthly, while DooPrime does not. Live sessions can help new traders ask questions and keep up with current market themes, while on-demand videos are great for learning at your own pace. The availability of a dedicated library of at least 10 forex- or CFD-specific pieces was not specified for either broker.
For overall education quality, ForexBrokers.com rates Charles Schwab 5 stars and ranks it 6th out of 63 brokers, while DooPrime earns 4 stars and ranks 25th. In practice, that means beginners who want frequent live learning and a highly polished program may lean toward Charles Schwab, while DooPrime still offers a solid video library for self-guided study.
| Feature |
Charles Schwab
|
DooPrime
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
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 DooPrime. Charles Schwab finished with an overall rank of #6, while DooPrime finished with an overall rank of #28.
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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DooPrime
|
|---|---|---|
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| Trust Score | 99 | 83 |
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In the Charles Schwab vs DooPrime comparison for cryptocurrency trading, neither broker supports buying actual delivered crypto, but Charles Schwab offers cryptocurrency CFDs while DooPrime does not.
Charles Schwab vs DooPrime: Schwab supports ACH/SEPA and bank wire funding, DooPrime does not support ACH/SEPA, and the availability of PayPal, Skrill, Visa/Mastercard, and bank wires for DooPrime—as well as PayPal, Skrill, and Visa/Mastercard for Schwab—is not specified.
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 | DooPrime | |
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| Trust Score | 99 | 83 | |
| Winner | check_circle | ||
| Review | Charles Schwab Review |
| Broker Screenshots | Charles Schwab | DooPrime | |
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| Broker Gallery (click to expand) |
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| Regulation | Charles Schwab | DooPrime | |
|---|---|---|---|
| Trust Score | 99 | 83 | |
| Year Founded | 1971 | 2014 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No | |
| Tier-1 Licenses | 5 | 4 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 3 |
| Tier-1 Licenses (Highly Trusted) | Charles Schwab | DooPrime | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | Yes | Yes | |
| Japan (SFC 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 | No |
| Tier-2 Licenses (Trusted) | Charles Schwab | DooPrime | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | ||
| South Africa (FSCA Authorised) | No | ||
| UAE (DFSA, FSRA, or SCA Authorised) | No | ||
| India (SEBI Authorised) | No | ||
| Jordan (JSC Authorised) |
| Investments | Charles Schwab | DooPrime | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 40000 | 10000 | |
| Forex Pairs (Total) | 73 | 60 | |
| U.S. Stocks (Shares) | Yes | Yes | |
| Global Stocks (Non-U.S. Shares) | Yes | Yes | |
| Copy Trading | No | Yes | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | Yes | No | |
| 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 | DooPrime | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.32 | N/A | |
| All-in Cost EUR/USD - Active | 1.32 | N/A | |
| Inactivity Fee | No | No | |
| Order execution: Agency | Yes | Yes | |
| Order execution: Market Maker | No | Yes |
| Funding | Charles Schwab | DooPrime | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | No | ||
| Skrill (Deposit/Withdraw) | No | ||
| Bank Wire (Deposit/Withdraw) | Yes | ||
| Non-wire bank transfer | Yes | No |
| Trading Platforms | Charles Schwab | DooPrime | |
|---|---|---|---|
| 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 | No |
| Trading Tools | Charles Schwab | DooPrime | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 374 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Charles Schwab | DooPrime | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 374 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Charles Schwab | DooPrime | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central | No | Yes | |
| TipRanks | No | ||
| Client sentiment data | No | No | |
| Economic Calendar | Yes | Yes |
| Education | Charles Schwab | DooPrime | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes |
| Major Forex Pairs | Charles Schwab | DooPrime | |
|---|---|---|---|
| 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 |
| Overall | Charles Schwab | DooPrime | |
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| Trust Score | 99 | 83 | |
| Winner | check_circle | ||
| Review | Charles Schwab Review |
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